LEADING EDGE MATERIALS REPORTS QUARTERLY RESULTS TO JULY 31, 2025
Leading Edge Materials (OTCQB:LEMIF) reported Q3 2025 financial results, highlighting a reduced net loss of $611,307 compared to $1,179,168 in Q2 2025. The company successfully closed a private placement raising C$2,838,160 through issuing 17,738,500 units at C$0.16 per unit.
The company maintains its Woxna Graphite mine in "production-ready" status and is updating its restart study with successful crushing tests completed. At Norra Kärr HREE Project, the company is awaiting a decision on its 25-year mining lease application in Q4 2025, while progressing with Pre-feasibility Study targeted for H1 2026. The Bihor Sud Nickel-Cobalt Project is undergoing reassessment following the acquisition of Avram Iancu mine permits.
As of July 31, 2025, LEMIF reported working capital of $679,695 and total assets of $29,503,036, with an accumulated deficit of $51,812,349.
Leading Edge Materials (OTCQB:LEMIF) ha riportato i risultati finanziari del terzo trimestre 2025, registrando una riduzione della perdita netta a $611,307 rispetto a $1,179,168 nel secondo trimestre 2025. L'azienda ha chiuso con successo una collocazione privata raccogliendo C$2,838,160 emettendo 17,738,500 unità a C$0.16 per unità.
L'azienda mantiene la miniera di grafite Woxna in stato di "produzione pronta" e sta aggiornando lo studio di riavvio con esiti positivi sui test di frantumazione. Per quanto riguarda il Progetto Norra Kärr HREE, l'azienda attende una decisione sulla domanda di concessione mineraria di 25 anni nel Q4 2025, mentre procede con lo Studio di pre-fattibilità mirato al primo semestre 2026. Il Progetto Ni- Nickel-Cobalt di Bihor Sud è oggetto di rivalutazione dopo l'acquisizione dei permessi della miniera Avram Iancu.
Al 31 luglio 2025, LEMIF ha riportato capitale circolante di $679,695 e attività totali di $29,503,036, con un deficit accumulato di $51,812,349.
Leading Edge Materials (OTCQB:LEMIF) informó los resultados financieros del tercer trimestre de 2025, destacando una reducción de la pérdida neta a $611,307 frente a $1,179,168 en el segundo trimestre de 2025. La empresa cerró con éxito una colocación privada levantando C$2,838,160 al emitir 17,738,500 unidades a C$0.16 por unidad.
La compañía mantiene la mina de grafito Woxna en estado de "producción lista" y está actualizando su estudio de reinicio tras completar con éxito pruebas de trituración. En el Proyecto Norra Kärr HREE, la compañía espera una decisión sobre su solicitud de concesión minera de 25 años en el Q4 de 2025, mientras avanza con el Estudio de Prefactibilidad orientado al primer semestre de 2026. El Proyecto de Niquel-Cobalto de Bihor Sud está siendo reevaluado tras la adquisición de los permisos de la mina Avram Iancu.
Al 31 de julio de 2025, LEMIF reportó capital de trabajo de $679,695 y activos totales de $29,503,036, con un déficit acumulado de $51,812,349.
Leading Edge Materials (OTCQB:LEMIF)는 2025년 3분기 재무 실적을 발표하며 순손실이 $611,307로 감소했고 2025년 2분기의 $1,179,168에서 감소했다고 밝혔다. 회사는 C$2,838,160를 모으는 비공개 배정을 성공적으로 마무리했고 유닛 17,738,500개를 C$0.16로 발행했다.
회사는 Woxna 그래파이트 광산을 "생산 준비 상태"로 유지하고 재가동 연구를 업데이트 중이며 파쇄 테스트를 성공적으로 완료했다. Norra Kärr HREE 프로젝트의 경우 25년 간의 채굴 면허 신청에 대한 결정이 2025년 4분기에 기대되며 2026년 상반기를 목표로 한 예비 타당성 조사를 진행 중이다. Bihor Sud 니켈-코발트 프로젝트는 Avram Iancu 광산의 허가 취득 후 재평가 중이다.
2025년 7월 31일 기준으로 LEMIF의 운전자본은 $679,695이고 총자산은 $29,503,036이며 누적 손실은 $51,812,349이다.
Leading Edge Materials (OTCQB:LEMIF) a publié les résultats financiers du T3 2025, mettant en évidence une réduction de la perte nette à $611,307 contre $1,179,168 au T2 2025. L'entreprise a clôturé avec succès une placement privé levant C$2,838,160 en émettant 17,738,500 unités à C$0.16 par unité.
L'entreprise maintient sa mine de graphite Woxna en statut "production-ready" et met à jour son étude de redémarrage après la réussite des essais de concassage. Pour le projet Norra Kärr HREE, l'entreprise attend une décision sur sa demande de permis minier de 25 ans au cours du Q4 2025, tout en avançant avec l'étude de préfaisabilité ciblant le premier semestre 2026. Le projet Bihor Sud Nickel-Cobalt fait l'objet d'une réévaluation suite à l'acquisition des permis de la mine Avram Iancu.
Au 31 juillet 2025, LEMIF a enregistré un fonds de roulement de $679,695 et des actifs totaux de $29,503,036, avec un déficit cumulé de $51,812,349.
Leading Edge Materials (OTCQB:LEMIF) hat die Finanzergebnisse für das dritte Quartal 2025 gemeldet und dabei einen reduzierten Nett Loss von $611,307 im Vergleich zu $1,179,168 im Q2 2025 hervorgehoben. Das Unternehmen hat erfolgreich eine Privatplatzierung abgeschlossen, die C$2,838,160 durch die Ausgabe von 17,738,500 Einheiten zu je C$0.16 pro Einheit aufgenommen hat.
Das Unternehmen hält die Woxna Graphite-Mine in Produktionsbereitschaft und aktualisiert seine Wiederanlaufstudie, nachdem erfolgreiche Zerkleinerungstests abgeschlossen wurden. Beim Norra Kärr HREE-Projekt wartet das Unternehmen im vierten Quartal 2025 auf eine Entscheidung zu seinem 25-Jahres-Minenlizenzantrag, während es mit der Vorstudie für die Machbarkeitsstudie bis 2026 fortfährt. Das Bihor Sud Nickel-Kobalt-Projekt wird nach dem Erwerb der Genehmigungen der Avram Iancu-Mine neu bewertet.
Stand 31. Juli 2025 meldete LEMIF ein Net Working Capital von $679,695 und Vermögenswerte in Höhe von $29,503,036, bei einem kumulierten Defizit von $51,812,349.
Leading Edge Materials (OTCQB:LEMIF) أوردت نتائجها المالية للربع الثالث من 2025، مع إبراز انخفاض صافي الخسارة إلى $611,307 مقارنةً بـ $1,179,168 في الربع الثاني من 2025. أغلقت الشركة بنجاح طرحاً خاصاً جمع C$2,838,160 من خلال إصدار 17,738,500 وحدة بسعر C$0.16 للوحدة.
تحتفظ الشركة بميناء Woxna Graphite في حالة "إنتاج جاهز" وتقوم بتحديث دراستها لإعادة التشغيل بعد إتمام اختبارات الطحن بنجاح. وفي مشروع Norra Kärr HREE، تتطلع الشركة إلى قرار بشأن طلبها برخصة تعدين لمدة 25 عاماً في الربع الرابع من 2025، مع التقدم في دراسة ما قبل الجدوى المستهدفة للربع الأول من 2026. كما يجري إعادة تقييم مشروع Bihor Sud Nickel-Cobalt بعد الاستحواذ على تصاريح منجم Avram Iancu.
اعتباراً من 31 يوليو 2025، أبلغت LEMIF عن رأس مال عامل قدره $679,695 وإجمالي أصول قدره $29,503,036، مع عجز تراكمي قدره $51,812,349.
Leading Edge Materials (OTCQB:LEMIF) 报告了2025年第三季度的财务业绩，显示净亏损降至$611,307，低于2025年第二季度的$1,179,168。公司通过发行单位价格为每单位C$0.16，成功完成私募募集，募集金额为C$2,838,160，共发行17,738,500单位。
公司维持Woxna石墨矿处于“生产就绪”状态，并更新再启动研究，碎矿测试已圆满完成。在Norra Kärr HREE项目方面，公司在2025年第四季度等待其25年矿业开采许可申请的决定，同时推进2026年上半年的可行性研究。Bihor Sud镍钴项目在收购Avram Iancu矿山许可后正在重新评估。
截至2025年7月31日，LEMIF的运营资本为$679,695，总资产为$29,503,036，累计赤字为$51,812,349。
- None.
- Accumulated deficit of $51,812,349
- Working capital declined to $679,695 from $1,191,514 in previous quarter
- Additional capital needed for Woxna Graphite restart and other operations
- Non-current liabilities increased to $6,806,650 from $6,009,933 in previous quarter
LEADING EDGE MATERIALS REPORTS QUARTERLY RESULTS TO JULY 31, 2025
Vancouver, July 31, 2025 – Leading Edge Materials Corp. (“Leading Edge Materials” or the “Company”) (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) (FRA: 7FL) announces results for the fiscal period ending July 31, 2025. All references to dollar amounts in this release are in Canadian dollars.
Highlights During and After the Quarter
During the three months ended July 31, 2025:
- On June 9, 2025, the Company announced signing of an agreement with Svensk Kapitalmarknadsgranskning (“SKMG”) for an assignment as Certified Adviser for the Nasdaq First North Growth Market (Stockholm).
After nine months ended July 31, 2025:
- On August 15, 2025, the Company closed the non-brokered private placement financing (the “Private Placement”) previously announced on June 10, 2025. Pursuant to the Private Placement, the Company has issued 17,738,500 units (the “Units”) at a price of C
$0.16 per Unit for aggregate gross proceeds of C$2,838,160.
Results of Operations
Three Months Ended July 31, 2025, Compared to Three Months Ended April 30, 2025
During the three months ended July 31, 2025 (“Q3 2025”) the Company reported a net loss of
Three Months Ended July 31, 2025, Compared to Three Months Ended July 31, 2024
During the three months ended July 31, 2025 (“2025 period”), the Company reported a net loss of
Selected Financial Data
The following selected financial information is derived from the unaudited condensed consolidated interim financial statements of the Company prepared in accordance with IFRS.
| Fiscal 2025 | Fiscal 2024 | Fiscal 2023 | ||||||
| Three Months Ended | July 31, 2025 $ | April 30, 2025 $ | January 31, 2025 $ | October 31, 2024 $ | July 31, 2024 $ | April 30, 2024 $ | January 31, 2024 $ | October 31, 2023 (Restated) $ |
| Operations | ||||||||
Expenses | (697,621) | (1,070,402) | (696,037) | (97,209) | (797,070) | (863,745) | (660,617) | (457,890) |
Other items | 86,314 | (108,766) | 26,821 | (222,820) | (25,168) | 4,216 | (25,311) | 195,209 |
| Comprehensive profit/(loss) | (611,307) | (1,179,168) | (669,216) | (320,029) | (822,238) | (859,529) | (685,928) | (262,681) |
| Basic Profit/(loss) per share | (0.00) | (0.01) | (0.00) | (0.00) | (0.00) | (0.01) | (0.00) | (0.00) |
| Diluted profit/(loss) per share | (0.00) | (0.01) | (0.00) | (0.00) | (0.00) | (0.01) | (0.00) | (0.00) |
| Financial Position | ||||||||
Working capital | 679,695 | 1,191,514 | 2,198,641 | 3,337,686 | 3,973,458 | 1,610,635 | 2,316,098 | 2,713,098 |
Total assets | 29,503,036 | 28,361,774 | 28,480,311 | 29,343,716 | 28,454,783 | 24,991,481 | 26,003,943 | 25,512,111 |
| Total non-current liabilities | (6,806,650) | (6,009,933) | (5,596,369) | (5,641,854) | (5,683,545) | (5,101,289) | (5,489,843) | (4,670,790) |
Financial Condition / Capital Resources
During the three months ended July 31, 2025, the Company recorded a net loss of
Outlook
Current geopolitical dynamics have elevated critical raw materials to ongoing international prominence. As nations and corporations work to establish supply chains independent of China, the Company's Norra Kårr and Woxna Graphite projects remain strategically positioned within this evolving landscape.
In the rare earth elements sector, the European Union successfully negotiated a relaxation of China's export restrictions on 24 July, following measures initially imposed in April. This development underscores the urgent requirement for dependable and secure critical raw materials supply chains. The earlier export restrictions led to substantial price increases for heavy rare earth elements, particularly dysprosium and terbium, due to their limited availability outside of Chinese sources. Norra Kårr's heavy rare earth element profile positions it as directly relevant to addressing these supply constraints.
International governments—including the United States, Canada, and Australia—are actively supporting rare earth element mining initiatives through financial backing and structured pricing mechanisms, including price floors and long-term purchase agreements. These coordinated efforts are strengthening investor confidence while establishing the critical supply infrastructure necessary to counterbalance China's market dominance, built over decades through comprehensive state-directed industrial policy.
Woxna Graphite Mine
The Company maintains the Woxna Graphite Mine in production-ready condition while keeping operational holding costs to a minimum.
In partnership with an engineering consultant, the Company is currently updating its internal production restart study, which was initially completed in 2022. Recent crushing tests on Woxna ore have been successfully completed to investigate enhanced liberation techniques and better preservation of graphite flakes. Metallurgical testing is now underway on this material to assess potential improvements to the processing facility that could maximize operational efficiency.
The Company's goal is to deliver premium-quality, high-grade flake graphite concentrate. Market interest remains strong, reinforcing confidence in Woxna's commercial potential.
This comprehensive technical work will inform the creation of an updated business plan, and it is hoped enable project financing discussions, including potential access to Swedish or European Union public funding programmes.
Norra Kärr Heavy Rare Earth Element (“HREE”) Project
Throughout the summer months, the Company has been responding to feedback from the County Administrative Boards of Jönköping and Östergötland regarding its application for a new Exploitation Concession ("Bearbetningskoncession") - a 25-year mining lease for the Norra Kårr project. The Company must submit its comprehensive responses to the Chief Mining Inspector by 20 September and anticipates a decision in Q4 2025.
Concurrent with the mining lease approval process, Pre-feasibility Study ("PFS") activities are progressing across multiple fronts. This includes mineral processing trials designed to optimize HREE-rich eudialyte mineral concentrate production, as well as development of industrial mineral nepheline syenite products. A comprehensive market evaluation for nepheline syenite applications is also in preparation. The Company is targeting PFS completion during H1 2026.
Bihor Sud Nickel-Cobalt Exploration Project
Following the substantial addition of ownership and operational permits for the Avram Iancu mine within the exploration area, the Company is reassessing its highest-value prospects. The Avram Iancu site benefits from extensive historical mining and exploration activities that have established hundreds of kilometres of underground galleries and workings. Historical data indicates the presence of massive sulphide zones within carbonate-replacement deposits, featuring primary copper-bearing minerals such as chalcocite and bornite.
A Competent Person Report is currently under development, while management concurrently explores alternative financing options to advance project development. This technical report will consolidate the substantial work completed to date and establish a clear roadmap for the project.
Financial Information
The report for three months ending July 31, 2025, is expected to be published on or about September 19, 2025.
On behalf of the Board of Directors,
Leading Edge Materials Corp.
Kurt Budge, CEO
For further information, please contact the Company at:
info@leadingedgematerials.com
www.leadingedgematerials.com
Follow us
Twitter: https://twitter.com/LeadingEdgeMtls
Linkedin: https://www.linkedin.com/company/leading-edge-materials-corp/
About Leading Edge Materials
Leading Edge Materials is a Canadian public company focused on developing a portfolio of critical raw material projects located in the European Union. Critical raw materials are determined as such by the European Union based on their economic importance and supply risk. They are directly linked to high growth technologies such as lithium-ion batteries and permanent magnets for electric motors, wind turbines and defense applications. The portfolio of projects includes the
Additional Information
The information was submitted for publication through the agency of the contact person set out above, on September 19, 2025, at 9:00 AM Vancouver time.
Leading Edge Materials is listed on the TSXV under the symbol “LEM”, OTCQB under the symbol “LEMIF” and Nasdaq First North Stockholm under the symbol “LEMSE”. Svensk Kapitalmarknadsgranskning (“SKMG”) is the Company’s Certified Adviser for the Nasdaq First North Growth Market (Stockholm) and may be contacted via email ca@skmg.se or by phone +46 (0)8 913 008.
Reader Advisory
This news release may contain statements which constitute “forward-looking information”, including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Company’s future business activities may differ materially from those in the forward-looking statements as a result of various factors, including, but not limited to, fluctuations in market prices, changes in the Company’s intended use of proceeds from the Private Placement, successes of the operations of the Company, continued availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.
Attachments
FAQ
What were Leading Edge Materials (LEMIF) Q3 2025 financial results?
How much did Leading Edge Materials raise in their recent private placement?
What is the status of LEMIF's Norra Kärr HREE Project?
What is the current status of Leading Edge Materials' Woxna Graphite Mine?
Does Leading Edge Materials need additional funding for operations?
