Welcome to our dedicated page for Leading Edge news (Ticker: LEMIF), a resource for investors and traders seeking the latest updates and insights on Leading Edge stock.
Leading Edge Materials Corp. develops a portfolio of critical raw material projects in the European Union. The company’s project base includes the 100% owned Woxna Graphite mine in Sweden, the 100% owned Norra Kärr Heavy Rare Earth Elements project in Sweden, and the 51% owned Bihor Sud Nickel Cobalt exploration alliance in Romania.
Company updates commonly cover exploration results and technical reports for Bihor Sud, permitting and processing work related to Norra Kärr, funding needs for project development, and governance matters such as annual meeting results, auditor appointments, stock option plans, and director-related capital activity. The company trades on the OTCQB under LEMIF and is also listed on the TSXV and Nasdaq First North Stockholm.
Leading Edge Materials Corp. has announced its Annual General Meeting of Shareholders will be held on April 21, 2021, in Vancouver. Key agenda items include the CEO’s report, reviewing financial statements for the year ending October 31, 2020, electing directors, and appointing auditors. The record date for voting is set for March 17, 2021. Shareholders holding Euroclear Registered Securities must submit a voting instruction form through Computershare Sweden to participate in the voting process. Health precautions regarding COVID-19 encourage proxy voting.
Leading Edge Materials Corp. (TSXV: LEM, OTCQB: LEMIF) announced a collaboration with Forge Nano to develop graphite anode material coatings using Atomic Layer Deposition (ALD) technology. This partnership aims to upgrade flake graphite from Woxna mine into valuable active anode materials for lithium-ion battery producers in Europe. The coated graphite can fetch prices between $7,000 and $12,000 per tonne, compared to $3,000 for uncoated. ALD offers advantages like improved performance and reduced costs, positioning Woxna for future production.
Leading Edge Materials Corp. (LEMIF) has welcomed a recent announcement from the Swedish Government regarding a governmental review aimed at improving the permitting processes for critical raw materials. This review, led by a special reviewer, aims to address the increasing demand due to the green transition, particularly for industries like electric vehicles and wind power. The review is expected to complete by October 2022 and will explore a balance between local environmental impact and societal benefits, while ensuring investment attractiveness in Sweden.
Leading Edge Materials Corp. announced the appointment of Sanjay Swarup as its new CFO, effective immediately, replacing Nick Demare. Swarup brings over 25 years of experience in accounting and business consulting, including 15 years in the resource sector, and has served as CFO for several public companies. CEO Filip Kozlowski expressed optimism about Swarup's expertise aligning with the company's strategic focus on European projects. This leadership change is expected to enhance the company's efficiency in advancing its Swedish and Romanian projects.
Leading Edge Materials Corp. (OTCQB: LEMIF) announced a definitive agreement with United Lithium Corp. for the sale of the Bergby Lithium project. The deal includes CAD$250,000 in cash at closing, shares, and warrants with a total initial cash consideration of CAD$500,000. United Lithium will also invest CAD$1,000,000 in exploration on the project. The transaction allows Leading Edge to focus on its Woxna Graphite mine and Norra Kärr REE project amid rising prices for critical raw materials.
On September 29, 2020, Leading Edge Materials Corp. announced its participation as a founding stakeholder in the newly launched European Raw Materials Alliance (ERMA). This initiative, announced by the European Commission, aims to ensure sustainable access to critical raw materials, which are vital for the European Green Deal. ERMA will focus initially on rare earth and magnet value chains, creating platforms for investment and stakeholder collaboration to address regulatory bottlenecks. CEO Filip Kozlowski emphasized the alignment of the company’s projects with ERMA’s objectives.