Leading Edge Stock Price, News & Analysis

Leading Edge Materials Corp. (LEMIF) has reported its quarterly results for the period ending January 31, 2025, posting a net loss of $669,216 compared to $320,029 in Q4 2024. The company maintains a working capital of $2,198,641 with an accumulated deficit of $50,021,874.

The company's Woxna Graphite Mine is being maintained in 'production-ready' status, with plans for potential restart amid growing European demand for natural graphite. The company expects a 140% growth in natural graphite demand by 2030, requiring 1.7 million additional tonnes globally.

For the Norra Kärr HREE Project, the company awaits an EU Strategic Project status decision by March end, which would set a 27-month permitting timeline. The project has been streamlined to produce HREE magnetic concentrate and nepheline syenite. At Bihor Sud, exploration has accelerated with four new geologists hired and a new 1,500m drilling program initiated in gallery G2.

Leading Edge Materials (LEMIF) provides an update on its 100% owned Woxna Graphite Mine in Europe. The company highlights the strategic importance of Woxna amid growing concerns over natural graphite supply security and increasing demand. According to Benchmark Minerals Intelligence, natural graphite demand is projected to grow 140% by 2030, requiring an additional 1.7 million tonnes and at least 31 new mines globally.

Woxna, one of the few fully built and permitted graphite mines in Europe, includes the Kringelgruvan Exploitation Concession and three satellite deposits containing over 1 million tonnes of graphite. The company plans to update its 2022 processing plant upgrade study in Q2, focusing on producing high-quality flake graphite concentrate. While the Anode Project 2021 remains a long-term option, the immediate focus is on restarting production and securing the mine's role in the European graphite supply chain.

Leading Edge Materials (LEMIF) has provided an update on its 100% owned Norra Kärr Heavy Rare Earth Elements Project. The company expects a decision on Strategic Project status under the Critical Raw Materials Act by March 2025, with pre-feasibility study work beginning in Q2. The company is developing a Rapid Development Plan to accelerate production of REE concentrates and nepheline syenite.

Current testwork focuses on nepheline syenite and aegirine to determine market opportunities and environmental impact. While the 2021 PEA assumed conservative pricing of US$12-65 per tonne for nepheline syenite, the company is now exploring higher-value markets with prices of US$100-500 per tonne. The project is expected to produce approximately 730,000 tonnes of nepheline syenite annually over 26 years, with 62% being higher-value coarse granular product for European and North American markets.

Leading Edge Materials Corp. (LEMIF) reported fiscal 2024 results with a net loss of $2,687,724, compared to $2,397,107 in fiscal 2023. The company raised $4,111,000 through private placements in 2024 and maintained a working capital of $3,337,686 as of October 31, 2024.

Key developments include positive assay results at the Bihor Sud project showing 6.7% Co, 13.0% Ni, and 7.5 g/t Au, appointment of Kurt Budge as CEO, and application for Strategic Project designation for the Norra Kärr HREE Project. The company also applied for a 25-year mining lease for Norra Kärr in December 2024.

The Woxna Graphite Mine remains on 'production-ready' status, while the company explores partnership opportunities. The company indicates sufficient funding for corporate administration but requires additional capital for operations at Woxna, Anode Project production facility, Norra Kärr development, and Romanian exploration activities.

Leading Edge Materials (LEMIF) CEO Kurt Budge provided a comprehensive update on the company's key projects. The company recently submitted applications for Strategic Project status under the EU's Critical Raw Materials Act and a 25-year mining lease for the Norra Kärr Heavy Rare Earth Project, the only NI 43-101 compliant REE resource in mainland Europe. The project is estimated to produce 5,341 tonnes of rare earth oxides over 26 years.

The company's Woxna Graphite project, Europe's only built and permitted natural flake graphite mine, is positioned to supply the European anode value chain. At Bihor Sud, drilling operations have commenced with plans to expand the team and accelerate the program in 2025, targeting a large-scale polymetallic deposit.

Leading Edge Materials has submitted a 25-year mining lease application for the Norra Kärr Heavy Rare Earths Project to Sweden's Mining Inspectorate. The project, redesigned in 2021, separates mining from chemical processing activities, with processing relocated to an industrial park. The new design reduces operational area by 65%, water usage by 30%, and increases material conversion to products from 1% to 60%.

The 2021 Preliminary Economic Assessment highlights include: $1,026M pre-tax NPV, 30.8% IRR, $487M initial CAPEX, and 26-year mine life. Annual production targets include 5,341 tonnes of TREO and 732,885 tonnes of Nepheline Syenite co-product. The company plans further testwork in Q1 2025 to explore market potential for nepheline syenite and aegirine.

Leading Edge Materials Corp. (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) has closed the second and final tranche of its private placement, issuing 6,710,000 common shares at $0.10/share for gross proceeds of CAD$671,000. The placement includes Units consisting of one common share and one purchase warrant, with each warrant allowing the purchase of one common share at C$0.20 for four years from the closing date.

The company plans to use the net proceeds for its projects in Sweden and Romania, as well as for general working capital and corporate purposes. The private placement is subject to final approval from the TSX Venture Exchange, with securities subject to a hold period expiring on January 27, 2025. Notably, insiders purchased 16,500,000 Units, constituting a related party transaction under MI 61-101.

Leading Edge Materials Corp. (TSXV: LEM) (OTCQB: LEMIF) has initiated exploration diamond drilling at its Bihor Sud Project in Romania. The primary goal is to identify a large-scale, potentially mineable body of mineralization. Initial findings indicate strong potential for significant polymetallic mineralized zones with evidence of extension in both strike and depth.

Drilling will begin in gallery G7, targeting Cobalt-Nickel-Gold mineralization zones reported in late 2023, before moving to gallery G2. The Company's new Chief Geologist is on-site managing the exploration program. Previous assay results from G7 showed high-grade samples including 6.7% Cobalt, 13.0% Nickel, and 7.5 g/t gold. In gallery G2, extensive Zinc-Lead-Silver-Copper mineralization zones were identified, with a zinc-equivalent average grade of 7.34% from ten chip samples.

Leading Edge Materials Corp. (TSXV: LEM) reported its Q3 2024 results ending July 31, 2024. Key highlights include:

- Appointment of Kurt Budge as CEO on May 19, 2024
- Discovery of extensive Zn-Pb-Ag+/-Cu mineralization at Bihor Sud Project in Romania
- Closing of first tranche of private placement, raising CAD$3,440,000

Financial results:
- Q3 2024 net loss: $822,238 (compared to Q2 2024 net loss of $859,529)
- Working capital as of July 31, 2024: $3,973,458
- Total assets: $28,454,783

The company is maintaining its Woxna Graphite Mine on a 'production-ready' basis and evaluating a potential restart. It's also advancing the Norra Kärr HREE Project and Bihor Sud Nickel-Cobalt Exploration Project. The company anticipates sufficient funding for corporate administration but will need additional capital for operations and project development.