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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 reports extensive Zn-Pb-Ag mineralization in Romania's Bihor Sud Project. Over 8 km of galleries in G2 have been accessed, revealing significant mineralization. A silver-rich zone in G7 is noted. A 1,500 m Co-Ni drill program will begin in G7 in July 2024, followed by a 6,000 m program in G2. The G2 gallery reveals Pb-Zn grades of several percent and notable silver grades. Chip samples showed a Zn-equivalent average grade of 7.34%. The company's underground mapping and sampling continue, with drilling set to start later in the year.
Leading Edge Materials has appointed Kurt Budge as CEO, effective May 19, 2024. Budge brings 30 years of mining experience, including a recent tenure as CEO of Beowulf Mining. The company is focused on obtaining a Strategic Project designation for its Rare Earth Elements at Norra Kärr in Sweden under the EU Critical Raw Materials Act. Other key projects include the Woxna graphite mine in Sweden and the Bihor Sud nickel and cobalt exploration project in Romania. The board is optimistic about Budge's leadership and the potential for significant value creation.
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