Leading Edge Stock Price, News & Analysis

Leading Edge Materials Corp. has announced preliminary results from a Life Cycle Assessment (LCA) for its Woxna Graphite anode project. The assessment indicates that producing 1 tonne of natural graphite anode material from Woxna is associated with an estimated carbon footprint of 1.8 tonnes of CO₂ equivalent, significantly lower (85%-90%) than the typical Chinese alternatives. This lower impact is attributed to the use of hydropower for energy needs. The final LCA results will undergo external review. The company aims to minimize its carbon footprint further by exploring climate-neutral gas alternatives.

Leading Edge Materials Corp. announced on June 17, 2021, that it has submitted a full appeal to the Swedish Government against the rejection of its mining lease application for the Norra Karr REE project. The rejection was based on the absence of a Natura 2000 permit. The company aims to cancel this rejection and proceed with the evaluation of the application as the Supreme Administrative Court of Sweden considers the permit's necessity. Furthermore, recent parliamentary support suggests a potential legislative change regarding the permit requirements.

Leading Edge Materials Corp. announced a Preliminary Economic Assessment (PEA) for its Woxna Graphite project in Sweden. The PEA indicates a viable operation for producing battery-grade graphite anode material. Key financial highlights include a pre-tax Net Present Value (NPV) of $317 million, a pre-tax Internal Rate of Return (IRR) of 42.9%, and average annual EBITDA of $49 million. The project, utilizing existing infrastructure and low-cost hydropower, aims to reduce reliance on Chinese imports and improve sustainability.

Leading Edge Materials Corp. (OTCQB: LEMIF) announced on May 5, 2021, that the Mining Inspectorate of Sweden has rejected its mining lease application for the Norra Karr project. The decision was based on an outdated project design from 2013. The company plans to appeal this decision while finalizing an updated project design aimed at minimizing environmental impact. The ongoing exploration license for Norra Karr is valid until August 2025. CEO Filip Kozlowski emphasized the project's importance for meeting the surging demand for rare earth materials in Europe.

Leading Edge Materials Corp. (LEMIF) announced the completion of the sale of its subsidiary, Bergby Lithium AB, to United Lithium Corp. (ULTH). The transaction, valued at approximately CAD 1.29 million, includes CAD 250,000 in cash, over 1 million ULTH shares, 400,000 purchase warrants, and a 2% net smelter returns royalty on the Bergby Lithium project. ULTH is committed to investing CAD 1 million on exploration before October 2022. The CEO expressed optimism about sharing future successes as shareholders, emphasizing ongoing projects in critical raw materials.

Leading Edge Materials Corp. (LEMIF) held its Annual General Meeting on April 21, 2021, with 44,678,571 shares voted, representing 30.40% of issued shares. Shareholders approved a board of three directors and re-elected all nominees with high approval rates: Lars-Eric Johansson (99.98%), Daniel Major (99.95%), and Eric Krafft (99.94%). Additionally, the ratification of a 10% rolling stock option plan and auditor appointment were approved. Post-meeting, key appointments were made, including Lars-Eric Johansson as Non-Executive Chairman.

Leading Edge Materials Corp. has provided a letter from CEO Filip Kozlowski highlighting the positive market shift for clean energy materials following the COVID-19 pandemic. The company raised $3.5 million in August 2021 and is conducting two preliminary economic assessments on its Swedish projects, Woxna and Norra Karr, aimed at enhancing economic viability and environmental efficiency. Woxna's production benefits from low-cost green hydropower, while Norra Karr is positioned to contribute to Europe's rare earth magnet supply chain. The company is focused on shareholder value creation.

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.