VANCOUVER, June 4, 2020 /CNW/ - Leading Edge Materials
Corp. ("Leading Edge Materials" or
the "Company") (TSXV: LEM) (Nasdaq First North: LEMSE)
(OTCQB: LEMIF) has received confirmation from the Mining
Inspectorate of Sweden
("Bergsstaten") that the Norra Karr nr 1 exploration license
has been extended for 5 years to August 31,
2024.
Under the Swedish Minerals Act an exploration license is not
required to be extended since it remains valid for the duration of
an ongoing mining lease application with Bergsstaten, which is the
case for Norra Karr. However, the Company will always ensure that
it protects its security over the asset and decided it prudent to
apply for an extension. The Bergsstaten's decision can be appealed
and the Company will disclose any development with respect to that
if and when required.
Filip Kozlowski, CEO states
"We are pleased to receive this confirmation as it demonstrates
our commitment to do our utmost in protecting the Company's and our
shareholder's interest in the unique Norra Karr Heavy REE project.
As economies transition out of the ongoing crisis there are
increasing calls for a #GreenRecovery and increased resilience for
European industrial supply chains. Norra Karr could contribute to
both the former and latter."
Norra Karr is one of few NI43-101 REE resources on mainland
Europe and has been identified as
potentially significant for European REE security (ERECON study),
and has received support by European Commission funding in the past
for process research (Horizon2020 funded EURARE study). As
announced June 5, 2019, the Company
is doing preparatory work for a Natura2000 permit application in
support of the previously submitted mining lease application.
On behalf of the Board of Directors,
Leading Edge
Materials Corp.
Filip Kozlowski, CEO
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 and
wind power that underpin the sustainability transition of society.
The portfolio of projects include the 100% owned Woxna Graphite
mine (Sweden), Norra Karr HREE
project (Sweden), Bergby lithium
project (Sweden) and the 51% owned
Bihor Sud Nickel Cobalt exploration alliance (Romania).
Additional Information
The Company's consolidated financial statements and related
management's discussion and analysis are available on the Company's
website at www.leadingedgematerials.com or under its profile
on SEDAR at www.sedar.com
The information was submitted for publication through the agency
of the contact person set out above, on June
4, 2020, at 1:15 PM 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". Mangold Fondkommission AB
is the Company's Certified Adviser on Nasdaq First North and may be
contacted via email CA@mangold.se or by phone +46 (0) 8 5030
1550.
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,
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.
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SOURCE Leading Edge Materials