Vancouver, March 17, 2021 – Leading Edge
Materials Corp. (“Leading Edge” or the
“Company”) (TSXV: LEM)
(Nasdaq First North: LEMSE) (OTCQB:
LEMIF) through its subsidiary Woxna Graphite AB (“Woxna”)
and Forge Nano, based in Colorado, USA, are pleased to announce
development work on coating of graphite anode material from Woxna
using Forge Nano’s proprietary Atomic Layer Deposition (“ALD”)
technology.
Woxna is developing the downstream processes
required to upgrade the flake graphite products from its
fully-built and permitted graphite mine in central Sweden to active
anode materials that can be sold to lithium-ion battery producers
in Europe. In order to qualify as an active anode material natural
flake graphite has to be milled, spheronised, purified and lastly
coated. The potential added value from the last coating step is
significant. A recent price assessment shows average pricing in
2020 for uncoated natural spherical graphite at around US$3,000 per
tonne and for coated natural spherical graphite between US$7,000
per tonne (domestic China and non-EU) and US$12,000 per tonne
(high-end applications), with an average price of around US9,500
per tome for material used in cells for Western OEMs1.
Forge Nano’s proprietary ALD technology can be used
to apply atomic scale coatings, designed to optimize the
performance of anode materials. Atomic Layer Deposition can improve
anode materials in several ways:
- Increased cycle life
- Increased charge rate
- Increased conductivity
- Improved safety with high performance
Compared with traditional coating technologies
Forge Nano’s ALD coatings offer added benefits such as ability to
control the thickness of the coating at nano scale, lower costs,
reduced carbon footprint and equipment ready for commercial scale
production. As part of the agreement Woxna will send samples of
spherical purified graphite to Forge Nano for coating, performance
testing and evaluation against other previously carbon coated Woxna
spherical graphite materials. If successful, the agreement outlines
a path to purchase equipment from Forge Nano with a capacity suited
for deployment in a future demonstration plant at the Woxna
graphite mine.
Filip Kozlowski, CEO of Leading Edge states
“Coating is the last and most valuable step towards becoming a
future active anode materials producer in Europe. Being offered the
opportunity to collaborate with a market leader in this field like
Forge Nano is a great step forward for the Woxna Graphite project.
The advantages of Forge Nano’s ALD coating for anode materials are
well documented and with the support of some significant European
investors in the battery value chain their technology could be the
perfect solution to enable a sustainable source of high-performance
active anode materials from Sweden.”
Paul Lichty, CEO of Forge Nano commented “Partners
like Leading Edge Materials are essential in bringing new
technologies to life. With the global demand for energy storage
solutions being at an all-time high, our partners around the world
are leading the way in advancing battery technology. We are excited
to pair our proven ALD coating technology, with such high-quality
materials to make better and more reliable batteries.”
The Woxna graphite mine and production facility is
comprised of four graphite deposits, an open pit mine, a permit to
process 100,000 tonnes of mineralized material per annum, a
processing plant and tailings dam, located approximately 3.5 hour
drive north of Stockholm. Development has been directed towards the
possible production and modification of high purity graphite using
thermal purification technologies for emerging high growth high
value markets such as the lithium-ion battery industry. The thermal
purification process offers a number of advantages versus
traditional methods of purification, such as higher quality
materials, better performance, and thanks to access to hydropower a
minimal carbon footprint.
On behalf of the Board of
Directors, Leading Edge Materials
Corp.
Filip Kozlowski, CEO
For further information, please contact the
Company at: info@leadingedgematerials.com
www.leadingedgematerials.com
Follow us Twitter:
https://twitter.com/LeadingEdgeMtls Linkedin:
https://www.linkedin.com/company/leading-edge-materials-corp/
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 batteries for electromobility and energy
storage and permanent magnets for electric motors and wind power
that underpin the clean energy transition towards climate
neutrality. The portfolio of projects includes the 100% owned Woxna
Graphite mine (Sweden), Norra Kärr HREE project (Sweden) and the
51% owned Bihor Sud Nickel Cobalt exploration alliance
(Romania).
About Forge Nano
Based in Denver, CO., Forge Nano is a global leader
in surface engineering and precision nano-coating technology, using
Atomic Layer Deposition. Forge Nano’s proprietary technology and
manufacturing processes make angstrom-thick coatings fast,
affordable and commercially viable for a wide range of materials,
applications, and industries. Forge Nano’s suite of ALD and PALD
products and services covers the full spectrum from lab-scale tools
to commercial-scale manufacturing systems. For more information
visit www.ForgeNano.com
Additional Information
The information was submitted for publication
through the agency of the contact person set out above, on March
17, 2020 at 7.45am 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” under applicable Canadian
securities laws, including statements regarding 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 information. Investors
are cautioned that any such forward-looking information is not a
guarantee of future business activities and involves risks and
uncertainties, and that the Company’s future business activities
may differ materially from those in the forward-looking information
as a result of various factors, including, but not limited to,
fluctuations in market prices, risks relating to the inability of
the parties to satisfy the conditions precedent to the closing of
the Agreement, 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.
1 Benchmark Mineral Intelligence, “Uncoated &
Coated Spherical Graphite Market Overview” produced for Leading
Edge Materials Corp., January 2021
- 20210317 LEM to commence testing of ALD coating of graphite
anode materials
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