LEADING EDGE MATERIALS REPORTS QUARTERLY RESULTS TO APRIL 30, 2025

Core Viewpoint - Leading Edge Materials Corp. reported a net loss of CAD 1,179,168 for the fiscal period ending April 30, 2025, reflecting increased operational expenses and foreign exchange losses, while continuing to advance its critical raw material projects in Europe. Group 1: Quarterly Highlights - The Company updated its Rapid Development Plan for the Norra Kärr project, aiming for production of HREE-rich eudialyte concentrate and industrial mineral nepheline syenite in the shortest possible timeframe [2] - An update on Woxna Graphite was provided, considering options for restarting operations and producing high-quality flake graphite concentrate [3] - The Company highlighted the geopolitical competition over critical raw materials in relation to the European Commission's Joint White Paper for European Readiness 2030 [4] - Norra Kärr was not included in the EU's first list of Strategic Projects under the Critical Raw Materials Act, with plans to reapply in the next round [5] - Stock options were granted to directors, officers, and consultants for a total of 6,850,000 common shares at an exercise price of CAD 0.24 [6] Group 2: Financial Results - For Q2 2025, the Company reported a net loss of CAD 1,179,168, an increase of CAD 509,952 from Q1 2025, primarily due to share-based compensation expenses of CAD 585,529 [7] - Compared to Q2 2024, the net loss increased by CAD 319,639, again driven by higher share-based compensation expenses [8] - The Company had an accumulated deficit of CAD 51,201,042 and working capital of CAD 1,191,514 as of April 30, 2025 [12] Group 3: Project Developments - The Company is developing a phased, small-scale start for the Norra Kärr project to enable early access to deposits and initial sales [18] - Testwork on nepheline syenite and aegirine has been completed, with promising results informing potential market segments and pricing [19] - Exploration activities at the Bihor Sud Nickel-Cobalt project are ongoing, with encouraging results from underground mapping and drilling [22] Group 4: Industry Context - The G7 Critical Minerals Action Plan was announced, focusing on diversifying the production and supply of critical minerals [15] - Sweden's role in critical raw materials was emphasized, with government officials highlighting the country's sustainable mining practices [17]