LEADING EDGE MATERIALS ANNOUNCES CLOSING OF PREVIOUSLY ANNOUNCED NON-BROKERED PRIVATE PLACEMENT

Core Points - Leading Edge Materials Corp. has successfully closed a non-brokered private placement financing, initially announced on June 10, 2025, raising gross proceeds of C$2,838,160 by issuing 17,738,500 units at a price of C$0.16 per unit [2][4]. Group 1: Private Placement Details - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at a price of C$0.32 until four years from the closing date [3]. - The net proceeds from the private placement will be utilized for the company's projects in Sweden and Romania, as well as for general working capital and corporate purposes [4]. - A finder's fee of 6% was paid to a third party on a portion of the private placement, which is subject to final approval from the TSX Venture Exchange [4]. Group 2: Insider Participation - Insiders of the company purchased a total of 10,666,000 units in the private placement, which is classified as a "related party transaction" under Multilateral Instrument 61-101 [6]. - Mr. Eric Krafft, a director of the company, acquired 10,666,000 common shares, increasing his total holdings to approximately 38.30% of the issued and outstanding common shares on a non-diluted basis and 48.28% on a partially diluted basis [7]. Group 3: Company Overview - Leading Edge Materials is focused on developing critical raw material projects in the European Union, including the Woxna Graphite mine in Sweden and the Norra Kärr Heavy Rare Earth Elements project [12]. - The company is positioned to benefit from the growing demand for critical raw materials linked to high-growth technologies such as lithium-ion batteries and permanent magnets [12].