LEADING EDGE MATERIALS REPORTS QUARTERLY RESULTS TO JULY 31, 2025

Core Insights - Leading Edge Materials Corp. reported a net loss of C$611,307 for the three months ended July 31, 2025, a significant improvement compared to a net loss of C$1,179,168 in the previous quarter [3][4] - The company successfully closed a non-brokered private placement financing, raising gross proceeds of C$2,838,160 by issuing 17,738,500 units at C$0.16 per unit [2] - The company is strategically positioned within the evolving landscape of critical raw materials, particularly in light of geopolitical dynamics affecting supply chains [9][10] Financial Performance - The net loss for Q3 2025 decreased by C$567,861 compared to Q2 2025, primarily due to reduced share-based compensation expenses and a foreign exchange gain [3] - Year-over-year, the net loss for Q3 2025 decreased by C$210,931 compared to Q3 2024, attributed to lower research and development expenses and a foreign exchange gain [4] - As of July 31, 2025, the company had an accumulated deficit of C$51,812,349 and working capital of C$679,695 [8] Project Developments - The Woxna Graphite Mine is maintained in a production-ready state while minimizing operational costs, with ongoing efforts to evaluate a potential restart of flake graphite concentrate production [8][13] - The Norra Kärr Heavy Rare Earth Element project is progressing through the application process for a new 25-year mining lease, with a decision anticipated in Q4 2025 [16] - The company is conducting a Pre-feasibility Study for the Norra Kärr project, targeting completion in H1 2026, which includes mineral processing trials and market evaluations [17] Market Context - The European Union's recent negotiations to relax China's export restrictions on rare earth elements highlight the urgent need for secure supply chains, positioning the Norra Kärr project as strategically relevant [10][12] - International governments are actively supporting rare earth element mining initiatives, enhancing investor confidence and establishing critical supply infrastructure [11][12] - The company is exploring financing options for its Bihor Sud Nickel-Cobalt exploration project, which has significant historical mining data indicating valuable mineral deposits [18][19]