CABs ENDORSE NORRA KARR MINING LEASE APPLICATION

Core Viewpoint - Leading Edge Materials Corp. has received endorsements from the County Administrative Boards (CABs) of Jönköping and Östergötland for its application for a 25-year mining lease for the Norra Kärr project, marking a significant step in the permitting process [1][2][3] Group 1: Endorsement and Permitting Process - The CABs' endorsement is a crucial part of the mandatory consultation process for mining permits in Sweden, allowing the Mining Inspectorate to make the final decision on the application [2] - The endorsement indicates that the company has complied with all necessary permitting procedures and addressed the CABs' information requirements [3][4] Group 2: Future Steps and Environmental Considerations - Following this endorsement, the next phase will involve obtaining an environmental permit, which will comprehensively address all environmental impact questions, including water [4] - The successful granting of the Exploitation Concession would provide the company exclusive rights to develop the Norra Kärr deposit for a period of 25 years [4] Group 3: Company Overview - Leading Edge Materials is focused on developing critical raw material projects in the European Union, which are essential for high-growth technologies such as lithium-ion batteries and permanent magnets [5] - The company's portfolio includes the 100% owned Woxna Graphite mine and the Norra Kärr Heavy Rare Earth Elements project, as well as a 51% stake in the Bihor Sud Nickel Cobalt exploration alliance in Romania [5]