LEADING EDGE MATERIALS AND ASCENSION EARTH RESOURCES TEAM UP ON HEAVY RARE EARTHS RECOVERY FROM NORRA KÄRR EUDIALYTE

Core Viewpoint - Leading Edge Materials Corp. has entered into a Memorandum of Understanding (MoU) with Ascension Earth Resources to evaluate the recovery of heavy rare earth elements (HREE) from the Norra Kärr eudialyte deposit in Sweden, aiming to enhance sustainable production in Europe [2][4][6]. Project Evaluation - The MoU stipulates that Leading Edge Materials' subsidiary, Greenna Mineral AB, will provide eudialyte samples from the Norra Kärr deposit for Ascension to conduct laboratory analyses and processing tests using its proprietary technology [3][7]. - The Evaluation Project will focus on assessing the technical and commercial feasibility of rare earth extraction from the HREE-bearing eudialyte mineralization [3][8]. Future Collaboration - Should the evaluation phase yield successful results, both parties are committed to negotiating a definitive collaboration agreement for a larger-scale pilot project [3][7]. Strategic Importance - Norra Kärr is recognized as a strategically significant European rare earth resource, which is crucial for developing a resilient supply chain for critical minerals in Europe [6][10]. Technological Innovation - Ascension Earth Resources is a UK-based company that is developing proprietary technology for rare earth element analysis and recovery, focusing on sustainable practices [11].