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Leading Edge Materials Announces Results of Annual General Meeting of Shareholders
GlobeNewswire News Roomยท 2025-04-23 22:00
Core Points - Leading Edge Materials Corp. held its Annual General Meeting of Shareholders on April 23, 2025, with 94,970,462 common shares represented, accounting for 40.90% of the total votes [2][3] - All matters submitted to shareholders were approved, including the size of the Board being fixed to three members, the approval of a stock options plan allowing for the granting of stock options up to 10% of issued shares, and the appointment of D&H Group LLP as auditors for the upcoming year [3] - Directors Lars-Eric Johansson, Daniel Major, and Eric Krafft were re-elected with 99.96% of votes in favor [4] Stock Options - The company granted stock options to directors, officers, and consultants to purchase a total of 6,850,000 common shares at an exercise price of C$0.24 per share [3] - The options will vest in three tranches: 33% on the grant date, 33% one year after, and 34% two years after the grant date [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 batteries, electric motors, and defense applications [5] - The company's portfolio includes the 100% owned Woxna Graphite mine in Sweden, the 100% owned Norra Karr HREE project in Sweden, and a 51% stake in the Bihor Sud Nickel Cobalt exploration alliance in Romania [5]