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LEADING EDGE MATERIALS ANNOUNCES CLOSING OF PREVIOUSLY ANNOUNCED NON-BROKERED PRIVATE PLACEMENT
Globenewswire· 2025-08-15 21:30
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].
LEADING EDGE MATERIALS ANNOUNCES UPDATE ON NON-BROKERED PRIVATE PLACEMENT
Globenewswire· 2025-07-17 21:30
Core Viewpoint - Leading Edge Materials Corp. is extending the closing date of its non-brokered private placement by 30 days, maintaining the original terms of the offering which aims to raise up to C$4,000,000 through the issuance of up to 25,000,000 units at a price of C$0.16 per unit [2][3]. Group 1: Private Placement Details - The private placement was initially announced on June 10, 2025, and the terms remain unchanged with no material changes in the company's affairs since that 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 [3]. - The private placement is directed towards Canadian, Nordic, and other international investors, with all securities subject to a hold period of four months and one day from the closing date [5]. Group 2: Insider Participation and Regulatory Compliance - Certain insiders of the company are expected to participate in the private placement, which is classified as a "related party transaction" under Multilateral Instrument 61-101 [4]. - The company plans to rely on exemptions from formal valuation and minority shareholder approval requirements, as the value of the units subscribed by insiders will not exceed 25% of the company's market capitalization at the time of the announcement [4]. - The private placement is contingent upon receiving all necessary regulatory approvals, including those from the TSX Venture Exchange [5]. 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 related to clean energy [10]. - The company's portfolio includes the 100% owned Woxna Graphite mine in Sweden, the 100% owned Norra Karr Heavy Rare Earth Elements project in Sweden, and a 51% owned Nickel Cobalt exploration alliance in Romania [10].
LEADING EDGE MATERIALS ANNOUNCES UP TO $4,000,000 NON-BROKERED PRIVATE PLACEMENT
Globenewswire· 2025-06-11 06:30
Core Viewpoint - Leading Edge Materials Corp. plans to conduct a non-brokered private placement of up to 25,000,000 units at a price of C$0.16 per unit, aiming for total gross proceeds of up to C$4,000,000 [2][3]. Group 1: Private Placement Details - The private placement will consist of units, each comprising one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at C$0.32 until four years from the closing date [4]. - The company anticipates participation from certain insiders, which will be considered a related party transaction, but expects to rely on exemptions from formal valuation and minority shareholder approval requirements [5]. - The placement targets Canadian, Nordic, and other international investors, with all securities subject to a hold period of four months and one day from the closing date [6]. Group 2: Use of Proceeds - The net proceeds from the private placement will be allocated to the company's projects in Sweden and Romania, as well as for general working capital and corporate purposes [3]. Group 3: Regulatory and Compliance Information - The private placement is subject to necessary regulatory approvals, including that of the TSX Venture Exchange [6]. - The securities will not be registered under U.S. securities laws and cannot be offered or sold in the U.S. without registration or an applicable exemption [8][20].
Leading Edge Materials Announces Change of Swedish Certified Adviser to SVENSK KAPITALMARKADSGRANSKNING ("SKMG")
Globenewswire· 2025-06-09 21:30
Core Viewpoint - Leading Edge Materials Corp. has announced a change in its Certified Adviser to Svensk Kapitalmarkadsgranskning (SKMG) for the Nasdaq First North Growth Market in Stockholm, effective June 16, 2025 [1][2]. Company Overview - Leading Edge Materials is a Canadian public company 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 [3]. - The company's portfolio includes the 100% owned Woxna Graphite mine in Sweden, the 100% owned Norra Kärr Heavy Rare Earth Elements project in Sweden, and a 51% owned Nickel Cobalt exploration alliance in Romania [3]. Transition Details - SKMG will take over the role of Certified Adviser from Mangold Fondkommission AB, which has been serving in this capacity since June 2018 [2]. - The company expressed gratitude to Mangold for their support during this period [2]. Additional Information - The announcement was made public on June 9, 2025, at 14:30 AM Vancouver time [4]. - Leading Edge Materials is listed on multiple exchanges, including TSXV under the symbol "LEM", OTCQB under "LEMIF", and Nasdaq First North Stockholm under "LEMSE" [4].
Leading Edge Materials Announces Results of Annual General Meeting of Shareholders
GlobeNewswire News Room· 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]
Leading Edge Materials Announces Results of Annual General Meeting of Shareholders
Globenewswire· 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 outstanding shares [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 issuance of options up to 10% of outstanding shares, and the appointment of D&H Group LLP as auditors for the upcoming year [3][4] Board of Directors - Lars-Eric Johansson, Daniel Major, and Eric Krafft were re-elected as directors, each receiving 99.96% of votes in favor [4] - The number of votes withheld for each director was minimal, indicating strong support from shareholders [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 later, and 34% two years later [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 and electric motors [5] - The Company’s portfolio includes the Woxna Graphite mine and the Norra Karr HREE project in Sweden, as well as a nickel-cobalt exploration alliance in Romania [5]