2023-01-25 20:30:00

LEADING EDGE MATERIALS REPORTS FISCAL 2022 RESULTS

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Benzinga
By Globe Newswire

LEADING EDGE MATERIALS REPORTS FISCAL 2022 RESULTS

Vancouver, January 25, 2023 Leading Edge Materials Corp. ("Leading Edge Materials" or the "Company") LEM (Nasdaq First North: LEMSE) LEMIF (FRA: 7FL) announces results for the fiscal year ending October 31, 2022. All references to dollar amounts in this release are in Canadian dollars.

Highlights During and After Fiscal 2022

During the fiscal year ended October 31, 2022, the Company:

  • On October 15, 2022, the Company received confirmation that NAMR approved the first-year exploration program for the Bihor Sud exploration license.
  • On August 30, 2022, the Company announced a change in senior Management with the resignation of Mr. Filip Kozlowski, CEO of the Company, effective as of October 14, 2022. Mr. Eric Krafft, Director of the Company was named interim CEO.
  • On July 28, 2022, the Company appointed Manuela Balaj-Coroiu as Company Secretary.
  • On July 15, 2022, the Company received confirmation that NAMR approved the first-year exploration program for the Bihor Sud exploration license.
  • On June 21, 2022, the Company took a decision to initiate a Natura 2000 permit application process for the Norra Karr project and retract the appeal against the mining lease rejection for Norra Karr.
  • On May 17, 2022, the Company signed Bihor Sud Exploration License between the Company's subsidiary LEM Romania SRL and National Agency for Mineral Resources, Romania ("NAMR").
  • On April 28, 2022, the Company held its Annual and Special Meeting of Shareholders.
  • On March 31, 2022, Norra Karr Exploration License Remains in Full Force After Court Decision.
  • On February 11, 2022, the Company commenced an evaluation to restart graphite production at Woxna Mine due to improved market conditions.
  • On January 27, 2022, the Company granted an aggregate of 3,200,000 common shares (the "Optioned Shares") of the Company, at exercise price of C$0.62 per option, expiring on the date that is three years from the date of grant to its directors, officers, employees, and consultants.

After the fiscal year ended October 31, 2022, the Company:

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