VANCOUVER, Oct. 12, 2018 /CNW/ - Leading Edge Materials Corp. ("Leading Edge Materials") or (the "Company") (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) reports that the Company's Swedish subsidiary Tasman Metals AB has been granted membership of the Swedish Association of Mines, Mineral and Metal Producers (Svemin).
Svemin represents approximately 40 companies at all stages of Swedish extractive industries. Svemin provides a single point of contact for government and community to liaise and engage with the exploration and mining industry and defines a "code of conduct" to which all members agree to adhere. Svemin has recently published an extensive policy document entitled "Guidance for Exploration in Sweden" which provides an excellent overview of the Swedish exploration and mining industry (https://www.svemin.se/english/publications-and-downloads/).
Leading Edge Materials is a long term and active participant in the Swedish mining industry, in particular towards the discovery and production of critical and battery raw materials. The Nordic region is very well placed for production of the materials essential for a transition to renewable energies and electrification.
Blair Way, President and CEO, stated "While we acknowledge the recent challenges in permitting of some mining projects in Sweden, we are happy to take a long-term industry view and add our voice to improving the system for all stakeholders through Svemin. Sweden has a long history of raw material extraction and innovation, and the recent surging demand for critical and battery raw materials provides an excellent opportunity for Sweden to remain an industry leader. Leading Edge Materials is proud to be at the forefront of the renewable energy and electrification transition."
On behalf of the Board of Directors,
Leading Edge Materials Corp.
Mr. Blair Way, President and CEO
About Leading Edge Materials
Leading Edge Materials is a Canadian public company focused on production of high value critical raw materials for the European market, with an operating base in the Nordic region, a region well recognized for its promotion and investment in innovation. LEM's flagship asset is the Woxna Graphite production facility located in central Sweden targeting the supply of specialty materials for lithium ion battery production. LEM's assets and research focus are towards the raw materials for Li-ion batteries (graphite, lithium, cobalt); materials for high thermal efficiency building products (graphite, silica, nepheline); and materials that improve the efficiency of energy generation (dysprosium, neodymium, hafnium). Investments are linked to the global shift to low-carbon energy generation and energy storage. Leading Edge Materials currently operate in four divisions, Graphite, Lithium, Rare Earth and Cobalt. Mangold Fondkommission AB is the Company's Certified Adviser ("CA") as part of the listing requirements for Nasdaq First North.
Leading Edge Materials is listed on the TSXV under the symbol "LEM" and Nasdaq First North Stockholm under the symbol " LEMSE". Mangold Fondkommission AB is the Company's CA on Nasdaq First North and may be contacted at +46 (0) 8 5030 1550.
This news release may contain statements which constitute "forward-looking information", including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors, including, but not limited to, fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.
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SOURCE Leading Edge Materials
For further information: please contact the Company at: 1.604.685.9316, email@example.com, www.leadingedgematerials.com