Leading Edge Materials Updates the Norra Kärr Rare Earth Element Project Permit Application Process
VANCOUVER, June 15, 2018 /CNW/ - Leading Edge Materials Corp. ("Leading Edge Materials") or (the Company") (TSXV: LEM) (OTCQB: LEMIF) (Nasdaq First North: LEMSE) provides an update on the Norra Kärr rare earth element ("REE") project permit application process in Sweden.
In January 2018, Leading Edge Materials submitted supplementary information to the Swedish Mining Inspectorate ("Bergsstaten") with regard to the Norra Kärr Mining Lease application. As part of the review process, the Bergsstaten forwarded this supplementary information to various stakeholders for opinion, including the County Administration Board ("Länsstyrelsen"). The Länsstyrelsen has published their response in Sweden today, requesting further information before an opinion on the Norra Kärr Mining Lease application can be delivered.
Leading Edge Materials are reviewing this new request and will provide additional information as and when required by Bergsstaten to progress the Mining Lease application.
On behalf of the Board,
"Blair Way"
Blair Way, President & CEO
Qualified Person
The qualified person for the Company's project, Mr. Mark Saxon, a Director of the Company and a Fellow of the Australasian Institute of Mining and Metallurgy, has reviewed and verified the contents of this document.
About Leading Edge Materials
Leading Edge Materials was formed with our sights firmly focused on the material demands of a once-in-a-generation revolution, as the world shifts to the efficient production, storage and preservation of low carbon energy. From the lithium batteries in our electric vehicles to our ability to generate energy from the sun, wind and waves LEM is focused on the green energy markets. With a focus on Europe and assets in innovation-rich Scandinavia, Leading Edge Materials is ideally placed to play a pivotal role in the sustainable supply of critical technology materials.
Additional Information
Leading Edge Materials is listed on the TSXV under the symbol "LEM" and Nasdaq First North Stockholm under the symbol "LEMSE". Remium Nordic AB is the Company's Certified Adviser on Nasdaq First North.
This information is information that Leading Edge Materials is required to make public pursuant to the EU Market Abuse Regulation. This information was submitted for publication, through the agency of the contact person set out above, on June 15, 2018 at 6:00 AM Vancouver Time.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.
Forward-Looking Information. This news release may contain forward-looking statements and information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Such statements include but are not limited to, unexpected geological conditions; the Company's expectations regarding exploration activities to advance critical material projects for energy storage markets, delays in obtaining or failure to obtain necessary permits and approvals from government authorities. Although such statements are based on management's reasonable assumptions, there are risk factors which could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
SOURCE Leading Edge Materials
For further information: 1.604.685.9316 or [email protected], www.leadingedgematerials.com
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