VANCOUVER, July 27, 2017 /CNW/ - Leading Edge Materials
Corp. ("Leading Edge Materials") or (the "Company") (TSXV:LEM)
(OTCQB: LEMIF) is pleased to announce the partnering with Northvolt
AB as a part of an innovation project agreement with InnoEnergy for
the establishment of a Large Scale Battery Manufacturing Project in
Sweden. The aim of the project is
that LEM will contribute to the production of battery cells through
qualification of sustainably produced natural graphite.
The project is focused on developing the conditions for a local
source, very low CO2 impact and leading cost structure for battery
cell manufacturing.
Blair Way, President and CEO,
stated "This is an exciting time for the lithium ion battery
market and we are very pleased to be a part of such an important
project in the EU. The demand for lithium ion batteries is
forecast to be strong as the world shifts to low emission transport
and storage options. It is an excellent opportunity to
participate in a program such as this to demonstrate our ability to
be an important part of the supply chain for large scale lithium
ion battery manufacturing."
On behalf of the Board,
"Blair
Way"
Blair Way, President & CEO
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.
About Northvolt
Electrification and renewable energy
storage are the keys to a carbon neutral society. Batteries will
enable the transition. The auto industry alone will need batteries
in huge numbers to replace fossil fuels with electricity. The
ability to store energy is also crucial to free the world's energy
generation and distribution from coal, oil and natural gas.
Northvolt accelerates this transition by building Europe's largest battery factory.
About InnoEnergy
InnoEnergy is the innovation engine
for sustainable energy across Europe. They support and invest in innovation
at every stage of the journey – from classroom to end-customer.
With their network of over 320 partners they build connections
across Europe, bringing together
inventors and industry, graduates and employers, researchers and
entrepreneurs, businesses and markets. Working together, they
accelerate the development of market-ready solutions, and create a
fertile environment in which they can sell the innovative results
of their work.
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, the Company's expectations
regarding the lithium ion battery market, the successful
establishment of a large scale battery manufacturing project in
Sweden; graphite production at
Woxna, the Company's preliminary economic assessment on Woxna is no
longer current or valid as a result of the filing of a new NI
43-101 Technical Report effective March 24,
2015, and the Company has no plans to complete a new
preliminary economic assessment, a pre-feasibility or feasibility
study on the project, as such there is an increased risk of
technical and economic failure for the Woxna graphite project;
unexpected geological conditions; exploration activities to advance
other critical material projects of the Company 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