VANCOUVER,
Nov. 6, 2018 /CNW/
- Leading Edge Materials Corp. ("Leading Edge
Materials" or the "Company") (TSXV: LEM)
(Nasdaq First North: LEMSE) (OTCQB: LEMIF) following
a recent on-site technical review, the Company is pleased to
provide an update regarding the progress of its Romanian
Exploration Alliance (see press release dated
9 August
2018). The Exploration Alliance is
focused on the discovery and development of lithium ion battery raw
materials.
The principal efforts of the Exploration Alliance to date
has been directed towards cobalt mineralization within the Upper
Cretaceous Carpathian magmatic belt of the Balkan region. The
Carpathian is a well mineralized intrusive arc that extends from
Western Turkey to Hungary, forming the western end of the
Tethyan Metallogenic Belt.
Following technical and commercial due diligence, Leading
Edge Materials established a local branch company ("LEM
Romania") of which it is the
majority shareholder with the right to earn a 90% interest.
LEM Romania is owner of the 25.5 sq km (2,550 ha) Bihor Sud
Prospecting Permit in central western Romania. Bihor Sud lies within the same
intrusive belt and less than 400km north of Nevsun
Resources Ltd.'s Timok copper-gold project in
Serbia which is currently subject to a friendly
takeover bid by Zijin Mining Group Co. Ltd.
Other notable deposits in the West Tethyan Metallogenic Belt
include Skouries, Chelopech, Bor and Majdanpek.
Staff and consultants to LEM Romania have been active on
Bihor Sud Prospecting Permit over the summer period, compiling
historic data, sampling historic mine waste dumps, completing
preliminary ground geophysics and soil sampling. Review of
progress and results to date are considered highly encouraging, and
it is anticipated that LEM Romania shall proceed to Exploration
License application across prospective areas.
Blair Way, President and
CEO, stated "Our Exploration Alliance in Romania is making good progress, with an
experienced team in place and work underway on a number of high
potential cobalt prospects. We look forward to sharing
project details as we progress to an Exploration License
application".
Qualified Person
The technical content of this release has been reviewed
and approved by Mr. Blair Way, B.Sc.
(Geology) M.B.A., a Fellow of the Australasian Institute of Mining
and Metallurgy, the Company's President and CEO and a Qualified
Person as defined by National Instrument 43-101.
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 operates 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.
Additional Information
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.
Reader Advisory
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.
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Leading Edge Materials