VANCOUVER, Jan. 7, 2019 /CNW/ - Leading Edge
Materials Corp. ("Leading Edge Materials" or the
"Company") (TSXV: LEM) (OTCQB: LEMIF)
(Nasdaq First North: LEMSE) is pleased to announce the
commencement of a formal internal corporate strategic review (the
"Strategic Review"), led by Chairman of the Company Mr.
Michael Hudson and Mr. Filip Kozlowski, an independent director of the
Company.
The Board of Directors of the Company (the "Board") has
received feedback from shareholders that the current trading price
of its common shares does not adequately reflect the underlying
value of the Company and its portfolio of individual assets. The
Board shares this view and has initiated a Strategic Review to
identify, examine and consider all potential opportunities towards
enhancing shareholder value and enable Leading Edge Materials to
accelerate customer engagement in the rapidly developing European
battery materials industry.
Potential recommendations from the Strategic Review may include,
but are not limited to, a sale, joint venture or spin-out of any of
the Company's individual assets and/or a change in the Company's
management structure. While there is no fixed timeline for the
Strategic Review, the Company will disclose developments with
respect to the review process if a potential transaction is
identified and/or further disclosure is required. The Board
cautions that there is no assurance or guarantee that any potential
transaction identified by the Strategic Review will be
pursued.
Leading Edge Materials key assets presently include the fully
built and permitted Woxna graphite mine in Sweden, and the Bihor Sud cobalt-copper-nickel
project in Romania, both of which
are high merit and unique projects within the European raw material
sector.
Mr. Michael Hudson, Chairman of
the Company stated, "The Board is keen to investigate strategies
that will maximize value for Leading Edge Materials and its
shareholders. Meanwhile, we continue to execute on our mandate to
position Leading Edge Materials as a key player in the growing
market for sustainably sourced strategic and critical raw
materials, enabling a new energy paradigm for current and future
generations."
On behalf of the Board of Directors, Leading Edge
Materials Corp.
Mr. Michael Hudson, Chairman
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.
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 via email
CA@mangold.se or by phone +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 the policies of the TSX
Venture Exchange) accept responsibility for the adequacy or
accuracy of this news release.
SOURCE Leading Edge Materials