European Commission Officially Launches European Raw Materials Alliance
European Commission Officially Launches European Raw
Materials Alliance
VANCOUVER, BC
,
Sept. 29, 2020
/CNW/ -
Leading Edge Materials Corp.
("
Leading Edge Materials
" or the "
Company
") (TSXV:
LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) is pleased to report on today's official launch of the European Raw Materials
Alliance which was announced by the European Commission as part of an Action Plan on Critical Raw Materials
1
earlier in
September.
The European Raw Materials Alliance ("ERMA") will be managed by EIT Raw Materials
2
and overseen by the European commission
in the context of a secure and sustainable access to critical raw materials being considered a key enabler for delivering the European
Green Deal. Initial focus will be rare earth and magnet value chains before extending to other raw materials required for
Europe's
green and digital transitions. To achieve its goals, ERMA will target deliverables such as an inclusive
stakeholder consultation
process
, support EU industrial policy to
mitigate regulatory and financing bottlenecks
, set up
a Raw Materials Investment
Platform to stimulate investment into key projects
, and lastly to
promote public awareness and acceptance
on the role of
critical raw materials and their role in the transition to a green and digital economy. The deliverables will be targeted through two
workstreams,
value chain-specific consultation processes
and an
investment channel for raw materials projects
. The
consultation processes will primarily address raw material challenges along industrial ecosystems, provide tailored solutions to
industry needs and unlock regulatory bottlenecks. The investment channel will select and prioritize cases to secure primary and
secondary raw materials supply for European industrial ecosystems, launch a platform to bring investors and investees together,
define case-specific financing strategies and mechanisms and assess EU funding opportunities and financing sources for investment
opportunities inside and outside
Europe
. More information on ERMA is found at
www.erma.eu
.
Filip Kozlowski
, CEO states
"As a founding stakeholder in the European Raw Materials Alliance, Leading Edge Materials is looking
forward to working with EIT Raw Materials, current and future stakeholders to deliver on the goals of the European Commission to
achieve a secure and sustainable supply of critical raw materials to deliver on the European Green Deal. Our portfolio of projects
all located within the EU - the Norra Karr heavy rare earth element project, the Woxna Graphite mine, the Bergby lithium project
and the Bihor Sud Nickel-Cobalt exploration alliance - is directly aligned with the objectives of the alliance. I commend EIT Raw
Materials in their preparatory work on ERMA which has successfully addressed the most pressing challenges facing primary
critical raw material sources in the EU from being developed, namely de-risking projects across the value chain, promoting public
awareness and acceptance and unlocking investment channels for key projects aligned with EU policy."
On behalf of the Board of Directors,
Leading Edge Materials Corp.
Filip Kozlowski
, CEO
About Leading Edge Materials
Leading Edge Materials is a Canadian public company focused on developing a portfolio of critical raw material projects located in
the European Union. Critical raw materials are determined as such by the European Union based on their economic importance and
supply risk. They are directly linked to high growth technologies such as lithium-ion batteries and permanent magnets for electric
motors and wind power that underpin the sustainability transition of society. The portfolio of projects includes the 100% owned
Woxna Graphite mine (
Sweden
), Norra Karr HREE project (
Sweden
), Bergby lithium project (
Sweden
) and the 51% owned Bihor Sud
Nickel Cobalt exploration alliance (
Romania
).
___________________
1
https://ec.europa.eu/commission/presscorner/detail/en/IP_20_1542
2
https://eitrawmaterials.eu/
Additional Information
The Company's consolidated financial statements and related management's discussion and analysis are available on the Company's
website at
www.leadingedgematerials.com
or under its profile on SEDAR at
www.sedar.com
The information was submitted for publication through the agency of the contact person set out above, on
September 29, 2020
,
12:00 PM Vancouver time.
Leading Edge Materials is listed on the TSXV under the symbol "LEM", OTCQB under the symbol "LEMIF" and Nasdaq First North
Stockholm under the symbol "LEMSE". Mangold Fondkommission AB is the Company's Certified Adviser on Nasdaq First North and
may be contacted via email
or by phone +46 (0) 8 5030 1550.
Reader Advisory
This news release may contain statements which constitute "forward-looking information" under applicable Canadian securities
laws, including statements regarding
the Company's expectation on the European Raw Materials Alliance, the Company's
objectives and expectations regarding Norra Karr, Woxna, Bergby and Bihor Sud; as well as 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 information. Investors are cautioned that
any such forward-looking information is not a guarantee of future business activities and involves risks and uncertainties, and that
the Company's future business activities may differ materially from those in the forward-looking information 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.
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For further information:
please contact the Company at: 1.604.685.9316, [email protected],
www.leadingedgematerials.com
CO: Leading Edge Materials
CNW 15:00e 29-SEP-20