Leading Edge Materials Announces Changes to Board of Directors and Management
Leading Edge Materials Announces Changes
to Board of Directors and Management
VANCOUVER
,
May 4, 2020
/CNW/ -
Leading Edge Materials Corp.
("
Leading Edge Materials
" or
the "
Company
") (
TSXV: LEM
) (
Nasdaq First North: LEMSE
) (
OTCQB: LEMIF
) announces
changes to the Board of Directors and senior Management.
Effective immediately, Mr
Michael Hudson
, Mr
Mark Saxon
and Mr
Filip Kozlowski
have resigned as
Directors of Leading Edge Materials. Mr Hudson and Mr Saxon have served as Directors since the
public listing of the Company.
The Company welcomes
Mr
Lars-Eric Johansson
,
Mr
Daniel Major
and Mr
Eric Krafft
to the
Board of Directors.
Concurrently, Leading Edge Materials announces a change in senior Management with the
appointment of Mr
Filip Kozlowski
, current Director, as CEO. Mr Kozlowski replaces Mr
Mark
Saxon
, former Interim CEO and President, effective immediately.
An expanding interest for European sustainably sourced critical raw materials has encouraged
Leading Edge Materials to pursue mechanisms to accelerate the progress of the Company's
Swedish portfolio. Strengthening of the Board with European focused individuals with deep
development and operational experience is an important step towards this goal.
Mr Johansson has had an extensive career in the mining industry, most recently as President and
CEO of
Ivanhoe Mines
, and previously CFO of Kinross Gold Corporation, Noranda Inc and
Falconbridge Ltd in
Canada
and Vice President and CFO of Boliden Mineral AB in his native
Sweden. Mr Johansson with his Swedish background and unrivaled industry connections is a
valuable addition and has been appointed Non-Executive Chairman of the Board.
Mr
Daniel Major
is a mining engineer from the Camborne School of Mines in the UK and currently
holds the position of CEO for GoviEx Uranium Inc. Mr Major brings extensive operations
background and knowledge of the mining industry.
Mr
Eric Krafft
is a Swedish private investor across a number of different industries and also a
substantial shareholder of the Company (see
press release 20191231
).
All new Directors are based in
Europe
and the addition of their combined skills and experience to the
Leading Edge Materials team shall provide the necessary platform for development of the
Company's portfolio of European critical materials projects.
Mr Kozlowski has been a Director of the Company for three years, and brings unparalleled insight
into Swedish financial, battery and mining markets. Based in
Stockholm
, Mr Kozlowski with support
from the new board is well placed to lead the Company as it progresses the development of the
different assets currently owned by the Company.
Mr Kozlowski, CEO stated "
We thank Mr Saxon for fulfilling the role of Interim CEO for the past
year, and we appreciate his ongoing association as a technical advisor and for Mr Hudson's
contribution as Non-Executive Chairman and Director.
I, together with the new board, look forward
to update existing and prospective shareholders over the near-term on the future development
strategy of the Company."
Mr
Mark Saxon
shall remain available as a technical consultant and Qualified Person for the
Company. Mr
Nick Demare
will retain the position of CFO and Corporate Secretary.
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 development of high value critical
raw materials for the European market. LEM's assets and research focus are towards the raw
materials for Li-ion batteries, high thermal efficiency and materials that improve the efficiency of
energy generation. Investments are linked to the global shift to low-carbon energy generation and
energy storage.
Additional Information
The Company's latest available 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
This information is inside information that Leading Edge Materials Corp. (publ). is obliged to make
public pursuant to the EU Market Abuse Regulation. The information was submitted for publication
through the agency of the contact person set out below, at
May 4, 2020
at
4:45 pm
Vancouver
time.
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 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",
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
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/May2020/04/c1060.html
%SEDAR: 00031410E
For further information:
please contact the Company at: 1.604.685.9316,
[email protected], www.leadingedgematerials.com
CO: Leading Edge Materials
CNW 19:45e 04-MAY-20