Leading Edge Materials Announces Strategic Review
Leading Edge Materials Announces Strategic
Review
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
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
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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 08:30e 07-JAN-19