Leading Edge Materials Reports Quarterly Results to July 31, 2025
NEWS RELEASE September 19, 2025
LEADING EDGE MATERIALS CORP.
14th Floor 1040 West Georgia Street, Vancouver, BC, V6E 4H1
[email protected] | www.leadingedgematerials.com
TSX.V: LEM | Nasdaq First North: LEMSE | OTCQB: LEMIF | FRA: 7FL
LEADING EDGE MATERIALS REPORTS QUARTERLY RESULTS TO JULY 31, 2025
Vancouver, July 31, 2025 – Leading Edge Materials Corp. (“Leading Edge Materials” or the “Company”)
(TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) (FRA: 7FL) announces results for the fiscal period
ending July 31, 2025. All references to dollar amounts in this release are in Canadian dollars.
Highlights During and After the Quarter
During the three months ended July 31, 2025:
• On June 9, 2025, the Company announced signing of an agreement with Svensk
Kapitalmarknadsgranskning (“SKMG”) for an assignment as Certified Adviser for the Nasdaq First North
Growth Market (Stockholm).
After nine months ended July 31, 2025:
• On August 15, 2025, the Company closed the non -brokered private placement financing (the “Private
Placement”) previously announced on June 10, 2025. Pursuant to the Private Placement, the Company has
issued 17,738,500 units (the “Units”) at a price of C$0. 16 per Unit for aggregate gross proceeds of
C$2,838,160.
Results of Operations
Three Months Ended July 31, 2025, Compared to Three Months Ended April 30, 2025
During the three months ended July 31, 2025 (“Q3 2025”) the Company reported a net loss of $611,307
compared to a reported net loss of $1,179,168 for the three months ended April 30, 2025 (“Q2 2025”), a decrease
in loss by $567,861, the decrease in loss mainly due to share based compensation expenses of $208,322 (Q2
2025 - $585,529) and foreign exchange gain of $80,335 (Q2 2025 loss - $117,063).
Three Months Ended July 31, 2025, Compared to Three Months Ended July 31, 2024
During the three months ended July 31, 2025 (“2025 period”), the Company reported a net loss of $611,307
compared to a net loss of $822,238 for the three months ended July 31, 2024 (“2024 period”), a decrease in loss
of $210,931, the decrease in loss mainl y due to Research, development and general exploration expenses of
$10,526 (Q3 2024 - $192,866), share based compensation expenses of $208,322 (Q3 2024 - $133,295) and
foreign exchange gain of $80,335 (Q3 2024 loss - $21,253).
2
Selected Financial Data
The following selected financial information is derived from the unaudited condensed consolidated interim
financial statements of the Company prepared in accordance with IFRS.
Fiscal 2025 Fiscal 2024 Fiscal 2023
Three Months Ended July 31,
2025
$
April 30,
2025
$
January 31,
2025
$
October
31,
2024
$
July 31,
2024
$
April 30,
2024
$
January 31,
2024
$
October
31,
2023
(Restated)
$
Operations
Expenses
(697,621)
(1,070,402)
(696,037)
(97,209)
(797,070)
(863,745)
(660,617)
(457,890)
Other items
86,314
(108,766)
26,821
(222,820)
(25,168)
4,216
(25,311)
195,209
Comprehensive
profit/(loss)
(611,307)
(1,179,168)
(669,216)
(320,029)
(822,238)
(859,529)
(685,928)
(262,681)
Basic Profit/(loss) per
share (0.00) (0.01) (0.00) (0.00) (0.00) (0.01) (0.00) (0.00)
Diluted profit/(loss) per
share (0.00) (0.01) (0.00) (0.00) (0.00) (0.01) (0.00) (0.00)
Financial Position
Working capital
679,695
1,191,514
2,198,641
3,337,686
3,973,458
1,610,635
2,316,098
2,713,098
Total assets
29,503,036
28,361,774
28,480,311
29,343,716
28,454,783
24,991,481
26,003,943
25,512,111
Total non-current
liabilities
(6,806,650)
(6,009,933)
(5,596,369)
(5,641,854)
(5,683,545)
(5,101,289)
(5,489,843)
(4,670,790)
Financial Condition / Capital Resources
During the three months ended July 31, 2025, the Company recorded a net loss of $611,307 and, as of July 31,
2025, the Company had an accumulated deficit of $51,812,349 and working capital of $679,695. The Company
maintains its Woxna Graphite mine in a “production -ready” basis while minimizing costs. The Company is also
evaluating a potential restart of flake graphite concentrate production. The Company anticipates that it has
sufficient funding to meet anticipated levels of corporate administration and overheads for the ensuing twelve
months however, it will need additional capital to provide working capital and recommence operations at the
Woxna Graphite, to fund future development of the Norra Kärr Pr operty or to complete exploration activities
in Romania. There is no assurance such additional capital will be available to the Company on acceptable terms
or at all. In the longer term the recoverability of the carrying value of the Company’s long -lived assets is
dependent upon the Company’s ability to preserve its interest in the underlying mineral property interests, the
discovery of economically recoverable reserves, the achievement of profitable operations and the ability of the
Company to obtain financing to support its ongoing exploration programs and mining operations.
Outlook
Current geopolitical dynamics have elevated critical raw materials to ongoing international prominence. As
nations and corporations work to establish supply chains independent of China, the Company's Norra Kårr and
Woxna Graphite projects remain strategically positioned within this evolving landscape.
In the rare earth elements sector, the European Union successfully negotiated a relaxation of China's export
restrictions on 24 July, following measures initially imposed in April. This development underscores the urgent
requirement for dependable and secure critical raw materials supply chains. The earlier export restrictions led
3
to substantial price increases for heavy rare earth elements, particularly dysprosium and terbium, due to their
limited availability outside of Chinese sources. Norra Kårr's heavy rare earth element profile positions it as
directly relevant to addressing these supply constraints.
International governments—including the United States, Canada, and Australia —are actively supporting rare
earth element mining initiatives through financial backing and structured pricing mechanisms, including price
floors and long-term purchase agreements . These coordinated efforts are strengthening investor confidence
while establishing the critical supply infrastructure necessary to counterbalance China's market dominance,
built over decades through comprehensive state-directed industrial policy.
Woxna Graphite Mine
The Company maintains the Woxna Graphite Mine in production -ready condition while keeping operational
holding costs to a minimum.
In partnership with an engineering consultant, the Company is currently updating its internal production restart
study, which was initially completed in 2022. Recent crushing tests on Woxna ore have been successfully
completed to investigate enhanced liber ation techniques and better preservation of graphite flakes.
Metallurgical testing is now underway on this material to assess potential improvements to the processing
facility that could maximize operational efficiency.
The Company's goal is to deliver premium -quality, high -grade flake graphite concentrate. Market interest
remains strong, reinforcing confidence in Woxna's commercial potential.
This comprehensive technical work will inform the creation of an updated business plan, and it is hoped enable
project financing discussions, including potential access to Swedish or European Union public funding
programmes.
Norra Kärr Heavy Rare Earth Element (“HREE”) Project
Throughout the summer months, the Company has been responding to feedback from the County
Administrative Boards of Jönköping and Östergötland regarding its application for a new Exploitation
Concession ("Bearbetningskoncession") - a 25-year mining lease for the Norra Kårr project. The Company must
submit its comprehensive responses to the Chief Mining Inspector by 20 September and anticipates a decision
in Q4 2025.
Concurrent with the mining lease approval process, Pre-feasibility Study ("PFS") activities are progressing across
multiple fronts. This includes mineral processing trials designed to optimize HREE -rich eudialyte mineral
concentrate production, as well as development of industrial mineral nepheline syenite products. A
comprehensive market evaluation for nepheline syenite applications is also in preparation. The Company is
targeting PFS completion during H1 2026.
Bihor Sud Nickel-Cobalt Exploration Project
Following the substantial addition of ownership and operational permits for the Avram Iancu mine within the
exploration area, the Company is reassessing its highest -value prospects. The Avram Iancu site benefits from
extensive historical mining and explora tion activities that have established hundreds of kilometres of
underground galleries and workings. Historical data indicates the presence of massive sulphide zones within
carbonate-replacement deposits, featuring primary copper-bearing minerals such as chalcocite and bornite.
A Competent Person Report is currently under development, while management concurrently explores
alternative financing options to advance project development. This technical report will consolidate the
substantial work completed to date and establish a clear roadmap for the project.
4
Financial Information
The report for three months ending July 31, 2025, is expected to be published on or about September 19,
2025.
On behalf of the Board of Directors,
Leading Edge Materials Corp.
Kurt Budge, CEO
For further information, please contact the Company at:
www.leadingedgematerials.com
Follow us
Twitter: https://twitter.com/LeadingEdgeMtls
Linkedin: https://www.linkedin.com/company/leading-edge-materials-corp/
www.leadingedgematerials.com
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 an d supply risk. They are directly linked to high
growth technologies such as lithium -ion batteries and permanent magnets for electric motors , wind
turbines and defense applications. The portfolio of projects includes the 100% owned Woxna Graphite
mine (Sweden), 100% owned Norra Kärr H eavy Rare Earth Elements project (Sweden), and the 51%
owned Bihor Sud Nickel Cobalt exploration alliance (Romania).
Additional Information
The information was submitted for publication through the agency of the contact person set out above,
on September 19, 2025, at 9:00 AM 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”. Svensk Kapitalmark nadsgranskning
(“SKMG”) is the Company’s Certified Adviser for the Nasdaq First North Growth Market (Stockholm) and
may be contacted via email [email protected] or by phone +46 (0)8 913 008.
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 busine ss 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 f orward-looking statements as a result of various
factors, including, but not limited to, fluctuations in market prices, changes in the Company’s intended
use of proceeds from the Private Placement, successes of the operations of the Company, continued
5
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.