Leading Edge Materials Reports Year End 2017 Results
NEWS RELEASE January 29, 2018
LEADING EDGE MATERIALS CORP.
1305 – 1090 West Georgia Street, Vancouver, BC, V6E 3V7
T +1 604 685 9316 | leadingedgematerials.com
TSX.V : LEM Nasdaq First North: LEMSE OTCQB : LEMIF
emerging materials, expanding markets
Leading Edge Materials Reports Year End 2017 Results
Vancouver, Canada – Leading Edge Materials Corp . (“Leading Edge Materials”) or (the Company”)
(TSXV:LEM) (OTCQB: LEMIF) announces its year end results for the period ending Oct 31 2017. All
amounts in this release are in Canadian dollars.
Highlights
During the last financial year the company has achieved a number of milestones.
The Company completed a dual listing on the Nasdaq First North in Stockholm in December
2017 and commenced trading January 22, 2018;
Twenty 18650 format lithium ion battery cells were manufactured using Woxna graphite in the
anode material to be utilized for customer testing;
The Company completed two financings for total proceeds of $3,801,900, plus exercise of share
options and warrants for $427,491;
Two drill programs were completed on the Bergby lithium project for a total of 33 holes.
Bergby has now been tested by a total of 1525m to a maximum depth of 131.1m over an
approximate 1500m strike leng th. All but four of the drill holes contained lithium
mineralization.
Process development research on the Norra Kärr rare earth element deposit completed under
the European Commission funded EURARE project achieved significant technical milestones.
Research culminated with the production of approximately 25 kg of mixed REE carbonate
produced from a eudialyte concentrate, using a new and optimized hydrometallurgical
flowsheet.
The Company announced four government funded R&D projects which are underway
throughout 2018.
Blair Way, President and CEO, stated “The Company had an active year and made excellent progress to
achieve the company objectives and goals. We are looking forward to an even busier 2018.”
Selected Financial Data
The following selected financial information is derived from the audited consolidated financial
statements of the Company prepared in accordance with IFRS.
Year Ended October 31,
October 31,
2017
$
October 31,
2016
$
October 31,
2015
$
Operations
Expenses (2,772,709) (3,567,926) (2,854,109)
Other items (147,319) 113,032 65,959
Net loss (2,920,028) (3,454,894) (2,788,150)
Basic and diluted loss per share (0.03) (0.07) (0.06)
Dividends per share Nil Nil Nil
Balance Sheet
Working capital 3,490,760 2,436,641 3,233,642
Total assets 37,915,728 36,037,751 19,005,386
Total non-current liabilities (8,330,321) (8,072,937) (6,151,40 7)
2
Financial Condition / Capital Resources
During the fiscal year ended October 31, 2017 (“fiscal 2017”), the Company incurred a net loss of
$2,920,028 compared to a loss of $3,454,894 during the year ended October 31, 2016 (“fiscal 2016”), a
decrease in loss of $534,866. The decreased loss is primarily attributed to the recognition of share-
based compensation of $1,505,250 in fiscal 2016, compared to $nil in fiscal 2017, on the granting and
vesting of share options. The decrease in share-based compensation was partially offset by an increase
of $710,033 in general and administrative expenses and the $126,030 impairment of certain exploration
and evaluation assets in fiscal 2017.
Financings
During fiscal 2017 the Company completed private placement financings of 4,004,222 units at $0.45 per
unit and 3,636,364 units at $0.55 per unit for total gross proceeds of $3,801,900. In addition the
Company issued 1,026,916 common shares on the exercise of share options and warrants for $427,491.
The Company has allocated the net proceeds from these placements and option and warrant exercises
to conduct testwork toward the production of high-purity graphite at the Woxna graphite project, to
further lithium and cobalt exploration activities and for general corporate requirements. Proceeds from
the placements will allow an accelerated work program during fiscal 2017.
During fiscal 2016 the Company issued 145,000 common shares on the exercise of share options for
$14,500. No equity financings were completed during fiscal 2016.
Summary and Outlook
The company had a successful 2017 and anticipate s an active 2018. The company progressed the
value adding works on the Woxna graphite project which will continue in 2018. The drill program on
the company’s Bergby lithium project revealed pr omising results and the project will be further
advanced in 2018. The research and development work on the Norra Kärr REE project presented new
opportunities for optimization and it is anticipated this will be the subject of further research in 2018.
The Company maintains the Woxna plant in an operation ready status running it on an as needed basis
to provide feedstock product for value added test work. The Company is working with potential
customers to identify products fr om the Woxna graphite project. The Company continues to work to
position as a supplier of choice in terms of price, supply security and quality to the European graphite
market.
Process development research on Norra Kärr completed under the European Commission funded
EURARE project achieved significant technical milestones. Research culminated with a new and
optimized hydrometallurgic al flowsheet which be further progressed in 2018 to better understand
potential commercial byproduct streams.
The Bergby lithium project remains a new lithium discovery at a very shallow depth, and it is
anticipated that the project will be advanced with metallurgical testwork utilizing core material retained
during the drill program.
The company continues to seek out prospective battery material projects in Europe and will provide
updates as the information becomes available.
Corporate Update
Effective December 15, 2017 Mr. Nick DeMare resigned as a director of the Company. Mr. DeMare
remains as the Company’s Chief Financial Officer.
The Company completed the listing application and received final approval to trade Leading Edge
Materials (the "LEM Common Shares") on Nasdaq First North which began on January 22, 2018. The
LEM Common Shares trade on Nasdaq First North under the symbol “LEMSE”.
Qualified Person
3
The qualified person for the Company’s projects, Mr. Blair Way B.S. (Geology) M.B.A., a Fellow of the
Australasian Institute of Mining and Metallurgy, the Company’s President and CEO, has reviewed and
verified the contents of this document.
Additional information
The Company's consolidated financial statements for the year ended October 31, 2017 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 is information that Leading Edge Materials Corp 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 above, on January 29, 2018, at 1:15 PM Vancouver time.
On behalf of the Board,
"Blair Way"
Blair Way, President & CEO
For further information, contact: 1.604.685.9316
www.leadingedgematerials.com
About Leading Edge Materials
Leading Edge Materials was formed with our sights firmly focused on the material demands of a once-
in-a-generation revolution, as the world shifts to the efficient production, storage and preservation of
low carbon energy. From the lithium batteries in our electric vehicles to our ability to generate energy
from the sun, wind and waves LEM is focused on the green energy markets. With a focus on Europe
and assets in innovation-rich Scandinavia, Leading Edge Materials is ideally placed to play a pivotal role
in the sustainable supply of critical technology mate rials. Remium Nordic AB is the company’s Certified
Adviser (“CA”) as part of the listing requirements for Nasdaq First North.
About Nasdaq First North
Nasdaq First North is regulated as a multilateral tr ading facility, operated by the different exchanges
within Nasdaq Nordic (Nasdaq First North Denmark is regulated as an alternative marketplace). It does
not have the legal status as an EU-regulated mark et. Companies at Nasdaq First North are subject to
the rules of Nasdaq First North and not the legal requirements for admission to trading on a regulated
market. The risk in such an investment may be higher than on the main market.
Important information
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.
Forward-Looking Information. This news release may contain forward-looking statements and information based on
current expectations. These statements should not be read as guarantees of future performance or results. Such
statements involve known and unknown risks, uncertainti es and other factors that may cause actual results,
performance or achievements to be materially different from those implied by such statements. Such statements
include but are not limited to, the Compan y’s expectations regarding the benefits of the listing on the Nasdaq First
North; the Company’s ability to fulfil the customary conditions set out in th e conditional acceptance letter from
Nasdaq Stockholm AB; unexpected geol ogical conditions; the Company’s ex pectations regarding exploration
activities to advance critical material projects for energy storage markets, delays in obtaining or failure to obtain
necessary permits and approvals from government author ities. Although such statements are based on
management's reasonable assumptions, there are risk fa ctors which could cause the Company's actual results,
performance or achievements to be materially different from any future results, pe rformance or achievements
expressed or implied by the forward-lo oking information contained herein. All forward-looking information herein is
qualified in its entirety by this cautionary statement, an d the Company disclaims any obligation to revise or update
any such forward-looking information or to publicly announce the result of any revisions to any of the forward-
looking information contained herein to reflect future results, events or developments, except as required by law.