Advanced materials to apply

Vancouver, June 21st2022 – Leading Edge Materials Corp. (“Advanced materials“or the”Company”) (TSXV: LEM) (Nasdaq First North: LEMSE) ( LEMIF) (ENG: 7FL) took the decision to initiate a Natura 2000 permit application procedure for the Norra Karr project. This follows a recent decision by the Supreme Administrative Court of Sweden in the Boliden Laver case which confirms that current legislation requires a Natura 2000 permit before a mining lease is assessed. The Company’s appeal to the government against the Mines Inspectorate’s rejection of Norra Karr’s mining lease application in May 2021 was made largely on the same basis as the Boliden Laver case (see Press release June 17, 2021), that a Natura 2000 permit should not be a prerequisite for the assessment of a mining lease application, and the Company has therefore decided to withdraw its appeal against the rejection of the mining lease.

The Company continues to protect its tenure on the Norra Karr Project (the “Project”) through the exploration permit which covers the area of ​​the mining lease application and is valid until August 2026.

By initiating a Natura 2000 permit process based on the new Project design, the Company will benefit from authorities and other stakeholders assessing the merits of the Project based on the most recent plans. At the same time, through the various environmental and metallurgical studies that may be required to support the Natura 2000 permit application, the Company can progress the Project towards its next stages of feasibility development.

Filip Kozlowski, CEO of the company says: “IThe legal framework for mining lease applications is now clear and U.S adapt accordingly to advance our important project. The Swedish Pthe parliament and the government have recognized that this framework is prohibitive for effective authorization processes for mining projects that could support more sustainable and safer projects supply of raw materialsthat’s to say necessary for the energy transition. We will continue to adapt our way should the legal the framework evolves in the future.

On behalf of the Board of Directors,
Leading Edge Materials Corp.

Filip Kozlowski, CEO

For more information, please contact the Company at:
[email protected]
www.leadingedgematerials.com

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About Advanced Materials
Leading Edge Materials is a Canadian public company (TSXV:LEM, LEMIF, OMX:LEMSE, GER:7FL) focused on developing a portfolio of critical raw materials projects located in the European Union. Critical raw materials are determined as such by the European Union according to their economic importance and the risk of supply. They are directly linked to high-growth technologies such as batteries for electromobility and energy storage and permanent magnets for electric motors and wind power that underpin the clean energy transition to climate neutrality. The project portfolio includes the 100% owned Woxna Graphite mine and anode project (Sweden), the Norra Karr HREE project (Sweden) and the 51% owned Bihor Sud Nickel Cobalt exploration project (Romania).

AAdditional Information

The information was submitted for publication through the contact person listed above, on June 21, 2022 at 1:20 p.m. Vancouver time.

Leading Edge Materials is listed on the TSX Venture Exchange under the symbol “LEM”, on the OTCQB under the symbol “LEMIF” and on Nasdaq First North Stockholm under the symbol “LEMSE”.

Mangold Fondkommission AB is the company’s certified advisor on Nasdaq First North and can be contacted by email [email protected] or by phone +46 (0) 8 5030 1550.

Notice to readers

This press release may contain statements that constitute “forward-looking information” under applicable Canadian securities laws, 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, risks associated with changes to the mining regulatory regime governing the Company and risks associated with holding the Norra Karr property. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and expressions similar, insofar as they relate to the Company, or its management, are intended to identify such forward-looking information. Investors are cautioned that such forward-looking information is not a guarantee of future business activities and involves risks and uncertainties, and that the future business activities of the Company may differ materially from those contained in the forward-looking information due to various factors. including, but not limited to, fluctuations in market prices, the success of the Company’s operations, the continued availability of capital and financing, and general economic, market or business conditions. There can be no assurance that such information will prove to be accurate and, therefore, readers are urged to rely on their own assessment of such uncertainties. The Company undertakes no obligation to update any forward-looking information except as required by 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) accepts responsibility for the adequacy or accuracy of this press release.

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