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Our objective is to produce a high-quality, high-grade flake graphite concentrate. We continue to receive inbound enquiries and remain optimistic about Woxna’s future prospects.
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This ongoing workstream will support the development of a new business plan, which could facilitate future project financing discussions and potentially unlock access to Swedish or EU public funding.
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Bihor Sud – Major Milestone
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Exploration activities at the Bihor Sud project have continued steadily, bolstered by the addition of four new geologists who joined the team in January. Recent work has included underground mapping, diamond drilling, geophysical surveys, core logging, and sampling. To accelerate progress, the Company plans to change drilling contractors within the next one to two months.
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The Company remains focused on defining a large-scale, mineable mineral resource at Bihor Sud, particularly within gallery G2, where exploration is targeting promising zinc-lead-copper-silver mineralization. Results to date have been encouraging and highlight the project’s strong potential for a significant polymetallic discovery.
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A major milestone was the granting of ownership and operational permits for the Avram Iancu mine. Historical mining and exploration at this site have left behind hundreds of kilometres of galleries and underground workings. In addition to ongoing work at G2, the Romanian team has initiated preliminary investigations at Avram Iancu. They successfully located the entrance to a 3-kilometre tunnel observed to be in good condition. Based on historical reports, this tunnel connects with up to 15 kilometres of workings and zones containing massive sulphides in carbonate-replacement deposits with primary copper-bearing minerals—including chalcocite and bornite.
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On behalf of the Board of Directors,
Leading Edge Materials Corp.
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Kurt Budge, CEO
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About Leading Edge Materials
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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 and 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 Heavy Rare Earth Elements project (Sweden), and the 51% owned Bihor Sud Nickel Cobalt exploration alliance (Romania).
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Additional Information
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The information was submitted for publication through the agency of the contact person set out above, on June 22, 2025, at 23:30 Vancouver time.
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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 Kapitalmarknadsgranskning (“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.
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Reader Advisory
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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, changes in the Company’s intended use of proceeds from the Private Placement, 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.
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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.
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English (US)