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LEADING EDGE MATERIALS REPORTS QUARTERLY RESULTS TO JULY 31, 2025
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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.
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Highlights During and After the Quarter
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During the three months ended July 31, 2025:
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- 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).
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After nine months ended July 31, 2025:
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- 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.
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Results of Operations
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Three Months Ended July 31, 2025, Compared to Three Months Ended April 30, 2025
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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).
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Three Months Ended July 31, 2025, Compared to Three Months Ended July 31, 2024
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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 mainly 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).
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Selected Financial Data
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The following selected financial information is derived from the unaudited condensed consolidated interim financial statements of the Company prepared in accordance with IFRS.
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| 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) |
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