
LEADING EDGE MATERIALS ANNOUNCES C$ 6,000,000 NON-BROKERED PRIVATE PLACEMENT WITH BINDING STANDBY SUBSCRIPTION AND COMMITMENT OF CORNERSTONE SHAREHOLDER
GlobeNewsWire
Published: Jul 13, 2026, 03:30 PM GMT+9
Sentiment Analysis
Vancouver, July 12, 2026 – Leading Edge Materials Corp. (“Leading Edge Materials” or the “Company”) announces the intent to complete a non-brokered private placement of 24,000,000 units (“Units”) at a price of C$0.25 per Unit for aggregate gross proceeds of up to C$6,000,000.00 (the “Private Placement”). Leading Edge Materials intends to use the net proceeds to advance the Company's projects in Sweden and Romania, as well as for general working capital and corporate purposes. In particular, following the recent award of a 25-year mining lease for the Norra Kärr Heavy Rare Earth Elements Project, proceeds will support Pre-Feasibility Study workstreams and environmental permitting for that project, alongside studies related to a possible restart of the Woxna Graphite mine and processing plant. The Company continues to seek alternative capital for its Romanian exploration activities, with work now focused on further defining polymetallic targets. Each Unit will consist of one (1) common share (each, a...
Source: GlobeNewsWire
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