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Leading Edge Materials Norra Karr Exploration License Remains in Full Force After Court Decision
Vancouver, March 31, 2022 – Leading Edge Materials Corp. (“Leading Edge Materials” or the “Company”) (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) (FRA
About this update from Leading Edge Materials Corp.
[{"type":"text","content":" Vancouver, March 31, 2022 – Leading Edge Materials Corp. (“Leading Edge Materials” or the “Company”) (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) (FRA: 7FL) has been informed that the Court of Appeal in Sundsvall has denied leave to appeal against the extension of the Company’s Norra Karr nr 1 exploration license (the “Exploration License”). This decision means the Exploration License remains in force until August 31, 2025. In June 2020, the Company received confirmation that the Exploration License underlying the mining lease application for Norra Karr received an extension from the Swedish Mining Inspectorate (“Bergsstaten”) to August 31, 2024. Subsequently the Swedish parliament passed legislation to mitigate the impacts of COVID-19 by giving exploration companies an additional year to carry out their work which extended the Norra Karr exploration license to August 31, 2025. The extension of the Exploration License was appealed, and the administrative court of Lulea rejected the appeal in March 2021, upon which the case was appealed to the Court of Appeal in Sundsvall which has since been evaluating whether to grant leave to appeal. Filip Kozlowski, CEO of the Company states: “We have again successfully defended our exclusive tenure over the Norra Karr exploration license. The Exploration License has routinely been appealed by the opposition groups and their legal counsel creating uncertainty for both the Company and local stakeholders extending timelines around the Norra Karr rare earth element project. Importantly, the Exploration License is not directly related to the permitting work for future mining operations. Rather it enables the Company to investigate the deposit and surrounding environment with the objective to acquire information and build up a better knowledge of the project for the benefit of everyone having an interest in the project.” On behalf of the Board of Directors,Leading Edge Materials Corp. Filip Kozlowski, CEO For further information, please contact the Company at:[email protected] www.leadingedgematerials.com Follow usTwitter: https://twitter.com/LeadingEdgeMtlsLinkedin: https://www.linkedin.com/company/leading-edge-materials-corp/ About Leading Edge Materials Leading Edge Materials is a Canadian public company focused on developing a portfolio of critical raw material projects ...