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Leading Edge Materials Provides Update on Bihor Sud Exploration License Application in Romania
Leading Edge Materials Provides Update on Bihor Sud Exploration License Application in Rom...
About this update from Leading Edge Materials Corp.
[{"type":"text","content":"\n\n\n\nLeading Edge Materials Provides Update on Bihor Sud Exploration License Application in Romania\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, BC, Aug. 6, 2020\n\n\n\nVANCOUVER, BC, Aug. 6, 2020 /CNW/ - Leading Edge Materials Corp. (\"Leading Edge Materials\" or the \"Company\") (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) provides a further update on the tender process for the Bihor Sud Exploration License in Romania.\nAs announced on January 29, 2020, the adjudication of the competitive tender round for the Bihor Sud Exploration License (the \"Exploration License\") by the Agenţia Natională Pentru Resurse Minerale (\"NAMR\") has been suspended while the Bucharest Court of Appeal (the \"Court\") is judging an appeal against NAMR lodged by the competing bidder for the exploration license, Global Centurions S.R.L. (the \"Case\").\nThe Company has been informed that the Court published a ruling today dismissing the Case in full as ungrounded. The Court will now proceed to serve the parties of the Case with the full ruling upon which a 15-day appeal window opens. Subject to the ruling not being appealed, the ruling becomes final and NAMR can reinstate the adjudication process of the competing bids for the Exploration License. Leading Edge Materials will advise the market as further information becomes available.\nThe Bihor Sud Exploration License application covers 25 square kilometers in the Northern Apuseni Mountains of Transylvania.  Bihor Sud lies within the Western Tethyan Metallogenic Belt, a well-mineralized district that includes the Timok copper-gold project along with the Skouries, Chelopech, Bor and Majdanpek deposits.  The Northern Apuseni Mountains are famous for high grade skarn and carbonate replacement mineralization with historic production of Cu, Mo, Ag, Au, Zn, U and Pb associated with Tethyan Arc intrusions.  The area under application includes a substantial former mine that was closed in 1998.\nOn behalf of the Board of Directors,Leading Edge Materials Corp.\nFil...