Leading Edge Materials Provides Update on Strategic Review

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[{"type":"text","content":"\n\n\n\nLeading Edge Materials Provides Update on Strategic Review\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, March 4, 2019\n\n\n\nVANCOUVER, March 4, 2019 /CNW/ - Leading Edge Materials Corp. (\"Leading Edge Materials\" or the \"Company\") (TSXV: LEM) (OTCQB: LEMIF) (Nasdaq First North: LEMSE) is pleased to provide an update on the progress of the internal corporate strategic review (the \"Strategic Review\") announced 7th January 2019.  The review is being led by Company Chairman Mr. Michael Hudson and Mr. Filip Kozlowski, an Independent Director, and was initiated to identify, examine and consider opportunities across its portfolio of individual assets to enhance shareholder value.  \n\n \n \n\n \nLeading Edge Materials is advancing a portfolio of European battery raw material projects including the fully built and permitted Woxna graphite mine in Sweden (\"Woxna\"), the Bihor Sud cobalt-copper-nickel project in Romania, and the Norra Kärr heavy rare earth element-zirconium-hafnium deposit, of which are all high merit projects within the European raw material sector.  \nAs a first step, the Strategic Review highlighted that the Company's combination of discovery-stage and development-stage assets may present different requirements with regard to operational structure, capital needs and investor preferences.\nThe Board has resolved that the next stage of the Strategic Review will identify and compare opportunities for the Woxna graphite mine. Potential recommendations from this stage of the Strategic Review may include a transition to a freestanding European company, and will consider direct third-party investment into Woxna, horizontal or vertical joint-venture of with aligned parties, or a standalone public listing of Woxna on a Swedish exchange. \nThe Board emphasizes that any recommendation is predicated on Leading Edge Materials continuing to hold significant exposure to the success of the Woxna graphite mine as a future anode supplier, while enabling the Company to allocate resources to progress dis...

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