Leading Edge Materials Updates on Norra Karr Exploration License

About this update from Leading Edge Materials Corp.

[{"type":"text","content":"\n \n \n \n Leading Edge Materials Updates on Norra Karr Exploration License\n \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 Canada NewsWire\n \n \n VANCOUVER, BC, Oct. 23, 2020\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Oct. 23, 2020\n \n /CNW/ -\n \n Leading Edge Materials Corp.\n \n (\"\n \n Leading Edge Materials\n \n \" or the \"\n \n Company\n \n \") (\n \n TSXV: LEM\n \n ) (\n \n Nasdaq First North: LEMSE\n \n ) (\n \n OTCQB: LEMIF\n \n ) has been informed that the decision to grant a 5 year extension on the Norra Karr nr 1 exploration license (the \"EL\") has been appealed. The appeal is being handled by the Lulea Administrative Court.\n \n \n \n \n \n \n \n \n \n On\n \n the 4th of\n \n June 2020\n \n \n the Mining Inspectorate of\n \n Sweden\n \n (\"Bergsstaten\") extended the validity of the EL for 5 years until\n \n August 31, 2024\n \n . Bergsstaten cited extraordinary reasons supporting the granting of the extension. Subsequently on\n \n July 7, 2020\n \n , a law change introduced to counter the negative effects on the mining industry from COVID-19, further extended the EL for an additional year until\n \n August 31, 2025\n \n . The Company applied for the extension in\n \n August 2019\n \n even though a lapsed exploration license under the Swedish Minerals Act remains valid for the duration of an ongoing mining lease application with Bergsstaten, which is the case for Norra Karr. The Company will disclose any development with respect to the ongoing appeal process if and when required.\n \n \n \n Filip Kozlowski\n \n , CEO states\n \n \"As always Leading Edge Materials will diligently work towards challenging this appeal which the Company has successfully done in the past to ensure security over the Norra Kärr heavy rare earth element project. In the meantime, the exploration license is still secured according to the Swedish Minerals Act due to having an ongoing mining lease application pending.\"\n \n \n \n Norra Karr is one of the world's principal heavy REE resources, with an unusual enrichment in the most critical REEs that are ess...

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