Leading Edge Materials Corp. · TSXV:LEM
Leading Edge Materials — Investor Presentation (July 2026)
33 slides from Leading Edge Materials's investor presentation, July 2026
Slide 1: Europe's Answer to Chinese Dominance of Heavy Rare Earth Elements
Europe's Answer to Chinese Dominance of Heavy Rare Earth Elements TSX.V: LEM Nasdaq First North: LEMSE July 2026 OTCQB: LEMIF FRA: 7FL 1
Slide 2: Disclaimer
Disclaimer This presentation is not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regula
Slide 3: Introduction
Introduction Flagship Project Norra Kärr is a Heavy Rare Earth Elements (HREE) project being developed by Greenna Mineral, a wholly owned Swedish subsidiary of Leading Edge Materials. Other EU Critical Raw Materials (CRM) Assets The company holds two additional CRM assets: the Woxna Graphite mine an
Slide 4: Norra Kärr – Investment Highlights
Norra Kärr – Investment Highlights • Europe’s most significant Heavy Rare Earth Element (HREE) deposit Norra Kärr sits in one of the best EU mining jurisdictions, making it a potential solution to European security of supply for permanent magnet manufacturing. • Exceptionally weighted to the most st
Slide 5: Europe's HREEs vulnerability
Europe’s HREEs vulnerability Countries accounting for the largest share of global CRM supply 100% HREEs and 85% LREEs are imported from China. 5
Slide 6: Europe's drive to build resilience
Europe’s drive to build resilience A developing REE mine to magnet ecosystem https://www.eit.europa.eu/sites/default/files/2021_09-24_ree_cluster_report2.pdf 6
Slide 7: Europe's most advanced HREE project
Europe’s most advanced HREE project Norra Kärr Mineral Resource Statement* Mineral Resource Tonnes Nepheline TREO (%) ZrO₂ (%) Nb₂O₅ (%) Classification (Mt) Syenite (%) Inferred 110 0.5 1.7 0.05 65 Light REO Proportion of Total REO Heavy REO Proportion of Total REO La₂O₃ Ce₂O₃ Pr₂O₃ Nd₂O₃ Sm₂O₃ Eu₂O
Slide 8: Norra Kärr's strategic significance
Norra Kärr’s strategic significance • Discovered the Norra Kärr deposit in the early 1900s. • In 2011, designated it as being of National Interest due to the significance of its rare earth elements (REEs) for Sweden and Europe. • With the respect to the Company's application for a mining lease, SGU
Slide 9: Solid foundation - extensively studied
Solid foundation - extensively studied 15 years of continuous technical development since 2011 30+ independent studies across metallurgy and environment — 19 metallurgical programmes, 21 environmental studies 15 specialist suppliers, global expertise covering Dy Tb Y Dysprosium Terbium Yttrium
Slide 10: Mission-Critical for European Defence
Mission-Critical for European Defence DoD refers to US Department of Defence
Slide 11: Feedstocks for Swedish defence industry
Feedstocks for Swedish defence industry Secure production from Norra Kärr will include Dysprosium, Terbium, Yttrium, Neodymium, Praesodymium and Lathanum • Heavy rare earths enable the manufacture of powerful, lightweight permanent magnets used in electric motors, electronics and microwave systems.
Slide 12: Development timeline
Development timeline 2009 Exploration Permit granted 2013 Mining lease awarded 2015 Pre-feasibility Study (REE only) Redesign of the project – decoupling of mining from downstream activities 2021 Preliminary Economic Assessment (REE & Industrial Minerals) December 2024 New mining lease application
Slide 13: 2021 PEA - On/Off-site operations
2021 PEA* - On/Off-site operations 1,150ktpa 733ktpa Life of Mine (LOM) 26 years Mining rate 1.15 Mtpa Strip Ratio 0.32 292ktpa TREOs 5,341 tpa Including MagREOs 1,005 tpa (Nd, Pr, Dy, Tb) Dy2O3 248t 105ktpa @ 5.5% TREO Tb2O3 36t Nd2O3 578t Pr2O3 143t Nepheline Syenite 732,885 tpa Zirconium Oxide 10
Slide 14: PEA 2021 vs Edison Research 2026
PEA 2021* vs Edison Research 2026** Baseline - 2021 PEA (NI 43-101)* Edison Research – April 2026** Post-tax Net Present Value (NPV10) $762M $1,798M Post-tax Internal Rate of Return (IRR) 26.3% 40% Accumulated LoM project revenues $9,962M $15,682M Average annual EBITDA $206M $356M Initial Capital Ex
Slide 15: Focus on sustainability
Focus on sustainability Quarrying, crushing, grinding and magnetic separation on site • Offsite downstream/chemical processing. • 65% reduction in area. • Closed-loop mineral process water systems on site. • Managed and controlled stormwater and groundwater. • Ambition to makes saleable products fro
Slide 16: Simple quarry
Simple quarry Timeline to production - 3-4 years
Slide 17: Norra Kärr - Sustainability advantage
Norra Kärr - Sustainability advantage Comparison of dysprosium production from different resources by life cycle assessment Source: 'Comparison of dysprosium production from different resources by life cycle assessment', co-authored by Petra Zapp, Josefine Marx, Andrea Schreiber, Bernd Friedrich, Da
Slide 18: Stakeholder engagement
Stakeholder engagement Thursdays, 14:00 – 18:00, Ribbagårdsgränd 2A in Gränna
Slide 19: Woxna Graphite
LEADING EDGE MATERIALS Woxna Graphite EE
Slide 20: Defence Industries Graphite Dependency
Defence Industries Graphite Dependency Supply Risk for Critical Raw Materials in Military Applications Very High Risk High Risk Medium Risk Low Risk Source: https://hcss.nl/report/strategic-raw-materials-for-defence/ 20
Slide 21: Europe's Battery Industry
Europe’s Battery Industry International Energy Agency’s Sustainable Development Scenario base case projects the In 2023, China produced about 70% of global mineral demand for battery storage-related Flake Graphite production needs $7.5B supplies of natural flake graphite and almost materials to incr
Slide 22: Woxna's potential to make a difference
Woxna's potential to make a difference • Drive for secure and stable supply chains is shaping the European natural flake graphite market, bringing existing production assets like Woxna into focus. • Woxna is free to serve both the anode and industrial markets and could be positioned as a key regiona
Slide 23: Woxna Graphite Anode PEA
Woxna Graphite Anode PEA* Financial Highlights Mineral Resource Estimate • Post-tax Net Present Value (NPV 8%) of $248m Source: ReedLeyton 2021 • Post-tax IRR of 37.4% Classification of • Accumulated project revenues of $1,425m Property Mineral Resource Tonnes (Mt) Grade C (%) • Average annual EBITD
Slide 24: Leveraging Woxna's fixed assets
Leveraging Woxna's fixed assets Mine Concentrator Sizing Shaping Purification Coating Graphite Spherical Spherical Coated Concentrate Graphite Purified Spherical Graphite Purified Graphite Current Future Option to vertically integrate - natural flake graphite mine to lithium-ion battery anode materi
Slide 25: Bihor Sud Exploration Project
Bihor Sud Exploration Project
Slide 26: Overview
Overview • Joint venture established in 2018 gave LEM 51% ownership – Left: Stringers of silvery-golden ownership increased to 90% in 2026 Co-Ni mineralization in low grade metamorphic sediments (gray) from the waste dump of G7. • Bihor Sud is located in the upper Cretaceous metallogenic belt, part
Slide 27: The West Tethyan – Proven Significance
The West Tethyan – Proven Significance …one of the main mineralized belts of Europe with a long history of mining and many operating mines. Romania is a historic mining country with rich opportunities.
Slide 28: Historic Mines within the Licence Area
Historic Mines within the Licence Area Valea Seaca (Ag) Băița-Bihor (Zn-Pb-Ag-Mo-W) Băița-Plai Flotation Plant Băița-Plai (U) Nucet Village North Apuseni Mountains - Noroc Bun underground drive - 7km long – was > 400km2 historic mining district planned to transport ore -huge variety of mineral from
Slide 29: Multiple exploration targets remain
Multiple exploration targets remain Bihor Peak/Cucurbăta Mare (1849m) Bihor Sud is • The licence area hosts relatively isolated extensive, structurally- site. The road and Gruiu Dumi controlled lead-zinc power network is Avram Iancu mineralisation, with associated well developed due to prior mining
Slide 30: Ni, Co, Cu, Pb, Zn assays across the licence
Ni, Co, Cu, Pb, Zn assays across the licence Nickel, cobalt, copper, lead and zinc mineralisation sampled from surface dumps across the licence area. Nickel, cobalt, copper, lead and zinc mineralisation underground sample locations and grades.
Slide 31: Bihor Sud's CRM Potential
Bihor Sud's CRM Potential • Diverse, high-value mineralisation identified — including polymetallic sulphides (Copper, Cobalt, Nickel, Lead, Zinc), uranium oxide, and precious metals. • Historically significant mining district across Valea Leucii, Dibarz, and Avram Iancu. • Extensive work completed b
Slide 32: Next steps
Next steps Norra Kärr - Momentum Building Across All Fronts since mining license granted in June • Updated Pre-Feasibility Study underway • Environmental permitting process advancing in parallel • Active engagement beginning with offtake partners and financiers • Building the foundations to bring No
Slide 33: www.leadingedgematerials.com
www.leadingedgematerials.com https://www.linkedin.com/company/leading-edge-materials-corp @LeadingEdgeMtls investorrelations@leadingedgematerials.com TSX.V: LEM Nasdaq First North: LEMSE OTCQB: LEMIF FRA: 7FL
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