LEADING EDGE MATERIALS GRANTED 25-YEAR MINING LEASE FOR NORRA KÄRR HEAVY RARE EARTH ELEMENTS PROJECT

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LEADING EDGE MATERIALS GRANTED 25-YEAR MINING LEASE FOR NORRA KÄRR HEAVY RARE EARTH ELEMENTS PROJECT LEADING EDGE MATERIALS GRANTED 25-YEAR MINING LEASE FOR NORRA KÄRR HEAVY RARE EARTH ELEMENTS PROJECT GREENNA Mineral AB, the Company's wholly owned Swedish subsidiary, has been granted a 25-year Exploitation Concession (Sw. bearbetningskoncession) for Norra Kärr K Nr. 2 by the Swedish Government - a transformational milestone for the Company.Norra Kärr is one of Europe's richest rare earth element deposits, with a particularly high proportion of dysprosium, terbium and yttrium.Leading Edge is on track to develop the EU's first Heavy Rare Earth Elements (“HREE”) mine. Vancouver, June 28, 2026 - Leading Edge Materials Corp. ("Leading Edge Materials" or the "Company") (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) (FRA: 7FL) is pleased to announce that its wholly-owned Swedish subsidiary, GREENNA Mineral AB ("GMAB"), has been granted an Exploitation Concession - 25-year mining lease - for the Norra Kärr Heavy Rare Earth Elements Project in Sweden. The Concession was granted by the Swedish Government following a formal recommendation from the Mining Inspectorate (Sw. Bergsstaten), which submitted the application to the Government for a final decision after all involved agencies had either endorsed the application or recommended approval. The project's strategic importance to Sweden and the EU was a decisive factor in the Government's decision. The Geological Survey of Sweden (“SGU”) has confirmed that Norra Kärr is one of Europe's richest rare earth elements (“REE”) deposits, with a particularly high proportion of the most valuable heavy rare earth elements, including terbium, dysprosium and yttrium. With no REE production anywhere in the EU today, the Government concluded that supplying Sweden and Europe with these critical raw materials - essential for permanent magnets in electric motors and the green energy transition - clearly outweighs competing land-use interests. CEO Comment Kurt Budge, Chief Executive Officer, commented: "This is a transformational moment for Norra Kärr, for Leading Edge Materials, and for European critical raw materials supply security. The Government's decision affirms that this is a strategically important heavy rare earth deposit, located in a Tie...

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