LEADING EDGE MATERIALS COMMISSIONS LIFE CYCLE ANALYSIS ON WOXNA GRAPHITE PROJECT
11 December 2020 - 6:45PM
Vancouver, December 10, 2020 – Leading Edge
Materials Corp. (“Leading Edge Materials”
or the “Company”) (TSXV: LEM)
(Nasdaq First North: LEMSE) (OTCQB:
LEMIF) is pleased to announce that it has recently
commissioned Minviro Ltd. (“Minviro”), a London based globally
recognized life cycle assessment (“LCA”) consultancy, to build an
LCA model and deliver an LCA report for the Woxna Graphite
project.
On December 10th, the European Commission
proposed new legislation to ensure that batteries placed on the EU
market will be sustainable along their entire life cycle, including
mandatory requirements to declare their associated carbon
footprinti. Earlier in 2020 Minviro published a white paperii
concluding that existing battery LCA studies might have
underestimated the CO2 intensity of production by up to six times
for both natural and synthetic graphite.
Filip Kozlowski, CEO states “As we transition
towards climate neutrality and a more sustainable society, it is
adamant to ensure this transition is done in a sustainable way by
minimizing carbon footprint across the full battery value chain,
from raw materials to finished batteries. Woxna Graphite has access
to low cost and green hydropower, and with a planned thermal
purification process, we have the opportunity for a unique
competitive advantage based on minimizing carbon footprint of our
graphite products. We are looking forward to the results of the
life cycle analysis as a testament to how a sustainable raw
material supply for the European battery industry could look
like.”
Dr Robert Pell, Founder & Director of
Minviro further states "Our past internal work has shown that
graphite is often overlooked when assessing the environmental
profile of battery materials. Carrying out a life cycle assessment
(LCA) for the Woxna project is hence an important step to quantify
and validate the environmental credentials of the graphite products
from Woxna and see how they compare against other alternative
sources of graphite for the battery industry."
Minviro will base their work on input generated
from the ongoing work with the previously announced Preliminary
Economic Assessment study on the Woxna Graphite projectiii. The LCA
work carried out by Minviro includes a cradle-to-gate life cycle
inventory, a life cycle impact assessment for five impact
categories of interest, one being carbon footprint, analysis of
major inputs contributing to the different impact categories and
recommended impact mitigation opportunities. The results will be
delivered to the Company in form of an ISO-Compliant Full Life
Cycle Assessment and Report. In addition, Minviro will benchmark
the results for Woxna against other functionally equivalent
industry LCA data, including a number of both natural and synthetic
graphite alternative products for energy storage applications. This
relative benchmark study will be reviewed by an external panel of
independent experts.
On behalf of the Board of
Directors,Leading Edge Materials
Corp.
Filip Kozlowski, CEO
For further information, please contact the Company
at:info@leadingedgematerials.com
www.leadingedgematerials.com
About Leading Edge
Materials
Leading Edge Materials is a Canadian public
company focused on developing a portfolio of critical raw material
projects located in the European Union. Critical raw materials are
determined as such by the European Union based on their economic
importance and supply risk. They are directly linked to high growth
technologies such as lithium-ion batteries and permanent magnets
for electric motors and wind power that underpin the sustainability
transition of society. The portfolio of projects includes the 100%
owned Woxna Graphite mine (Sweden), Norra Kärr HREE project
(Sweden), Bergby lithium project (Sweden) and the 51% owned Bihor
Sud Nickel Cobalt exploration alliance (Romania).
About Minviro
Minviro (www.minviro.com) is a London based and
globally recognized consultancy and technology company specialized
in carrying out life cycle assessments in the technology metal
space. The company provides quantitative environmental and climate
impact data for mineral resource projects, battery manufacturers
and OEMs to make environmentally informed decisions.
Additional Information
The Company's consolidated financial statements
and related management's discussion and analysis are available on
the Company's website at www.leadingedgematerials.com or under its
profile on SEDAR at www.sedar.com
The information was submitted for publication
through the agency of the contact person set out above, on December
10, 2020 at 11:45 pm Vancouver time.
Leading Edge Materials is listed on the TSXV
under the symbol “LEM”, OTCQB under the symbol “LEMIF” and Nasdaq
First North Stockholm under the symbol "LEMSE". Mangold
Fondkommission AB is the Company’s Certified Adviser on Nasdaq
First North and may be contacted via email CA@mangold.se or by
phone +46 (0) 8 5030 1550.
Reader Advisory
This news release may contain statements which
constitute “forward-looking information” under applicable Canadian
securities laws, including statements regarding plans, intentions,
beliefs and current expectations of the Company, its directors, or
its officers with respect to the future business activities of the
Company. The words “may”, “would”, “could”, “will”, “intend”,
“plan”, “anticipate”, “believe”, “estimate”, “expect” and similar
expressions, as they relate to the Company, or its management, are
intended to identify such forward-looking information. Investors
are cautioned that any such forward-looking information is not a
guarantee of future business activities and involves risks and
uncertainties, and that the Company’s future business activities
may differ materially from those in the forward-looking information
as a result of various factors, including, but not limited to,
fluctuations in market prices, successes of the operations of the
Company, continued availability of capital and financing and
general economic, market or business conditions. There can be no
assurances that such information will prove accurate and,
therefore, readers are advised to rely on their own evaluation of
such uncertainties. The Company does not assume any obligation to
update any forward-looking information except as required under the
applicable securities laws.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accept responsibility for the
adequacy or accuracy of this news release.
------
i
https://ec.europa.eu/commission/presscorner/detail/en/ip_20_2312
ii
https://www.linkedin.com/posts/minviro_battery-grade-graphite-activity-6663773175865724928-7qFZ
iii
https://leadingedgematerials.com/leading-edge-materials-working-on-preliminary-economic-assessment-study-on-the-woxna-graphite-project/
- 20201210 LEM commissions Life Cycle Assessment on Woxna
Graphite project
Leading Edge Materials (TSXV:LEM)
Historical Stock Chart
From Jun 2024 to Jul 2024
Leading Edge Materials (TSXV:LEM)
Historical Stock Chart
From Jul 2023 to Jul 2024