LEADING EDGE MATERIALS APPOINTS KURT BUDGE AS CHIEF EXECUTIVE OFFICER
20 May 2024 - 4:00PM
LEADING EDGE
MATERIALS APPOINTS KURT BUDGE AS CHIEF EXECUTIVE
OFFICER
Vancouver, May 19, 2024 – Leading Edge
Materials Corp. (“Leading Edge Materials”
or the “Company”) (TSXV: LEM)
(Nasdaq First North: LEMSE) (OTCQB:
LEMIF) (FRA: 7FL) is pleased to announce
the appointment of Mr. Kurt Budge as Chief Executive Officer.
Chairman Lars-Eric Johansson noted:
“The Board is very happy to welcome Kurt to the
Company in the role as Chief Executive Officer given his
considerable experience leading junior mining companies and
especially his knowledge of working in Sweden.
The Rare Earth Elements at Norra Kärr makes the
project an obvious candidate as a Strategic Project as defined
by the EU Critical Raw Materials Act and the Company is
focused on applying for this designation. The Exploitation
Concession application and environmental work for Norra Kärr are
also key priorities.
The Company has other Strategic Raw Materials in
its portfolio, Natural Graphite at the established mine at Woxna in
Sweden and high-grade Nickel and Cobalt at its Bihor Sud
exploration project in Romania.
Each part of the business has real potential for
significant value creation, with European politics adding momentum,
and the Board is optimistic about the progress that can be made in
the short term under Kurt’s leadership.”
Kurt Budge has 30 years’ experience in the
mining sector, from major to junior companies, in operations and
corporate roles, private equity and investment research. His most
recent role was as CEO of Beowulf Mining plc, having joined the
Company in September 2014 and left in May 2023. Kurt has
worked in Sweden for 8.5 years, during which time he delivered the
Exploitation Concession and Pre-feasibility Study for the Kallak
Iron Ore Project. He is also experienced in Nordic graphite,
battery value chains, and Eastern European exploration
campaigns. Kurt read Mining Engineering at The Royal School
of Mines, Imperial College London and has an MBA from London
Business School.
Kurt Budge commented:
“I am very excited about joining Leading Edge Materials. As the
European Union seeks security of supply of critical raw materials
and supports the establishment of new mines on the continent, the
Company’s assets in Sweden and Romania are incredibly well
positioned.”
The Board of Directors,Leading Edge
Materials Corp.
For further information, please contact the Company
at:info@leadingedgematerials.com
www.leadingedgematerials.com
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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
batteries for electromobility and energy storage and permanent
magnets for electric motors and wind power that underpin the clean
energy transition towards climate neutrality. The portfolio of
projects includes the 100% owned Woxna Graphite mine (Sweden),
Norra Karr HREE project (Sweden) and the 51% owned Bihor Sud Nickel
Cobalt exploration alliance (Romania).
Additional Information
The information was submitted for publication through the agency
of the contact person set out above, on May 19, 2024, at 11:00 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.
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