Leading Edge Materials Welcomes Governmental Review of Permitting Processes and Regulations
March 15 2021 - 9:15AM
Vancouver, March 15, 2021 – Leading Edge
Materials Corp. (“Leading Edge” or the
“Company”) (TSXV: LEM)
(Nasdaq First North: LEMSE) (OTCQB:
LEMIF) welcomes last week’s announcement from the Swedish
Government1 on the launch of a governmental review of permitting
processes and regulations to ensure a sustainable supply of
critical raw materials from primary and secondary sources.
A press release from Ibrahim Baylan, Minister for
Business, Industry and Innovation, announced the appointment of a
special reviewer tasked with delivering a report based on their
findings. The press release highlights the importance of critical
raw materials for Swedish industry and especially those that are
required to succeed with the climate transition. Wind power,
electric vehicle batteries and other technologies that drive the
change to a fossil free society are expected to increase demand for
critical raw materials.
Minister Ibrahim Baylan is quoted in the press
release stating: “The green transition increases the demand for raw
materials from the mining and minerals industry. We need to change
regulations and permitting processes to ensure a sustainable supply
of innovation critical metals and minerals.”
The governmental review is to be completed by
October 2022 at the latest and is tasked to analyze and propose
changes to permitting processes and regulations so that;
- A better balance is considered between a projects local
environmental impact and its benefit to greater society, for
example through reduced global climate impact.
- A larger share of the value add generated from the mining and
minerals industry is shared with the whole country, whilst at the
same time ensuring that the total tax burden is not increased, and
so that the investment attractiveness of Sweden is not negatively
impacted.
Filip Kozlowski, CEO of Leading Edge states “It is
not the first time we have seen the launch of a governmental review
to address the complicated permitting processes in Sweden, but this
recent announcement will now cover the Mining Act and clearly
highlights the need for primary critical raw material sources and
the importance of those to Swedish industry and the country’s goal
to achieve climate neutrality. One of the primary objectives of the
European Raw Materials Alliance and the European Battery Alliance
is to unlock regulatory bottlenecks in order for Europe to become
more self-reliant on critical raw materials and we commend the
Swedish Government for being at the forefront of this for the
benefit of European industrial ecosystems.”
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
Follow us Twitter:
https://twitter.com/LeadingEdgeMtls Linkedin:
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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 Kärr 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 March
15, 2020 at 7.15am 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, risks relating to the inability of
the parties to satisfy the conditions precedent to the closing of
the Agreement, 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.
1
https://www.regeringen.se/pressmeddelanden/2021/03/utredning-om-att-sakerstalla-en-hallbar-forsorjning-av-innovationskritiska-metaller-och-mineral/
- 20210315 LEM welcomes governmental review of permitting to
ensure supply of critical raw materials
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