From GlobeNewswire: 2025-02-17 02:30:00

Leading Edge Materials is targeting value creation options for its Woxna Graphite Mine to meet Europe’s natural graphite needs. With a focus on security of supply, the demand for natural graphite is projected to increase by 140% by 2030, requiring 31 new mines to come online. The European Union has taken steps to secure domestic supply chains, making existing assets like Woxna key players in the region. The company is considering restarting production at Woxna and exploring opportunities for forward integration to add value through further processing. Despite the potential of the Anode Project 2021, the primary focus remains on securing Woxna’s role in the European graphite supply chain.

Leading Edge Materials has announced positive preliminary economic assessment results for its Woxna Graphite Anode Project, with a US$317m pre-tax NPV and 42.9% pre-tax IRR. The company is focused on developing a portfolio of critical raw material projects in the European Union, including the Woxna Graphite mine in Sweden. With a growing momentum for Swedish graphite, the company is confident in its strategic investment in Woxna’s care and maintenance. The future looks promising for Leading Edge Materials and its role in the European graphite supply chain. Mangold Fondkommission AB is the Certified Adviser for the Company on Nasdaq First North. They can be contacted via email or phone. This news release contains forward-looking information about the Company’s future business activities. Investors are cautioned that these statements involve risks and uncertainties. The Company does not guarantee the accuracy of this information and advises readers to evaluate uncertainties themselves. The TSX Venture Exchange and its Regulation Services Provider do not accept responsibility for the adequacy or accuracy of this news release.



Read more at GlobeNewswire: LEADING EDGE MATERIALS TARGETS CREATION OPTIONS FOR WOXNA