Leading Edge Materials Corp. reports increased net loss due to compensation and foreign exchange losses
From GlobeNewswire: 2025-06-20 17:30:00
Leading Edge Materials Corp. reported a net loss of $1,179,168 for the three months ending April 30, 2025, compared to $669,216 for the previous quarter. The increase in loss is mainly due to share-based compensation expenses and foreign exchange losses. The company highlighted progress on the Norra Kärr project and the value creation options for Woxna Graphite. Despite uncertainties in the critical raw materials market, the company remains focused on its portfolio. The G7 Critical Minerals Action Plan was announced on June 17, 2025, aiming to diversify critical mineral supply chains and promote innovation. The Woxna Graphite Mine is maintained in a production-ready state. Work has begun to update a study for a business plan supporting project financing and access to funding. Sweden’s Minister of Energy highlights the country’s sustainable mining industry and graphite’s importance in battery manufacturing. The Norra Kärr Heavy Rare Earth Element Project is developing a Rapid Development Plan for early production. Testwork on mineral composition and chemistry is yielding promising results. The EU’s first list of Strategic Projects did not include Norra Kärr; the company plans to reapply. Exploration at the Bihor Sud Nickel-Cobalt Project shows potential for a significant polymetallic discovery. Financial report for July 2025 expected in September. Leading Edge Materials focuses on critical raw material projects in the EU, including graphite and rare earth elements. The company’s stock is listed on multiple exchanges. This news release contains forward-looking information about the company’s business activities and potential risks. 1. The stock market hit a record high today, with the S&P 500 closing at 4,500 points for the first time ever. This milestone comes as investors remain optimistic about the economic recovery and strong corporate earnings.
2. In international news, the United Nations reported that over 400,000 people in Afghanistan are facing famine due to drought and conflict. The UN is calling for urgent action to prevent a humanitarian crisis in the region.
3. Meanwhile, scientists have discovered a new species of dinosaur in Argentina. The “Llukalkan aliocranianus” is a carnivorous dinosaur that roamed the Earth 85 million years ago, measuring about 16 feet long with a unique skull structure.
4. On the tech front, Apple announced the launch of its new iPhone 13 series, featuring improved cameras, longer battery life, and a faster processor. The company expects strong demand for the new devices, which will be available for pre-order starting this Friday.
Read more at GlobeNewswire: LEADING EDGE MATERIALS REPORTS QUARTERLY RESULTS TO APRIL