Leading Edge Materials Corp. has closed a non-brokered private placement, issuing 17,738,500 units at C$0.16 per unit, resulting in gross proceeds of C$2,838,160. Each unit includes one common share and one warrant to purchase another share at C$0.32. The funds will be used for projects in Sweden and Romania, as well as for general working capital. Insiders purchased 10,666,000 units, with director Eric Krafft now owning 38.30% of the company’s common shares. The private placement is subject to final approval from the TSX Venture Exchange, with a hold period expiring on December 15, 2025.

Read more at GlobeNewswire: LEADING EDGE MATERIALS ANNOUNCES CLOSING OF PREVIOUSLY