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$LEM.V

2 stories mentioning LEM.VUpdated 27d ago

Every FINWIRES story that references LEM.V, newest first.

Mining & Metals

Leading Edge Materials Raises Stake in Romanian Project to 90%

Leading Edge Materials (LEM.V) has increased its stake in the Bihor Sud exploration license joint venture in Romania to 90%, the company said overnight Tuesday.The higher interest reflects the company's eight years of investment in the cobalt-nickel project.Meanwhile, Leading Edge is in discussions to secure new investment into LEM Romania to advance underground exploration at Avram Iancu, which is part of the Bihor Sud project.A work program planned in June/July at Avram Iancu aims to systematically characterize a mineralized zone, estimated at approximately 2 kilometers along strike and 300 meters in width, outcropping on both sides of the valley.

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Mining & Metals

Leading Edge Materials Nearing Positive Recommendation In Sweden for Norra Karr Project

Leading Edge Materials (LEM.V) said Monday that the Swedish Mining Inspectorate has recommended approval of the company's exploitation concession for the Norra Karr rare earths project.Following the positive recommendation, Leading Edge said every government agency in the permitting process to date has either endorsed the company's application or recommended its approval.The final decision now rests with the Swedish government, Leading Edge said."An exploitation concession would represent a transformative milestone for the company, giving both investors and customers the confidence they need to move forward alongside us," Chief Executive Officer Kurt Budge said."The security it provides over the Norra Karr deposit will enable us to accelerate our technical, environmental and social studies, and to advance through the remaining permitting stages toward eventual construction and production of critically important heavy rare earth elements," Budge added.Price: $0.28, Change: $-0.01, Percent Change: -1.79%

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