03 Leading Edge Materials Reports Fiscal 2021 Results

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Driving Edge Materials Reports Fiscal 2021 Results

(MENAFN-GlobeNewsWire - Nasdaq)

Vancouver, January 26, 2022 - Leading Edge Materials Corp. (" Leading Edge Materials " or the" Company ") ( TSXV: LEM ) ( Nasdaq First North: LEMSE ) ( OTCQB: LEMIF ) (FRA : 7FL) declares results for the financial year finishing October 31, 2021. All references to dollar sums in this delivery are in Canadian dollars.

Vancouver, January 26, 2022 - Leading Edge Materials Corp. (" Leading Edge Materials " or the" Company ") ( TSXV: LEM ) ( Nasdaq First North: LEMSE ) ( OTCQB: LEMIF ) (FRA : 7FL) declares results for the financial year finishing October 31, 2021. All references to dollar sums in this delivery are in Canadian dollars.

Features During and After Fiscal 2021

Features During and After Fiscal 2021

During monetary 2021, the Company:

During monetary 2021, the Company:

Charged Minviro Ltd., a London based universally perceived life cycle appraisal ("LCA") consultancy, to construct a LCA model and convey a LCA report for the Woxna Graphite project. The LCA work completed by Minviro incorporated a support to-door life cycle stock and a day to day existence cycle sway appraisal for five effect classes of interest. The outcomes were conveyed to the Company in type of an ISO-Compliant Full Life Cycle Assessment and Report.

Charged Minviro Ltd., a London based universally perceived life cycle appraisal ("LCA") consultancy, to construct a LCA model and convey a LCA report for the Woxna Graphite project. The LCA work completed by Minviro incorporated a support to-door life cycle stock and a day to day existence cycle sway appraisal for five effect classes of interest. The outcomes were conveyed to the Company in type of an ISO-Compliant Full Life Cycle Assessment and Report.

Designated Mr. Sanjay Swarup as new Chief Financial Officer on March 1, 2021.

Finished the deal to United Lithium Corp. (ULTH) of 100 percent of the Bergby Lithium project.

Reported that the Mining Inspectorate of Sweden dismissed the digging lease application for the Norra Karr project. The Company along these lines pursued this choice to the Government of Sweden.

Declared positive fundamental financial evaluation results for its Woxna graphite anode project with US$317/US$248 million pre/post-charge NPV and 42.9%/37.4% pre/post-charge IRR with the ensuing documenting of the specialized report named 'NI 43-101 Technical Report - Woxna Graphite' arranged for Woxna Graphite AB with powerful date June 9, 2021 and issue date July 23, 2021, accessible on Leading Edge's site and under its SEDAR profile

Reported positive starter financial appraisal results for its Norra Karr REE project with pre-and post-charge Net Present Value (NPV) of $1,026M and $762M utilizing a 10% markdown rate and pre-and post-charge Internal Rate of Return (IRR) of 30.8% and 26.3%. Thusly documented the specialized report titled"PRELIMINARY ECONOMIC ASSESSMENT OF NORRA KARR RARE EARTH DEPOSIT AND POTENTIAL BY-PRODUCTS, SWEDEN' arranged for Leading Edge Materials Corp. with viable date August 18, 2021 and issue date August 19, 2021, accessible on Leading Edge's site and under its SEDAR profile

Declared that its 100 percent possessed Swedish auxiliary Woxna Graphite AB marked a non-restricting Heads of Agreement with Sicona Battery Technologies Pty Ltd spreading out the way for the foundation of a Sweden based 50/50 Joint Venture focusing on the development of cutting edge normal graphite and silicon-graphite-carbon composite dynamic anode materials.

After financial 2021:

4,364,285 and 57,143 warrants were practiced at $0.37 and $0.10 separately for continues of $1,620,499 with a huge cooperation by insiders of the Company, and 200,000 choices were practiced at $0.225 for continues of $45,000.

4,364,285 and 57,143 warrants were practiced at $0.37 and $0.10 separately for continues of $1,620,499 with a huge cooperation by insiders of the Company, and 200,000 choices were practiced at $0.225 for continues of $45,000.

Consequences of Operations

90 days Ended October 31, 2021 Compared to Three Months Ended July 31, 2021

90 days Ended October 31, 2021 Compared to Three Months Ended July 31, 2021

During the three months finished October 31, 2021 ("Q4") the Company revealed a total deficit of $554,925 contrasted with a detailed overal deficit of $1,077,588 for the three months finished July 31, 2021 ("Q3"), a lessening in deficiency of $522,663, the diminishing in misfortune is essentially because of market to advertise misfortune reserved for $430,315 in Q3 contrasted with an imprint to showcase gain of $122,484 booked in Q4.

During the three months finished October 31, 2021 ("Q4") the Company revealed a total deficit of $554,925 contrasted with a detailed overal deficit of $1,077,588 for the three months finished July 31, 2021 ("Q3"), a lessening in deficiency of $522,663, the diminishing in misfortune is essentially because of market to advertise misfortune reserved for $430,315 in Q3 contrasted with an imprint to showcase gain of $122,484 booked in Q4.

Year Ended October 31, 2021 Compared to Year Ended October 31, 2020

Year Ended October 31, 2021 Compared to Year Ended October 31, 2020

During the year finished October 31, 2021 ("2021 period") the Company detailed a total deficit of $1,210,718 contrasted with an overal deficit of $1,721,821 for the year finished October 31, 2020 ("2020 period"), a decline in deficiency of $511,103. The reduction in misfortune was principally ascribed to the addition on the offer of the Bergby Project in the 2021 period.

During the year finished October 31, 2021 ("2021 period") the Company detailed a total deficit of $1,210,718 contrasted with an overal deficit of $1,721,821 for the year finished October 31, 2020 ("2020 period"), a decline in deficiency of $511,103. The reduction in misfortune was principally ascribed to the addition on the offer of the Bergby Project in the 2021 period.

Chosen Financial Data

Chosen Financial Data

The accompanying chosen monetary data is gotten from the examined dense combined break budget reports of the Company ready as per IFRS.

The accompanying chosen monetary data is gotten from the examined dense combined break budget reports of the Company ready as per IFRS.

Monetary 2021 Fiscal 2020 Three Months Ended October 31,2021$ July 31,2021$ April 30,2021$ January 31,2021$ October 31,2020$ July 31,2020$ April 30,2020$ January 31,2020$ Operations Expenses (460,907) (600,531) (483,495) (664,674) (882,556) (420,959) (337,609) (375,930) Other things (94,018) (477,057) 1,573,567 (3,603) 327,987 (21,567) 20,187 (31,374) Comprehensive benefit/(misfortune) (554,925) (1,077,588) 1,090,072 (668,277) (554,569) (442,526) (317,422) (407,304) Basic Profit/(misfortune) per share (0.01) (0.01) 0.01 (0.00) (0.01) (0.00) (0.00) (0.00) Diluted benefit/(misfortune) per share (0.01) (0.01) 0.01 (0.00) (0.01) (0.00) (0.00) (0.00) Financial Position Working capital 2,350,166 2,803,903 3,935,156 2,598,191 3,277,010 3,354,422 499,883 711,727 Total resources 28,756,406 28,455,148 29,133,933 28,759,753 27,218,052 27,832,104 24,722,718 24,803,562 Total non-current liabilities (9,946,686) (9,054,376) (8,620,700) (9,154,787) (7,053,874) (7,486,123) (7,452,242) (7,154,761)

Monetary 2021 Fiscal 2020 Three Months Ended October 31,2021$ July 31,2021$ April 30,2021$ January 31,2021$ October 31,2020$ July 31,2020$ April 30,2020$ January 31,2020$ Operations Expenses (460,907) (600,531) (483,495) (664,674) (882,556) (420,959) (337,609) (375,930) Other things (94,018) (477,057) 1,573,567 (3,603) 327,987 (21,567) 20,187 (31,374) Comprehensive benefit/(misfortune) (554,925) (1,077,588) 1,090,072 (668,277) (554,569) (442,526) (317,422) (407,304) Basic Profit/(misfortune) per share (0.01) (0.01) 0.01 (0.00) (0.01) (0.00) (0.00) (0.00) Diluted benefit/(misfortune) per share (0.01) (0.01) 0.01 (0.00) (0.01) (0.00) (0.00) (0.00) Financial Position Working capital 2,350,166 2,803,903 3,935,156 2,598,191 3,277,010 3,354,422 499,883 711,727 Total resources 28,756,406 28,455,148 29,133,933 28,759,753 27,218,052 27,832,104 24,722,718 24,803,562 Total non-current liabilities (9,946,686) (9,054,376) (8,620,700) (9,154,787) (7,053,874) (7,486,123) (7,452,242) (7,154,761)

Monetary Condition/Capital Resources

During the year finished October 31, 2021, the Company recorded a total deficit of $1,210,718 and, as at October 31, 2021 the Company had an aggregated shortfall of $41,104,271 and working capital of $2,350,166. The Company is keeping up with its Woxna Graphite Mine on a"production-prepared" premise to limit costs and is leading continuous innovative work to deliver higher specialty items. The Company guesses that it has adequate financing to meet expected degrees of corporate organization and overheads for the following a year nonetheless, it will require extra money to give working capital and recommence tasks at the Woxna Graphite Mine as well as modernize the plant to deliver esteem added creation, to subsidize future advancement of the Norra Karr Property and complete the offering system and, if effective, investigation exercises in Romania. There is no confirmation such extra capital will be accessible to the Company based on satisfactory conditions or by any means. In the more drawn out term the recoverability of the conveying worth of the Company's seemingly perpetual resources is subject to the Company's capacity to protect its advantage in the basic mineral property interests, the revelation of financially recoverable stores, the accomplishment of beneficial activities and the capacity of the Company to get financing to help its continuous investigation projects and mining tasks. See also"COVID-19".

During the year finished October 31, 2021, the Company recorded a total deficit of $1,210,718 and, as at October 31, 2021 the Company had an aggregated shortfall of $41,104,271 and working capital of $2,350,166. The Company is keeping up with its Woxna Graphite Mine on a"production-prepared" premise to limit costs and is leading continuous innovative work to deliver higher specialty items. The Company guesses that it has adequate financing to meet expected degrees of corporate organization and overheads for the following a year nonetheless, it will require extra money to give working capital and recommence tasks at the Woxna Graphite Mine as well as modernize the plant to deliver esteem added creation, to subsidize future advancement of the Norra Karr Property and complete the offering system and, if effective, investigation exercises in Romania. There is no confirmation such extra capital will be accessible to the Company based on satisfactory conditions or by any means. In the more drawn out term the recoverability of the conveying worth of the Company's seemingly perpetual resources is subject to the Company's capacity to protect its advantage in the basic mineral property interests, the revelation of financially recoverable stores, the accomplishment of beneficial activities and the capacity of the Company to get financing to help its continuous investigation projects and mining tasks. See also"COVID-19".

During the year finished October 31, 2021, 493,109 choices and 63,571 warrants were practiced for gross returns of $95,348 and $6,357 separately.

During the year finished October 31, 2021, 493,109 choices and 63,571 warrants were practiced for gross returns of $95,348 and $6,357 separately.

During monetary 2020 the Company finished the accompanying private arrangement financings:

During monetary 2020 the Company finished the accompanying private arrangement financings:

(I) 18,000,000 units at $0.056 per unit for gross returns of $1,008,000; and

(I) 18,000,000 units at $0.056 per unit for gross returns of $1,008,000; and

(ii) 32,000,000 units at a cost of $0.11 per unit for gross returns of $3,520,000.

(ii) 32,000,000 units at a cost of $0.11 per unit for gross returns of $3,520,000.

Furthermore, during monetary 2020 the Company gave 800,000 normal offers on the activity of warrants for $80,000. The net returns from these financings and warrant practices have been assigned to keep up with the Company's ventures in Sweden and Romania and for general working capital and corporate purposes.

Furthermore, during monetary 2020 the Company gave 800,000 normal offers on the activity of warrants for $80,000. The net returns from these financings and warrant practices have been assigned to keep up with the Company's ventures in Sweden and Romania and for general working capital and corporate purposes.

Viewpoint

Viewpoint

In December 2021 out of the blue, there were more electric vehicles than diesel vehicles sold in Europe1. In the interim, during the last days of the year, Northvolt created its first battery cell at the Swedish gigafactory, moving towards business creation in 20222. The energy change in Europe is really in progress, and comparable advancements should be visible across the globe. The interest development from the downstream, combined with proceeded with production network interruptions because of the continuous pandemic and a worldwide power crunch3 has brought about absence of supply and coming about cost increments for the unrefined components expected to fuel the transition45. These advancements keep on supporting Leading Edge Material's business technique to set up safer and feasible inventory choices of basic unrefined substances.

In December 2021 out of the blue, there were more electric vehicles than diesel vehicles sold in Europe1. In the interim, during the last days of the year, Northvolt created its first battery cell at the Swedish gigafactory, moving towards business creation in 20222. The energy change in Europe is really in progress, and comparable advancements should be visible across the globe. The interest development from the downstream, combined with proceeded with production network interruptions because of the continuous pandemic and a worldwide power crunch3 has brought about absence of supply and coming about cost increments for the unrefined components expected to fuel the transition45. These advancements keep on supporting Leading Edge Material's business technique to set up safer and feasible inventory choices of basic unrefined substances.

Towards the finish of 2021, graphite's significance as a battery material came into the spotlight as Tesla recorded solicitations for tax exclusions due to not having the option to source this key anode material outside of China6. Presently, Tesla reported a future stockpile manage one of the arising US makers of regular graphite anode materials showing the significance of potential territorial inventory alternatives7. Graphite costs rose forcefully north of 2021 with consultancies expecting the value pattern to proceed into 2022 because of relentless interest development and supply challenges8. The International Monetary Fund went as far to say that graphite would be the material in the energy progress area encountering the biggest stock deficiency except if critical creation increments materialize9.

Towards the finish of 2021, graphite's significance as a battery material came into the spotlight as Tesla recorded solicitations for tax exclusions due to not having the option to source this key anode material outside of China6. Presently, Tesla reported a future stockpile manage one of the arising US makers of regular graphite anode materials showing the significance of potential territorial inventory alternatives7. Graphite costs rose forcefully north of 2021 with consultancies expecting the value pattern to proceed into 2022 because of relentless interest development and supply challenges8. The International Monetary Fund went as far to say that graphite would be the material in the energy progress area encountering the biggest stock deficiency except if critical creation increments materialize9.

Comparative market elements could be noticed for interesting earth components where costs for key uncommon earth oxides for long-lasting magnet creation rose somewhere in the range of 50 and 150 percent during 202110, with proceeded with strength in the new year11 12. The greater part of current spot costs are essentially higher13 than the costs that were utilized in the fundamental monetary appraisal for the Norra Karr project14. It is ending up being undeniable that the really worldwide provider, China, is progressively hoping to utilize its inward uncommon earth feedstocks to supply its own downstream customers15. Downstream clients and OEMs outside of China are observing with GE and GM declaring joint intends to build up secure and feasible worth chains for uncommon earths in North America and Europe16. GM along these lines declared two separate arrangements to source extremely durable magnets from US based production17. In Europe a comparative improvement was declared with Neo Performance Materials hoping to set up long-lasting magnet creation in Estonia18. This large number of downstream drives outside of China actually need subtleties of from where the intriguing earth unrefined components will be obtained, particularly for the weighty uncommon earths like dysprosium and terbium where even China is depending on non-trans

Comparative market elements could be noticed for interesting earth components where costs for key uncommon earth oxides for long-lasting magnet creation rose somewhere in the range of 50 and 150 percent during 202110, with proceeded with strength in the new year11 12. The greater part of current spot costs are essentially higher13 than the costs that were utilized in the fundamental monetary appraisal for the Norra Karr project14. It is ending up being undeniable that the really worldwide provider, China, is progressively hoping to utilize its inward uncommon earth feedstocks to supply its own downstream customers15. Downstream clients and OEMs outside of China are observing with GE and GM declaring joint intends to build up secure and feasible worth chains for uncommon earths in North America and Europe16. GM along these lines declared two separate arrangements to source extremely durable magnets from US based production17. In Europe a comparative improvement was declared with Neo Performance Materials hoping to set up long-lasting magnet creation in Estonia18. This large number of downstream drives outside of China actually need subtleties of from where the intriguing earth unrefined components will be obtained, particularly for the weighty uncommon earths like dysprosium and terbium where even China is depending on non-trans