Leading Edge Materials Corp : LEADING EDGE MATERIALS APPEALS NORRA KARR MINING LEASE APPLICATION REJECTION TO THE GOVERNMENT OF SWEDEN finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Vancouver, June 09, 2021 – Leading Edge Materials Corp. (“Leading Edge Materials” or the “Company”) (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF).
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On April 29, 2021, Leading Edge Materials Corp. (TSXV: LEM)
(Nasdaq First North: LEMSE) (OTCQB: LEMIF) completed its previously
announced sale of 100% of the issued and outstanding share capital
of Bergby Lithium AB ( Bergby ) to United Lithium Corp.
Bergby holds a 100% interest in the mining licenses comprising the
Bergby Lithium project located in central Sweden.
Leading Edge Materials is a Canadian company focused on
developing a portfolio of critical raw material projects located in
the European Union. The portfolio of projects includes the 100%
owned Woxna Graphite mine (Sweden), Norra Kärr HREE project
LEMSE) (
OTCQB: LEMIF) announces that it has received confirmation from the Mining Inspectorate of Sweden ( Bergsstaten ) that it has decided against approving the current mining lease application (the “Decision”) for Norra Karr nr1 (the Project ). The Company will now evaluate appropriate measures with its legal advisers, the most likely one being using its right to appeal the decision by Bergsstaten to the Government of Sweden.
The Company wishes to highlight the Decision is based on a 2013 design of the Project that is no longer relevant since the Company is in the final stages of completing a redesign of the project with a significant change in design and much reduced potential impact on any Natura 2000 areas. The updated technical study will form the basis for the application of a mining lease.
United Lithium Corp.: United Lithium Corp Completes Acquisition of 100% of the Bergby Lithium Project
United Lithium Corp. (CSE:ULTH)(OTC PINK:ULTHF)(FWB:0UL) (the
Company ) is pleased to announce, further to its news release dated February 11, 2021, that it has completed the acquisition (the
Acquisition ) from Leading Edge Materials Corp. (
Leading Edge ) of 100% of the issued and outstanding share capital of Bergby Lithium AB (
Bergby ), which holds a 100% interest in and to the mining licenses comprising the Bergby Lithium project (the
Project ), located in central Sweden, 25km north of Gavle.
Purchase Consideration
As consideration for the Acquisition, the Company has: (a) paid CAD$250,000 in cash; (b) issued 1,031,864 common shares in the capital of ULTH (each, a