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LEMSE) ( OTCQB: LEMIF) is pleased to announce the results of a Preliminary Economic Assessment study ( PEA or the “Report”) for the development of its 100%-owned Norra Karr REE project located in Sweden (“Norra Karr” or the “Project”). The PEA was prepared by SRK (UK) Ltd. (“SRK”) and all figures in the PEA are US dollars unless otherwise specified. As previously announced, the Company commissioned SRK to re-evaluate the Project at PEA level with the objective to improve resource utilization, project sustainability and substantially minimize environmental footprint of the Project compared to the design in the pre-feasibility study which was released in 2015

United kingdomBritish columbiaCity ofJonkopings lanVastra gotalands lanMinas geraisNorra karrSweden generalKingdom of swedenMartin pittuck mscFilip kozlowskiRob bowellMartin pittuckGeological society of londonCompany swedishSupreme administrative court