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LEADING EDGE MATERIALS NEWS RELEASE LEADING EDGE MATERIALS CORP . 1305-1090 West Georgia Street , Vancouver , BC , V6E 3V7 info@leadingedgematerials.com | www.leadingedgematerials.com TSX.V : LEM | Nasdaq First North : LEMSE | OTCQB : LEMIF LEADING EDGE MATERIALS REPORTS June 23 , 2021 QUARTERLY RESULTS TO APRIL 30 , 2021 Vancouver , June 23 , 2021 - Leading Edge Materials Corp. ( " Leading Edge Materials " or the " Company " ) ( TSXV : LEM ) ( Nasdaq First North : LEMSE ) ( OTCQB : LEMIF ) announces second quarter results for the period ending April 30 , 2021. All references to dollar amounts in this release are in Canadian dollars unless otherwise specified . Highlights During and After the Quarter During the three months ended April 30 , 2021 the Company : • • Appointed Mr. Sanjay Swarup as new Chief Financial Officer on March 1 , 2021 Held its Annual General Meeting of Shareholders on April 21 , 2021 , where shareholders voted in favour of setting the number of directors at three and for the re - election of all director nominees . In addition , shareholders also approved the ratification of the Company's 10 % rolling stock option plan and the appointment of D & H Group LLP , Chartered Professional Accountants , as the auditors of the Company for the ensuing year and the authorization for the directors of the Company to fix their remuneration . On April 29 , 2021 , the company completed the sale to United Lithium Corp. ( ULTH ) of 100 % of the issued and outstanding share capital of Bergby Lithium AB Subsequent to April 30 , 2021 , the Company : • • • • On May 5 , 2021 , the Mining Inspectorate of Sweden decided to reject the mining lease application for the Norra Karr project . The Company subsequently appealed this decision to the Government of Sweden . The Company announced positive preliminary economic assessment results for its Woxna graphite anode project with US $ 317 / US $ 248 million pre / post - tax NPV and 42.9 % / 37.4 % pre / post - tax IRR on June 9 , 2021 . On June 21 , 2021 , the Company announced preliminary life cycle assessment results on the Woxna Graphite project demonstrating a potential 90 % lower carbon footprint compared with currently dominating Chinese supply alternatives . The company changed the name of its subsidiary from Tasman Metals AB to GRENNA Mineral AB . The company has filed the documents for dissolution of its subsidiary ACP Akku Oy .