Leading Edge Materials Conducts Closure of Previously Declared Non-Brokered Private Fundraising
Leading Edge Materials Corp., a Canadian public company focused on critical raw materials, has announced the successful closure of a non-brokered private placement. The financing raised CAD 2,838,160 through the issuance of 17,738,500 units at a price of CAD 0.16 per unit.
Each unit consists of one common share and one common share purchase warrant. The warrants entitle the holder to purchase an additional common share at CAD 0.32 until four years from the closing date.
A significant portion of the private placement involved insider participation. Eric Krafft, a director of the company, acquired 10,666,000 units, resulting in him holding approximately 38.30% of the issued and outstanding common shares on a non-diluted basis and 48.28% on a partially diluted basis.
Initially, it was reported that a finder's fee of 6% was paid on a portion of the placement. However, Leading Edge Materials later clarified that no finder's fee was paid in connection with the closing of the financing.
The funds raised from the private placement are intended to further develop the company's projects in Sweden and Romania. These projects include the Woxna Graphite mine in Sweden, the Norra Kärr Heavy Rare Earth Elements project in Sweden, and the Bihor Sud Nickel Cobalt exploration alliance in Romania. These developments align with the European Union's critical raw materials strategy, particularly for applications in lithium-ion batteries, permanent magnets, and defense technologies.
The stock recently showed a gain of 1.05% on August 22, 2025, reaching $0.129. However, forecasts suggest a potential decline in stock price over the next three months, with a predicted range between $0.0600 and $0.0885. This indicates a short-term volatility in the stock price, which might be influenced by overall market conditions and the company's project development progress.
Leading Edge Materials Corp. is listed on the TSXV under the symbol "LEM", OTCQB under the symbol "LEMIF", and Nasdaq First North Stockholm under the symbol "LEMSE". Svensk Kapitalmarknadsgranskning ("SKMG") is the Company's Certified Adviser for the Nasdaq First North Growth Market (Stockholm).
The private placement is subject to final approval from the TSX Venture Exchange. The securities issued are subject to applicable statutory resale restrictions, with a hold period expiring on December 15, 2025. The press release is subject to restrictions in certain jurisdictions.
For more information, please contact Leading Edge Materials Corp.'s contact person via email at [email protected] or by phone at +46 (0)8 913 008. The press release does not constitute an offer or solicitation to buy or subscribe for any securities in Leading Edge Materials in any jurisdiction.
References:
- Leading Edge Materials Corp. Press Release - August 22, 2025
- Leading Edge Materials Corp. Insider Report - August 22, 2025
- Leading Edge Materials Corp. Finder's Fee Clarification - August 23, 2025
- Leading Edge Materials Corp. Finder's Fee Correction - August 24, 2025
- Leading Edge Materials Corp. Stock Forecast - August 25, 2025
- The Toronto Stock Exchange Venture (TSXV) listing for Leading Edge Materials Corp., a business focused on critical raw materials, has a significant portion of recent financing proceeds coming from insider participation, as reported in the Toronto news.
- In Toronto, Leading Edge Materials Corp., a company involved in business, law, finance, and investing, has announced a successful private placement that raised CAD 2,838,160. Despite early reports suggesting a finder's fee was paid, the company later clarified that no finder's fee was paid in connection with the closing of the financing, as reported in a later news update.
- The business strategy of Leading Edge Materials Corp., listed on the TSXV, OTCQB, and Nasdaq First North Stockholm, will employ the funds from the recent private placement to further develop projects in Sweden and Romania, particularly aligning with the European Union's critical raw materials strategy. However, forecasts suggest a potential decline in stock price over the next three months, as reported in the latest Toronto finance news.
