VANCOUVER, May 4, 2020 /CNW/ - Leading Edge
Materials Corp. ("Leading Edge Materials" or
the "Company") (TSXV: LEM) (Nasdaq First
North: LEMSE) (OTCQB: LEMIF) announces changes to the
Board of Directors and senior Management.
Effective immediately, Mr Michael
Hudson, Mr Mark Saxon and Mr
Filip Kozlowski have resigned as
Directors of Leading Edge Materials. Mr Hudson and Mr Saxon
have served as Directors since the public listing of the
Company.
The Company welcomes Mr Lars-Eric
Johansson, Mr Daniel
Major and Mr Eric Krafft
to the Board of Directors.
Concurrently, Leading Edge Materials announces a change in
senior Management with the appointment of Mr Filip Kozlowski, current Director, as CEO.
Mr Kozlowski replaces Mr Mark Saxon,
former Interim CEO and President, effective immediately.
An expanding interest for European sustainably sourced critical
raw materials has encouraged Leading Edge Materials to pursue
mechanisms to accelerate the progress of the Company's Swedish
portfolio. Strengthening of the Board with European
focused individuals with deep development and operational
experience is an important step towards this goal.
Mr Johansson has had an extensive career in the mining industry,
most recently as President and CEO of Ivanhoe Mines, and previously CFO of Kinross
Gold Corporation, Noranda Inc and Falconbridge Ltd in Canada and Vice President and CFO of Boliden
Mineral AB in his native Sweden. Mr Johansson with his
Swedish background and unrivaled industry connections is a valuable
addition and has been appointed Non-Executive Chairman of the
Board.
Mr Daniel Major is a mining
engineer from the Camborne School of Mines in the UK and currently
holds the position of CEO for GoviEx Uranium Inc. Mr Major
brings extensive operations background and knowledge of the mining
industry.
Mr Eric Krafft is a Swedish
private investor across a number of different industries and also a
substantial shareholder of the Company (see press release
20191231).
All new Directors are based in Europe and the addition of their combined
skills and experience to the Leading Edge Materials team shall
provide the necessary platform for development of the Company's
portfolio of European critical materials projects.
Mr Kozlowski has been a Director of the Company for three years,
and brings unparalleled insight into Swedish financial, battery and
mining markets. Based in Stockholm, Mr Kozlowski with support from the
new board is well placed to lead the Company as it progresses the
development of the different assets currently owned by the
Company.
Mr Kozlowski, CEO stated "We thank Mr Saxon for fulfilling
the role of Interim CEO for the past year, and we appreciate his
ongoing association as a technical advisor and for Mr Hudson's
contribution as Non-Executive Chairman and Director.
I, together with the new board, look forward to update existing
and prospective shareholders over the near-term on the future
development strategy of the Company."
Mr Mark Saxon shall remain
available as a technical consultant and Qualified Person for the
Company. Mr Nick Demare will
retain the position of CFO and Corporate Secretary.
On behalf of the Board of Directors,
Leading Edge
Materials Corp.
Filip Kozlowski, CEO
About Leading Edge Materials
Leading Edge Materials is a Canadian public company focused on
development of high value critical raw materials for the European
market. LEM's assets and research focus are towards the raw
materials for Li-ion batteries, high thermal efficiency and
materials that improve the efficiency of energy generation.
Investments are linked to the global shift to low-carbon energy
generation and energy storage.
Additional Information
The Company's latest available financial statements and related
management's discussion and analysis are available on the Company's
website at www.leadingedgematerials.com or under its profile
on SEDAR at www.sedar.com
This information is inside information that Leading Edge
Materials Corp. (publ). is obliged to make public pursuant to the
EU Market Abuse Regulation. The information was submitted for
publication through the agency of the contact person set out below,
at May 4, 2020 at 4:45 pm Vancouver time.
Leading Edge Materials is listed on the TSXV under the symbol
"LEM" and Nasdaq First North Stockholm under the symbol "
LEMSE". Mangold Fondkommission AB is the Company's Certified
Adviser on Nasdaq First North and may be contacted via email
CA@mangold.se or by phone +46 (0) 8 5030 1550.
Reader Advisory
This news release may contain statements which constitute
"forward-looking information", including statements regarding the
plans, intentions, beliefs and current expectations of the Company,
its directors, or its officers with respect to the future business
activities of the Company. The words "may", "would", "could",
"will", "intend", "plan", "anticipate", "believe", "estimate",
"expect" and similar expressions, as they relate to the Company, or
its management, are intended to identify such forward-looking
statements. Investors are cautioned that any such forward-looking
statements are not guarantees of future business activities and
involve risks and uncertainties, and that the Company's future
business activities may differ materially from those in the
forward-looking statements as a result of various factors,
including, but not limited to, fluctuations in market prices,
successes of the operations of the Company, continued availability
of capital and financing and general economic, market or business
conditions. There can be no assurances that such information will
prove accurate and, therefore, readers are advised to rely on their
own evaluation of such uncertainties. The Company does not assume
any obligation to update any forward-looking information except as
required under the applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accept responsibility for the adequacy or
accuracy of this news release.
SOURCE Leading Edge Materials