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Last checked at Leading Edge Materials (LEM) offers differentiated European exposure to scarce heavy rare earths through its 100%-owned Norra Kärr project in Sweden. The investment case is supported by tight ex-China DyTb supply, a bifurcating rare earth market and two near-term catalysts: the exploitation concession decision and the updated PFS. In this report, we focus on Dy-equivalent resource and valuation metrics, which we believe better capture Norra Kärr’s relative exposure to the heavy magnet rare earth segment of the value chain.
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Leading Edge Ma Company Research (0V3V)
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Exceptional DyTb exposure at a hefty discount
Tue, 09th Jun 2026 08:39
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