Addressing the European REE shortage

Leading Edge Materials (LEM) offers strategic, European-based exposure to critical heavy rare earth elements (HREEs) through its 100%-owned Norra Kärr project in Sweden. Against a backdrop of structurally tight HREE supply and elevated global REE pricing, Norra Kärr represents one of the few advanced Western assets capable of delivering substantial volumes of permanent magnet HREEs. With significant progress on permitting, an updated pre-feasibility study (PFS) due in H226 and a generally supportive political environment, LEM is well positioned to supply the European EV, renewable energy and defence sectors, while trading at a steep discount to its fundamental value.