LEADING EDGE MATERIALS COMMENCES ENVIRONMENTAL IMPACT ASSESSMENT FOR NORRA KÄRR

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Postmedia has not reviewed the content. by GlobeNewswire LEADING EDGE MATERIALS COMMENCES ENVIRONMENTAL IMPACT ASSESSMENT FOR NORRA KÄRRAuthor of the article:NEWS RELEASE October 27, 2026THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountLEADING EDGE MATERIALS COMMENCES ENVIRONMENTAL IMPACT ASSESSMENT FOR NORRA KÄRREnvironmental Impact Assessment (“EIA”) work has commenced at Norra Kärr.Leading Swedish environmental consultancy Ecogain appointed to support the EIA process and studies required for environmental permitting.EIA will form the basis of the application for an environmental permit under the Swedish Environmental Code, planned for submission during 2027.Following the award of the 25-year mining lease in June this year, the EIA marks the next important development phase towards Norra Kärr being the Europe’s first heavy rare earths mine.This advertisement has not loaded yet, but your article continues below.Vancouver, October 27, 2026 – Leading Edge Materials Corp. (“Leading Edge Materials” or the “Company”) (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) (FRA: 7FL) is pleased to announce that its wholly owned Swedish subsidiary, Greenna Mineral AB (“Greenna Mineral”), has commenced work on the Environmental Impact Assessment for the Norra Kärr Heavy Rare Earth Elements Project.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againThe EIA marks an important step in the permitting process following the Swedish Government’s decision to grant an Exploitation Concession (Sw. bearbetningskoncession) for Norra Kärr. With the Concession in place, the Company is now advancing towards an application for an environmental permit under the Swedish Environmental Code (Sw. miljöbalken), which is planned for submission during 2027.From concession to environmental permitThe Exploitation Concession confirms the Company’s right to extract the mineral deposit and establishes that the site is suitable for mining. The environmental permit, which is reviewed by the Land and Environment Court (Sw. Mark- och miljödomstolen), will set out the detailed conditions under which mining operations may be carried out.This advertisement has not loaded yet, but your article continues below.The EIA will provide the comprehensive knowledge base required for this application. It will build on the revised project design presented in the Concession application, under which chemical processing will take place at a separate location, significantly reducing the project’s environmental footprint at site.The EIA work will initially focus on a nature value inventory (Sw. naturvärdesinventering) and preliminary studies. The scope of further investigations, and the areas they will cover, will then be determined through the consultation process, in dialogue with authorities, local communities and other stakeholders. This approach ensures that the EIA addresses the issues identified as most relevant by those concerned, in line with the requirements of the Swedish Environmental Code.Continued stakeholder dialogueConsultation is a central component of the Swedish environmental permitting process and Greenna Mineral will continue to engage with authorities, landowners, local residents, organisations and other stakeholders, building on the dialogue established during the Concession process.This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.Kurt Budge, Chief Executive Officer, commented:“The start of the Environmental Impact Assessment marks an important milestone for Norra Kärr. With the Exploitation Concession secured, we are now focused on building the robust, science-based foundation required for a successful environmental permit application. “I am very pleased to have Ecogain’s deep experience of Swedish environmental permitting as we move forwards. We will carry out thorough investigations while maintaining an open and constructive dialogue with local communities and authorities.“Europe’s need for a secure, domestic supply of heavy rare earths – dysprosium, terbium and yttrium – has never been more urgent. Advancing Norra Kärr through the environmental permitting process in a responsible and timely manner is our clear priority, and we look forward to submitting our application during 2027.”Ecogain is a leading Swedish environmental consultancy in biodiversity, helping companies and society integrate nature into strategic decisions. Founded in 2001, Ecogain works at the intersection of ecology, environmental law and business, combining scientific depth with long practical experience of the Swedish environmental permitting process. Together with the Swedish mining industry association Svemin and its members, Ecogain developed Mining with Nature, the industry’s roadmap for biodiversity, including guidance on compensation and restoration.This advertisement has not loaded yet, but your article continues below.About the Norra Kärr ProjectNorra Kärr is one of Europe’s most significant deposits of heavy rare earth elements. The project’s strategic value is underpinned by its high dysprosium and terbium (“Dy/Tb”) content, critical inputs for permanent magnets used in electric vehicles, wind turbines, and defence applications.On 25 June 2026, an Exploitation Concession (Sw. bearbetningskoncession) – 25-year mining lease – was granted by the Swedish Government following a formal recommendation from the Mining Inspectorate (Sw. Bergsstaten), which submitted the application to the Government for a final decision after all involved agencies had either endorsed the application or recommended approval.The strategic importance of heavy rare earth elements to Europe’s industrial future has never been more apparent. As China’s export controls have demonstrated, access to dysprosium, terbium and yttrium cannot be taken for granted — and the consequences of supply disruption are severe. Norra Kärr, now holding an Exploitation Concession, is key to addressing Europe’s critical risk exposure.This advertisement has not loaded yet, but your article continues below.On behalf of the Board of Directors,Leading Edge Materials Corp.Corporate Head Office (Vancouver, Canada): 778-686-5357About Leading Edge MaterialsLeading Edge Materials Corp. is a Canadian-listed company focused on developing critical raw material assets across the European Union. Its primary focus is the wholly owned Norra Kärr Heavy Rare Earth Element project in Sweden — one of the world’s most strategically significant heavy rare earth deposits and among the few advanced-stage projects within the EU capable of producing dysprosium, terbium, and yttrium at meaningful scale.Situated in one of the globe’s most politically and regulatory stable mining environments, Norra Kärr is well-positioned to contribute directly to the objectives of the EU’s Critical Raw Materials Act, including the bloc’s target of sourcing 10% of its critical raw material consumption domestically by 2030. Beyond rare earths, the Company owns the Woxna Graphite mine in Sweden — a fully constructed and permitted facility — and has an exploration alliance in Romania.This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.The information was submitted for publication through the agency of the contact person set out above, on October 27, 2026, at 23:30 Vancouver time.Leading Edge Materials 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) and may be contacted via email ca@skmg.se or by phone +46 (0)8 913 008.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, the ability of the parties to conclude a definitive Sale and Purchase Agreement, the results of testwork and market studies, 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.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.