NEWS & MEDIA

På onsdag den 10 december arrangerar Analyst Group och Direkt Studios en kapitalmarknadsdag där investerare ges möjlighet att ta del av bolagspresentationer från några av de mest spännande tillväxtbolagen på marknaden. Leading Edge Materials – Gruvbolag med tillgångar främst i Sverige, med fokus på kritiska råmaterial som grafit samt sällsynta jordartsmetaller.

Interview with Kurt Budge, CEO of Leading Edge Materials Corp. Our previous interview: https://www.cruxinvestor.com/posts/leading-edge-materials-tsxvlem-strategic-rare-earths-projects-amid-eus-critical-minerals-push-6094 Recording date: 27th November 2025 Leading Edge Materials Corp. (TSXV:LEM) is advancing its Norra Kärr heavy rare earth project in Sweden towards a prefeasibility study expected to complete in the first half of 2026, positioning one of Europe's few advanced-stage heavy rare earth assets closer to production. The project's production profile of 248 tonnes of dysprosium and 38 tonnes of terbium oxide compares directly to Lynas Rare Earths' recent Malaysian plant expansion, establishing Norra Kärr at strategically significant scale within global heavy rare earth supply. The strategic rationale for European heavy rare earth production has intensified as Chinese export restrictions throughout 2025 created supply disruptions and price volatility that industry leaders characterise as a crisis. Dysprosium and terbium are critical components in permanent magnets used in electric vehicle motors, wind turbines, and defence systems, with European manufacturers remaining almost entirely dependent on Chinese production. CEO Kurt Budge directly questions whether Europe can rely on heavy rare earths from potentially misaligned jurisdictions for defence equipment and armaments production, highlighting supply security as a national security imperative beyond industrial applications. Leading Edge Materials benefits from 16 years of technical work on Norra Kärr, providing a substantial data foundation that reduces technical risk compared to earlier-stage exploration projects. The current programme focuses on two critical work streams: optimising mineral processing using 28,000 metres of drill core for test work, and upgrading the mineral resource from inferred classification. The company is conducting hydrometallurgy assessment on eudialyte mineral concentrates containing heavy rare earths whilst evaluating nepheline syenite by-products for ceramics, glass, and coatings markets, providing dual revenue stream potential. The company's economic modelling focuses on mine gate economics without requiring integrated downstream processing infrastructure, acknowledging capital constraints whilst establishing fundamental extraction economics. This approach allows Norra Kärr to demonstrate project viability as if concentrates were sold to third-party processors, reducing capital requirements whilst maintaining optionality for future vertical integration. Independent market assessments are updating rare earth pricing decks and industrial mineral market analysis to inform the prefeasibility study economic model. Near-term catalysts include a mining lease decision expected in the near future, representing a critical regulatory milestone that de-risks the project and positions it favourably for government support programmes. Partnership discussions with downstream permanent magnet manufacturers are underway, with the company aiming to establish collaborative frameworks concurrent with prefeasibility study completion. The development timeline positions the resource approximately three to four years from production, assuming successful completion of studies and securing of project finance. European policymakers are actively discussing price support mechanisms, including floor prices and contracts for difference, modelled on US Department of War interventions for MP Materials. These mechanisms acknowledge that market manipulation by dominant suppliers creates investment risk requiring government intervention to ensure European heavy rare earth production. Sweden's positioning as a leading European mining nation provides jurisdictional advantages, with the current government articulating ambitions to lead European critical minerals production. The 2026 work programme represents a pivotal year for Leading Edge Materials, with prefeasibility study completion and mining lease approval expected to catalyse government funding or strategic investment from downstream partners seeking supply security. The company operates across multiple exchanges including Toronto, Stockholm, New York, and Frankfurt, facilitating access to European and North American capital markets focused on critical minerals supply security. View Leading Edge Materials' company profile: https://www.cruxinvestor.com/companies/leading-edge-materials Sign up for Crux Investor: https://cruxinvestor.com

00:00 Intro 00:22 Introduction to the company 00:55 How do the current state of geopolitics affect the company? 02:35 What does the market look like related to rare earth elements and graphite? 04:14 What´s the fokus right now? 05:55 The importance of Norra Kärr 07:48 A new call for Strategic Project application 08:56 Woxna Graphite - plans? 10:58 Progress in Romania 12:34 Capital raised during the summer 13:20 The road ahead 15:28 Leading Edge Materials stock price have raised + 125% Year to date - drivers?

In this interview, Kurt Budge, CEO of Leading Edge Materials, discusses the company’s strategic portfolio of critical raw materials projects in the EU, including the Norra Kärr heavy rare earths project and Woxna graphite mine in Sweden, as well as a polymetallic exploration alliance in Romania. Highlighting the impact of geopolitical uncertainties and the EU’s Critical Raw Materials Act, Budge explains how these dynamics position Leading Edge Materials to address the growing demand for secure, non-Chinese supply chains for rare earths and graphite, crucial for electric vehicles and defense applications. Company website: https://leadingedgematerials.com/ 🗓️ Recording date: October 1, 2025 📖 Chapters 0:00 Intro 1:22 Overview of Leading Edge Materials 2:16 Geopolitics benefiting company assets 3:38 Rare earth and Graphite big picture 5:46 Company's focus 8:09 Norra Kärr importance for Europe 9:59 Strategic project application call 11:43 Woxna restart and development 13:20 Romanian JV project 16:06 Financing in August 17:36 Milestones and future financing 19:57 Newsflow TRIANGLE INVESTOR SOCIAL MEDIA👇ℹ️ 🌐 Website: https://triangle-investor.com/ 🌍 Substack: https://triangleinvestor.substack.com/ (subscribe for free) 🌍 X (Twitter): https://x.com/capnek123 🎵Spotify: https://creators.spotify.com/pod/show/triangle-investor 🌍BSKY: https://bsky.app/profile/triangleinve... 🌍Facebook: https://www.facebook.com/p/Triangle-Investor-100091925766665/?_rdc=6&_rdr 🌍LinkedIn: https://www.linkedin.com/in/lucijan-valkovic/ ✉️Business inquires: triangle-investor@outlook.com About the channel: A series of interviews with an excellent source of information for investors interested in investing in uranium, gold, silver, copper and other commodities. We cover the macro story with well-known guests from commodity world and host company CEOs where we try to bring the details of a certain company, plans and important metrics closer to the average investor. _________________________________________________________________________ IMPORTANT DISCLAIMER: Presented company is our client so this may be considered as paid production! The content provided by Triangle Investor, including but not limited to its website (www.triangle-investor.com), newsletters, articles, podcasts, social media posts, and marketing materials, is for informational and entertainment purposes only.It does not constitute financial, investment, legal, tax, or professional advice. Triangle Investor and its affiliates, including its founder, contributors, and partners, are not registered financial advisors, investment advisors, or broker-dealers, and do not provide personalized investment recommendations. No information presented by Triangle Investor should be interpreted as a recommendation to buy, sell, or hold any securities, commodities, services, products or other financial instruments. Any opinions, analyses, or projections expressed in our content reflect the personal views of the contributors at the time of publication and are subject to change without notice.Past performance of any investment or company discussed is not indicative of future results, and all investments carry inherent risks, including the potential for loss of principal. Investors are solely responsible for conducting their own due diligence and consulting with qualified financial professionals before making any investment decisions. Triangle Investor does not guarantee the accuracy, completeness, or timeliness of the information provided, and we are not liable for any errors, omissions, or inaccuracies in our content. External links, guest interviews, or third-party content featured by Triangle Investor are provided for convenience and do not imply endorsement or verification of the information contained therein. Commodity markets, including uranium, gold, silver, and copper, are highly volatile and subject to significant risks influenced by economic, geopolitical, and environmental factors. Investors should carefully consider their financial situation, risk tolerance, and investment objectives before engaging in such markets. Triangle Investor assumes no responsibility or liability for any financial losses or damages resulting from the use of or reliance on our content. By accessing Triangle Investor’s content, you acknowledge and agree to these terms and assume full responsibility for any actions taken based on the information provided. For personalized financial advice, please consult a licensed financial advisor or professional. #criticalminerals #rareearth #rareearthminerals #graphite #nickel