Leading Edge Materials Reports Management Changes
TSX VENTURE: LEM
Blair Way CEO and President Resigns
VANCOUVER, Jan. 23, 2019 /CNW/ - Leading Edge Materials Corp. ("Leading Edge Materials" or the "Company") (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) announces a change in senior Management with the resignation of Mr. Blair Way, CEO and President. Mr. Way is resigning for personal reasons but will continue to be available as consultant to the Company to ensure a smooth transition and deliver support on an as needs basis in advancement of the Woxna graphite business.
Mr. Way's resignation is effective as of January 31st 2019. Mr. Mark Saxon, Director, has been named interim CEO and President.
Michael Hudson, Chairman stated "We thank Blair for his hard work and commitment over the last five years and wish him well for the future. We appreciate his ongoing input as we continue to progress the Woxna graphite project in Sweden."
On behalf of the Board of Directors,
Leading Edge Materials Corp.
Mr. Michael Hudson, Chairman
About Leading Edge Materials
Leading Edge Materials is a Canadian public company focused on production of high value critical raw materials for the European market, with an operating base in the Nordic region, a region well recognized for its promotion and investment in innovation. LEM's flagship asset is the Woxna Graphite production facility located in central Sweden targeting the supply of specialty materials for lithium ion battery production. LEM's assets and research focus are towards the raw materials for Li-ion batteries (graphite, lithium, cobalt); materials for high thermal efficiency building products (graphite, silica, nepheline); and materials that improve the efficiency of energy generation (dysprosium, neodymium, hafnium). Investments are linked to the global shift to low-carbon energy generation and energy storage. Leading Edge Materials currently operate in four divisions, Graphite, Lithium, Rare Earth and Cobalt.
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 23 January, 2019 at 15:00 Vancouver time.
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.
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