Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Leading Edge Materials looking to list in Sweden amid increasing European investor interest

The firm has filed preliminary documents with Nasdaq Stockholm AB for a proposed dual listing
Leading Edge Materials looking to list in Sweden amid increasing European investor interest
Nasdaq Stockholm is a very active market, with 56 new listings during the first half of this year

Shares in Leading Edge Materials Corp (CVE:LEM) advanced over 3% on Thursday, having risen 5% yesterday after revealing it had applied to list its shares on the  Nasdaq First North Stockholm.

It comes as the high tech metals group attracts increasing interest from European investors.

It has filed preliminary  documents with Nasdaq Stockholm AB for a proposed dual listing, it revealed on Wednesday, and, if it is successful, hopes the process will be completed before the end of the year.

"Listing of Leading Edge Materials on Nasdaq First North Stockholm is a natural next step as we build our business to serve the specialty materials needs of the European Union," said Blair Way, Leading Edge's president and chief executive.

The group said it had been "encouraged" by a steady increase in interest from European investors over the past year.

"This positive trend matches the growing European awareness of the rapid global shift to electric mobility, and the need for secure critical raw material supply chains if the European automotive industry is to play a leading role," the company said.

Nasdaq Stockholm is a very active market, with 56 new listings during the first half of this year.

The Nordic region boasts the largest retail presence in the world per capita, with small private investors and professional investors taking an active role in the market

Last month, Leading Edge reported positive results from testing of material from its Norra Karr heavy REE (rare earth element) deposit in Sweden, including a development process it described as a potential "game -changer".

The research was completed under the European Commission-financed EURARE project and made significant technical milestones.

Produced was around 25kg of mixed REE carbonate from concentrate, using a new hydrometallurgical method, LEM said.

Significantly, this delivered  high REE recovery with a substantial reduction in water used and recovered additional high-value metals hafnium and zirconium.

View full LEM profile View Profile

Leading Edge Materials Corp Timeline

Related Articles

1520397699_Capture.JPG---rvr.JPG
March 07 2018
Production at Thalanga is forecast to grow more than 50% between 2018 and 2019.
1528891944_Berkwood-Resources---drill-core.jpg
June 13 2018
Lac Guéret Extensions is adjacent to one of the highest grade graphite projects in the world
reverse circulation drill rig
April 19 2018
Drilling underway is targeting maiden resources at the Lydia and Crown Prince prospects.

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use