Leading Edge Materials Corp's (CVE:LEM, OTCQB:LEMIF) is close to finalising test work to identify key equipment for the installation of a demonstration plant at the Woxna facility graphite mine in Sweden, it said, posting quarterly results.
This will allow the firm to show the commercial scaling of the process and produce samples of battery-grade materials.
Sustainable graphite anode material
Woxna Graphite's goal is to become the leading European producer and supplier of sustainable graphite anode material for lithium-ion batteries to meet forecast demand in Europe.
Meanwhile, its The Norra Karr rare-earths project is geared toward increasing community and government engagement to demonstrate the positive aspects of the project.
Its Swedish lithium objectives are to undertake early-stage exploration work to identify similar deposits to complement the Bergby lithium project on a regional level. Ground-based prospecting work is underway this summer.
At LEM's cobalt project, the aim is to undertake data review, combined with grassroots fieldwork, to determine if further exploration works are warranted.
For the three months to end July, the group reported a comprehensive loss of c$705,147 compared with a loss of $632,856 for the period to April 30.
This increased loss was mainly put down to general prospecting exploration expenses incurred in Romania of C$91,044.
Shares were unchanged at C$0.36.