Leading Edge Materials Corp. (LEM) Financings
TSXV: LEM · REE · Development stage
- Market cap$52.4M
- Share price$0.190
- 52-week range$0.190 – $0.445
- Shares outstanding275,912,449
- ExchangeTSXV
- Websiteleadingedgematerials.com
Leading Edge Materials Corp. is a Canadian-listed company focused on developing critical raw material assets across the European Union. Its primary focus is the wholly owned Norra Kärr Heavy Rare Earth Element project in Sweden - one of the world's most strategically significant heavy rare earth deposits and among the few advanced-stage projects within the EU capable of producing dysprosium, terbium, and yttrium at meaningful scale. Situated in one of the globe's most politically and regulatory stable mining environments, Norra Kärr is well-positioned to contribute directly to the objectives of the EU's Critical Raw Materials Act, including the bloc's target of sourcing 10% of its critical raw material consumption domestically by 2030. Beyond rare earths, the Company also holds the Woxna Graphite mine in Sweden - a fully constructed and permitted facility - as well as a 90% stake in the Bihor Sud Nickel-Cobalt exploration alliance in Romania.
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Leading Edge Materials Corp. financial statements
Key figures read from 38 of 38 financial statement filings, Feb 27, 2017 to Sep 18, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$1,860,654 | C$3,460,217 | C$2,427,311 | C$1,198,536 | C$1,316,797 |
| Total current assets | C$2,277,571 | C$3,901,806 | C$3,042,511 | C$1,569,083 | C$2,555,416 |
| Total current liabilities | C$397,135 | C$5,641,854 | C$4,670,790 | — | — |
| Working capital | C$1,880,436 | (C$1,740,048) | (C$1,628,279) | — | — |
| Exploration and evaluation assets | C$22,382,097 | C$19,892,252 | C$17,744,472 | C$16,909,663 | C$16,203,140 |
| Property, plant and equipment | C$5,616,789 | C$5,453,089 | C$4,509,105 | C$5,256,035 | C$9,892,213 |
| Total assets | C$30,468,689 | C$29,343,716 | C$25,387,449 | C$23,832,418 | C$28,756,406 |
| Total liabilities | C$6,056,852 | C$6,205,974 | C$5,000,203 | C$5,496,044 | C$10,151,936 |
| Shareholders' equity | C$24,014,702 | C$23,137,742 | C$20,387,246 | C$18,336,374 | C$18,604,470 |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Oct 2025 | FY Oct 2024 | FY Oct 2023 | FY Oct 2022 | FY Oct 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | C$167,938 | C$126,503 | C$268,143 | C$79,774 | C$15,272 |
| General and administrative | C$442,554 | C$291,768 | C$233,762 | C$520,473 | C$470,407 |
| Share-based compensation | C$1,131,468 | C$775,940 | C$854,275 | C$1,421,437 | C$0 |
| Impairments and write-downs | C$0 | (C$165,669) | — | — | — |
| Net income (loss) | (C$3,216,565) | (C$2,687,724) | (C$2,582,473) | (C$3,610,532) | — |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Oct 2025 | FY Oct 2024 | FY Oct 2023 | FY Oct 2022 | FY Oct 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | — | — | — | — | (C$2,534,110)* |
| Investing cash flow | — | — | — | — | C$387,778 |
| Financing cash flow | — | — | — | — | C$101,705 |
| Exploration spending (capitalized) | — | — | — | — | (C$808,849) |
| Property, plant and equipment spending | — | — | — | — | (C$8,508) |
| Proceeds from share issues | — | — | — | — | C$101,705 |
| Change in cash | — | — | — | — | (C$2,044,627) |
| Cash at end of period | C$1,860,654 | C$3,460,217 | C$3,460,217 | C$2,427,311 | C$1,316,797 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Leading Edge Materials Corp. financings
4 financings announced or closed by Leading Edge Materials Corp., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-07-12 | Leading Edge Materials Corp. (LEM) | Private placement, non-brokered | Tranche closed, 1 tranche | $6.0M | $0.250 | Leading Edge Materials Announces C$ 6,000,000 Non-Brokered Private Placement with Binding Standby Subscription and Commitment of Cornerstone Shareholder |
| 2025-07-17 | Leading Edge Materials Corp. (LEM) | Private placement, non-brokered | Announced | $4.0M | $0.160 | Leading Edge Materials Announces Update Non-Brokered Private Placement |
| 2024-07-15 | Leading Edge Materials Corp. (LEM) | Private placement, non-brokered | Closed, 2 tranches | $4.5M | $0.100 | Leading Edge Materials Announces up to C$4,500,000 Non-Brokered Private Placement |
| 2023-08-11 | Leading Edge Materials Corp. (LEM) | Private placement, non-brokered | Closed, 1 tranche | $2.5M | $0.115 | Leading Edge Materials Announces up to C$2,500,000 Non-Brokered Private Placement |