Leading Edge Materials (TSE:LEM) has released an update.
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Leading Edge Materials Corp. has applied for the Norra Kärr Heavy Rare Earths Project to be designated as a Strategic Project by the European Commission, which could significantly advance Europe’s self-sufficiency in rare earth elements. CEO Kurt Budge emphasizes the project’s potential to support the EU’s needs for a secure and sustainable supply chain, particularly for the manufacturing of permanent magnets. The decision is expected in December 2024, and the project aligns with Sweden’s mining legacy and the EU’s push for reduced reliance on non-EU sources.
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