Mr. Kurt Budge reports

LEADING EDGE MATERIALS CLOSES C$6,000,000 PRIVATE PLACEMENT

Leading Edge Materials Corp. has closed the third and final tranche of the private placement announced previously on July 12, 2026, issuing 6,868,000 common shares at a price of 25 cents per share for gross proceeds of $1,717,000.

The common shares were issued as part of a unit private placement. Each unit will consist of one common share in the capital of the company and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of 40 cents per warrant share until the date which is two years from the closing date of the private placement.

Together with the first and second tranches of the private placement, the company has issued an aggregate of 24 million units for aggregate gross proceeds of $6-million.

Leading Edge Materials intends to use the net proceeds to advance the company's projects as well as for general working capital and corporate purposes. In particular, following the award of a 25-year mining lease for the Norra Karr heavy rare earth elements project, proceeds will support prefeasibility study workstreams and environmental permitting for that project, alongside studies related to a possible restart of the Woxna graphite mine and processing plant. The company continues to seek alternative capital for its Romanian exploration activities.

A finder's fee of 6 per cent was paid to arm's-length third parties on a portion of the private placement. The private placement is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

The securities issued pursuant to the third tranche of the private placement are subject to applicable statutory resale restrictions, including a hold period expiring on Jan. 29, 2027, pursuant to applicable Canadian securities laws.

Insider of the company purchased a total of 5,468,000 units under the private placement which constitutes a related party transaction as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 based on the fact that neither the fair market value of the units subscribed for by the insiders nor the consideration for the units paid by such insiders exceeded 25 per cent of the company's market capitalization as determined in accordance with MI 61-101.

Eric Krafft, a director of the company, has subscribed for and acquired 5,468,000 common shares under the private placement. Prior to the private placement, Mr. Krafft beneficially owned and controlled 101,616,577 common shares and 32,268,173 warrants of the company. Mr. Krafft is a control person (as defined by the policies of the exchange), beneficially holding 107,084,574 common shares and 37,736,173 warrants of the Company, representing approximately 40.52 per cent of the issued and outstanding common shares on a non-diluted basis and 41.73 per cent on a partially diluted basis, assuming the exercise of warrants held by Mr. Krafft only. The company obtained disinterested shareholder approval at the annual general meeting held on July 24, 2020, for Mr. Krafft to become a control person of the company.

Mr. Krafft has acquired the units for investment purposes and has a long-term view of his investment. In the future, Mr. Krafft may take such actions in respect of his investment in the company as he may deem appropriate, depending on the market conditions and circumstances at that time. The foregoing disclosure regarding Mr. Krafft's holdings is being disseminated pursuant to National Instrument 62-103, The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. A copy of Mr. Krafft's early warning report will appear on the company's profile on SEDAR+. The information herein with respect to the number of Mr. Krafft's securities and his intention relating thereto is not within the knowledge of the company and is provided by Mr. Krafft.

About Leading Edge Materials Corp.

Leading Edge Materials is a Canadian-listed company focused on developing critical raw material assets across the European Union. Its primary focus is the wholly owned Norra Karr 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 European Union 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 Karr is well positioned to contribute directly to the objectives of the European Union's Critical Raw Materials Act, including the bloc's target of sourcing 10 per cent 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-per-cent stake in the Bihor Sud nickel-cobalt exploration alliance in Romania.

Leading Edge Materials is listed on the TSX-V under the symbol LEM, on the OTCQB under the symbol LEMIF and on the Nasdaq First North Stockholm under the symbol LEMSE.

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