TSXV:LEM 7 October 2025

In the first week of October 2025, Leading Edge Materials drew significant attention after a sudden share price spike. On October 6, the stock jumped 27.7% in a single trading sessionstockinvest.us. This leap continued a short-term rally that saw the stock gain over 40% in two weeksstockinvest.us. Such volatility suggests speculative buying, likely driven by positive sentiment around the company’s recent news and the broader critical minerals narrative. Investors may be anticipating upcoming catalysts, notably the decision on the Norra Kärr mining lease expected by the end of 2025leadingedgematerials.com, as well as Europe’s intensified efforts to shore up its battery metal supply chains. Just prior to this rally, Leading Edge announced a key regulatory update: on September 22, 2025, it confirmed that its Swedish subsidiary had submitted all supplementary information requested by authorities for the Norra Kärr Heavy Rare Earth Elements Project mining concession applicationleadingedgematerials.com. This step was in response to detailed questions from county regulators about environmental impacts, and the completed application is now under review by Sweden’s Mining Inspectorateleadingedgematerials.com. The Norra Kärr deposit is strategically important – the Geological Survey of Sweden has noted it is “very important for Sweden’s and the EU’s supply of rare earth metals”