Replies to post #89 on Leading Edge Materials Corp. (LEMIF)

[Kaseymoe]

Thanks for that heads up.

Here's the link to the Press Release:

https://www.globenewswire.com/news-release/2021/06/09/2244809/0/en/Leading-Edge-Materials-Announces-Positive-Preliminary-Economic-Assessment-Results-for-its-Woxna-Graphite-Anode-Project-With-US-317m-Pre-Tax-NPV-and-42-9-Pre-Tax-IRR.html

The numbers are very favorable. Here's a quote from the CEO:

Filip Kozlowski, CEO of Leading Edge Materials states “I am pleased to share the exciting results from the PEA for our vertically integrated Woxna Graphite mine to anode material project. With forecast post tax IRR of 37.6% the project could potentially deliver a great financial opportunity whilst enabling Europe to reduce reliance on Chinese imports, which currently dominates 100% of the processing of natural flake graphite for lithium-ion battery anode applications. The PEA demonstrates the competitive advantage of the project’s Swedish location, with access to hydropower the planned production is not only shown to be potentially cost competitive with current global alternatives but also enables a minimal carbon footprint for our products. This is expected to be born-out in the previously announced planned LCA report where independent consultancy Minviro Ltd. will use the data from the PEA to calculate the environmental impact of the project.”