Leading Edge Materials (LEM) Corporate presentation summary

Strategic positioning and project portfolio

• Norra Kärr is positioned as Europe's most significant heavy rare earth element (HREE) deposit, with a 25-year mining lease granted in July 2026, directly supporting EU supply chain resilience and policy targets.

• The portfolio includes the Woxna Graphite mine and processing plant in Sweden and the Bihor Sud polymetallic exploration project in Romania, targeting critical raw materials like cobalt, nickel, and graphite.

• Approximately 40% insider ownership and a team with expertise in exploration, mining, and sustainability underpin the company's operations.

Norra Kärr project highlights

• Norra Kärr could supply all of Europe's dysprosium needs, with a PEA-estimated annual output of 248t of dysprosium oxide, exceeding current European demand.

• The deposit is exceptionally weighted to high-value HREEs such as dysprosium, terbium, and yttrium, with a 52% heavy REO split.

• Recognized as a deposit of national interest by Sweden and the EU, Norra Kärr is seen as critical for European supply security.

• Over 15 years of technical development, 30+ independent studies, and world-leading consultants have contributed to project advancement.

Market context and European vulnerability

• Europe currently imports 100% of its HREEs and 85% of its LREEs from China, highlighting a critical supply risk.

• The EU's Critical Raw Materials Act sets a 2030 target for sourcing 10% of annual consumption from EU extraction, but Europe has no producing rare earth mines.

• Norra Kärr is directly aligned with EU policy to reduce dependency on Chinese supply.