LEADING EDGE MATERIALS COMPLETES NEAR-MINE DRILLING AT WOXNA, INTERSECTING GRAPHITE AT MULTIPLE LOCATIONS BEYOND THE EXISTING MINE

Leading Edge Materials Corp. (LEM) has completed a five-hole, 469.3 m first-pass BQ diamond drilling programme at Woxna, Sweden, targeting the Råttjärnamyren area and the eastern extension of Kringeltjärn outside the existing Kringelgruvan mine. Graphite was observed in all five holes, with significant graphite-bearing intervals logged in four of them. Hole 26DDKRI001 at Råttjärnamyren returned no significant graphite-bearing intervals.

Hole 26DDKRI004 at Kringeltjärn East reported two main down-hole intervals: 26.20–39.60 m, 13.4 m, graphite-bearing metatuffite, heavily fractured; and 52.32–64.05 m, 11.73 m, graphite-bearing metatuffite with larger flakes. The lower interval is split in Table 2 into 52.32–54.40 m, 2.08 m, and 55.14–64.05 m, 8.91 m.

Hole 26DDKRI003 at Råttjärnamyren reported multiple intervals between 76.0 m and 97.0 m: 76.22–78.46 m, 2.24 m; 80.35–86.68 m, 6.33 m; 90.34–94.35 m, 4.01 m; and 95.78–97.74 m, 1.96 m, plus a 1.00 m interval at 128.3–129.3 m.

Hole 26DDKRI002 at Råttjärnamyren reported 56.48–57.80 m, 1.32 m; 60.43–66.13 m, 5.70 m; 67.18–75.50 m, 8.32 m; and 75.96–78.68 m, 2.72 m.

Hole 26DDKRI005 at Kringeltjärn East started in about 1 m of graphite-bearing metatuffite, logged a 3.18 m interval from 7.60–10.78 m, then the remainder to 73.0 m did not intersect significant graphite.

Only 44 m of core was sampled across the programme and submitted to ALS Geochemistry in Piteå for total graphitic carbon and sulphur analysis. Assay results are pending. No graphite grade, cutoff grade, true width, or resource estimate is reported. The observations are from field logging only and are explicitly not estimates of graphite grade.

The QP is Mr. Henning Holmström, MAIG MAusIMM MFAMMP, an independent Qualified Person under NI 43-101 and an employee of Geosyntec Consultants.

Leading Edge Materials Corp. (LEM) reported a net loss of C$882,239 for the third quarter of 2026, with working capital standing at C$1,724,001 as of July 31, 2026. The company, which has 265.9 million shares outstanding, remains pre-revenue and dependent on financing.

The release does not alter Woxna’s existing resource, reserves, mine plan, or economics. The Kringel deposit resource remains at 2.61 Mt at approximately 9.1% C. The new holes represent early-stage extensions outside the existing mine, with no grade or tonnage reported.

The equity is a junior critical-materials developer with a market capitalization of about C$45 million at C$0.17. The stock has drifted from C$0.26 on September 8, 2026, when the drill programme was announced, to C$0.17 on November 11, 2026. The prior drill-start news did not embed a high market expectation.

Because the anchor is not embedded, this release did not need to beat a high previous assay result. But it also provides no assay to re-rate the stock. The market is unlikely to pay for visual graphite logging alone when true width, grade, flake size and continuity are all unresolved.

Expected share-price impact from this release alone is muted, likely single-digit at most, unless the market chooses to speculate ahead of assays. The material test will be the ALS Cg results, true-width estimates and follow-up drilling.

Leading Edge Materials Corp. is a Canadian-listed critical-materials developer with listings on the TSXV, Nasdaq First North Stockholm, OTCQB and Frankfurt. The company’s flagship asset is the Norra Kärr heavy rare earth elements project in Sweden, which it owns 100% through Greenna Mineral AB. The site holds an inferred resource of 110 Mt at 0.5% TREO, with exposure to dysprosium, terbium and yttrium. A 25-year exploitation concession was granted in June 2026, and a pre-feasibility study (PFS) along with environmental permitting are currently underway.

The company also owns the Woxna natural flake graphite mine and processing plant in Sweden. The Kringel deposit at Woxna contains a measured and indicated resource of 2.61 Mt at approximately 9.1% carbon, with a 4% C cutoff. The plant is permitted and maintained on a production-ready basis, with restart studies and process optimisation ongoing.

In Romania, Leading Edge Materials holds a 90%-owned polymetallic exploration joint venture at Bihor Sud. The project has uranium, copper, cobalt, nickel, lead, zinc, gold and silver potential. Early-stage exploration is underway, supported by a completed Competent Person’s Report.

Insider ownership is approximately 40%. The company is pre-revenue and has a history of equity financing, including a C$6 million private placement in 2026 at C$0.25 per unit with C$0.40 warrants.