Northwire Canada EditionWednesday, November 11, 2026
Sign inSubscribe
Northwire
⌕
Gold 4,000.00 −0.8% Silver 51.98 +1.5% Copper 6.28 +0.8% Oil 86.96 +1.1% Palladium 1,043.25 +2.2% TNR 0.300 +0.0% ORCL 0.030 +0.0% ELD 49.00 −2.8% OPW 0.150 +0.0% CDE 21.69 −0.1% AEM 267.87 −1.0% WDO 28.12 −0.7% BEA 0.090 +0.0% GAU 3.48 −2.4% BTO 7.49 −0.9% IMG 26.22 −0.5% BOL 0.055 −8.3% CNT 0.030 +0.0% EXN 0.245 −1.0% MNRG 0.075 +0.0% GSKR 2.79 −2.8% Gold 4,000.00 −0.8% Silver 51.98 +1.5% Copper 6.28 +0.8% Oil 86.96 +1.1% Palladium 1,043.25 +2.2% TNR 0.300 +0.0% ORCL 0.030 +0.0% ELD 49.00 −2.8% OPW 0.150 +0.0% CDE 21.69 −0.1% AEM 267.87 −1.0% WDO 28.12 −0.7% BEA 0.090 +0.0% GAU 3.48 −2.4% BTO 7.49 −0.9% IMG 26.22 −0.5% BOL 0.055 −8.3% CNT 0.030 +0.0% EXN 0.245 −1.0% MNRG 0.075 +0.0% GSKR 2.79 −2.8%
M&A / Property

Leading Edge to test rare-earth recovery at Norra Karr

By The Northwire Desk — AI Analysis Feb 09, 2026 · 11:58 LEM · 0.31 Leading Edge Materials Corp.
LEM · Price

Executive Summary

  • Leading Edge Materials Corp. (via its subsidiary Greenna Mineral AB) has signed a Memorandum of Understanding (MoU) with Ascension Earth Resources to collaborate on recovering heavy rare-earth elements (HREE) from the Norra Karr eudialyte mineralization in Sweden.
  • The collaboration involves an evaluation project where Ascension will conduct laboratory analysis and processing testwork using its proprietary technology to assess the technical and commercial feasibility of HREE extraction.
  • If the evaluation is successful, both parties intend to negotiate in good faith toward a definitive agreement for a larger-scale pilot project.

Key Details

  • Parties Involved: Leading Edge Materials Corp. (via 100%-owned subsidiary Greenna Mineral AB) and Ascension Earth Resources (a University of Oxford spinout).
  • Asset: Norra Karr deposit (Sweden), specifically focusing on eudialyte mineralization.
  • Objective: To assess innovative recovery methods for heavy rare-earth elements (HREE) and determine technical/commercial feasibility.
  • Evaluation Project Scope:
    • Conduct detailed analysis of eudialyte samples (composition, purity, recovery potential).
    • Test leach behavior and assess suitability for commercial-scale processing.
    • Develop preliminary processing concepts tailored to Norra Karr.
    • Evaluate commercial viability of rare earth extraction.
  • Future Steps: Contingent on successful evaluation outcomes, both parties will negotiate a definitive collaboration agreement for a larger-scale pilot project.
  • Context: Leading Edge already possesses a 2015 Preliminary Feasibility Study (PFS) flowsheet for producing mixed rare-earth oxide but seeks to maximize HREE recovery using Ascension's innovative methods.

Notable Quotes

  • Kurt Budge, CEO, Leading Edge Materials: "This partnership represents an important step forward in advancing the Norra Karr HREE project. By combining our world-class resource with Ascension's innovative processing technology, we aim to unlock new possibilities for sustainable heavy rare-earth production in Europe."
  • Motoaki Sumi, CEO, Ascension Earth Resources: "Norra Karr is a strategically significant European rare-earth resource with important implications for the development of a resilient European supply chain for critical minerals. Through this collaboration, we aim to advance efficient and environmentally responsible approaches to critical mineral recovery..."
Read the original news release →

More from Leading Edge Materials Corp.

Oct 28, 2026 · 02:30

Leading Edge Materials begins the Norra Karr environmental impact assessment, a permitting step that extends the project timeline while maintaining current cash levels and avoiding dilution.

Production / Operations Oct 08, 2026 · 02:30

Leading Edge Materials signed a co-product MoU with Norra Kärn to reduce waste and expand margins.

M&A / Property Sep 18, 2026 · 14:30

Leading Edge Materials secures CAD$4.3M to fund the Norra Kærr pre-feasibility study.

Earnings Sep 08, 2026 · 02:30

Leading Edge Materials extends its private placement closing to late September while initiating a new drill program at the Woxna project.

Drill Results Aug 19, 2026 · 02:30

Leading Edge Materials closes routine financing while liquidity crunch and going concern issues persist.

Financings Jul 27, 2026 · 02:30

Leading Edge Materials’ Swedish heavy rare earth lease aligns with government strategy but requires a capital raise to address ongoing cash burn.

Production / Operations