Leading Edge Materials Corp. announced a non-brokered private placement of up to 45,000,000 units at a price of CAD 0.10 per unit for the gross proceeds of CAD 4,500,000 on July 15, 2024. Each Unit will consist of one common share in the capital of the company and one common share purchase warrant.

Each warrant will entitle the holder to purchase one Common Share at a price of CAD 0.20 per Warrant Share until the date which is four (4) years from the closing date of the private placement. All securities issued under the Private Placement, including securities issuable on exercise of the Warrants, will be delivered from Canada and are subject to a hold period expiring four months and one day from the Closing Date. The private placement is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

A finders? fees may be payable on a portion of the private placement.