APPLICATION FOR EU STRATEGIC PROJECT SUBMITTED TO NORRA KÄRR Page 1

APPLICATION FOR EU STRATEGIC PROJECT SUBMITTED TO NORRA KÄRR

Vancouver, August 11, 2024 – Leading Edge Materials Corp. (“Leading materials” or the “Company”) (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) announces that an application for Strategic Project designation for the Norra Kärr Heavy Rare Earths (HREE) Project has been submitted. The European Commission has indicated that the first list of Strategic Projects will be announced in December 2024.

Kurt Budge, Chief Executive Officer, said: “The strategic project status for Norra Kärr would be a catalyst for realizing HREE production in Europe, with Norra Kärr contributing to the EU’s needs for a safe, resilient and sustainable supply chain to support permanent magnet production.