Leading Edge Materials (LEM) Corporate Presentation summary

Strategic focus and portfolio

• Focuses on critical raw materials, especially heavy rare earth elements (HREEs) and natural graphite, with all assets located in the EU, including 100% owned projects in Sweden and a polymetallic exploration in Romania.

• Projects address supply chain vulnerabilities in Europe for key industries such as renewables, e-mobility, and defense.

• Leadership team has significant mining and financial experience, with strong insider and Swedish shareholdings.

Norra Kärr HREE project

• One of Europe's most advanced HREE projects, targeting dysprosium and terbium for permanent magnets in EVs and wind turbines.

• Mining lease decision expected Q4 2025; pre-feasibility study completion targeted for Q1 2026.

• 2021 PEA estimates 5,341 tpa TREOs, 1,005 tpa MagREOs, 26-year LOM, post-tax NPV (10%) of $762M, IRR 26.3%, and $206M average annual EBITDA.

• Project redesign reduced land area by 65%, water demand by 20-30%, and moved chemical processing off-site, enhancing sustainability.

• Revenue distribution: 74% REO, with Dy, Nd, Tb, and Pr as key contributors.

Woxna Graphite project

• Built and permitted mine and processing plant in Sweden, with flake concentrate production of 10,000+ tpa at >94% Cg, potential to increase to 15,000 tpa.

• 2021 PEA: post-tax NPV (8%) of $248M, IRR 37.4%, $1,425M revenues, $49M average annual EBITDA, 15-year LOM.

• Plant upgrades and new business plan under evaluation to support a potential restart and meet European battery and defense demand.

• Woxna's CSPG has 85-90% lower CO2 impact than Chinese alternatives, supporting EU sustainability goals.