31 C
Supported byspot_img

Leading Edge Extends Woxna Graphite Mine in Sweden Licence for 25 Years

Member of Europium Groupspot_img
Supported byspot_img

Leading Edge Materials Corp. has received confirmation of a 25-year extension on the Woxna exploitation licence. The exploitation licence for the Woxna graphite mine was up for renewal in early 2017, and an application for a 25-year extension was submitted to the mining inspectorate of Sweden earlier this year.

Blair Way, president and chief executive officer, stated: “We are very pleased to have received this further 25 years on our exploitation licence. This is the first milestone in our repermitting process for an expanded operation. This exploitation licence security enables us to continue our graphite strategy to expand into the supply of high-purity graphite for the burgeoning electric vehicle and energy storage markets.

An exploitation concession gives the holder the right to exploit an extractable mineral deposit for a period of 25 years, which may be extended a further 25 years. Leading Edge Materials’ exploitation and environmental permits for the Woxna graphite mine and processing facility were issued by the mining inspectorate in 1992. The application for a 25-year extension was submitted earlier this year, and the extension was granted in early November and took full legal effect at the end of December.

Supported by

The qualified person as defined in National Instrument 43-101 for the Woxna project, Mr. Way, president, chief executive officer and a director of the company, and a fellow of the Australasian Institute of Mining and Metallurgy, has reviewed and verified the contents of this release.

source: investingnews.com

Supported byElevatePR Digital

Related News

CATL explores $1.5 billion fund to boost global battery supply chain

China's Contemporary Amperex Technology (CATL), the world's largest electric vehicle battery manufacturer, is in discussions with overseas sovereign wealth funds and private offices of...

Securing Europe’s critical raw materials: Addressing funding challenges for sustainable extraction

Bernd Schäfer, CEO of EIT Raw Materials, advocates for substantial investment in Europe's mining sector following the implementation of the Critical Raw Materials Act...

Strengthening global sustainability: The SCMA and critical minerals for climate goals

Canada's Minister of Energy and Natural Resources, Jonathan Wilkinson, together with Sweden's Minister for Energy, Business and Industry, Ebba Busch, announced Sweden's accession to...

Nickel mining and the green energy challenge: Balancing supply with environmental responsibility

Nickel is poised as a critical element in the global shift towards green energy, yet its extraction poses significant environmental challenges, recently highlighted by...
Supported by
Supported by
Supported by
error: Content is protected !!