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The European Investment Bank (EIB) is the largest multilateral lender and the long-term lending institution of the European Union (EU). Founded in 1958, the EIB is one of the world’s largest public lending institutions. The EIB provides financing for projects that support the economic development of the European Union and its member states. The EIB finances projects that are designed to promote European economic growth, reduce unemployment, and improve social and environmental standards. In addition, the EIB provides financial support to small and medium-sized businesses. The EIB also invests in projects that promote research, innovation, and education. The EIB is managed by the European Commission and is part of the EU’s budget. The EIB works closely with other financial institutions and national governments to support sustainable development. The EIB’s activities are supervised and regulated by the European Parliament and the European Central Bank. The EIB publishes news and articles regularly on its website and through its social media channels. These articles and videos provide information on the EIB’s activities, projects, and investment opportunities. They also provide insights into the European economy and the EIB’s role in it. In addition
I saw him perform maybe…a dozen times? I was set to go again this spring, and would have kept on going for as long as possible. His two concerts with Shakti I attended were among the very best of my life. No video clip can do justice to percussion, unfortunately. He also seemed so young, […]
CEO UPDATE TO SHAREHOLDERS Vancouver, December 15, 2024 – Leading Edge Materials Corp. (“Leading Edge Materials” or the “Company”) (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) provides an update from the CEO to shareholders. Kurt Budge, Chief Executive Officer, writes: “When I joined the Company in May, the Norra Kärr Heavy Rare Earth (“HREE”) Project was the priority. In August this year, the Company submitted an application for Strategic Project status under the European Union’s Critical Raw Materials Act (“CRMA”) and, last week, we submitted a new application for an Exploitation Concession (“Bearbetningskoncession”) 25-year mining lease to the Mining Inspectorate of Sweden (“Bergsstaten”). The Norra Kärr journey started long ago, with its discovery by the Geological Survey of Sweden (“SGU”) in the early 1900s. In more recent times, July 2011, SGU designated Norra Kärr a mineral deposit of national interest linked to its potential for providing a supply of rare earth elements (“REE”) to Sweden and Europe. Norra Kärr is the only NI 43-101 compliant REE resource in mainland Europe. Norra Kärr represents the EU’s first step towards primary production and establishment of a secure, sustainable, and resilient supply chain for HREEs. With EU demand for rare earth metals expected to increase six-fold by 2030, wars, uncertainty around geopolitics and global trade policies mean that security of supply of critical raw materials is of paramount importance. The 2014 report by The European Rare Earths Competency Network (“ERECON”) titled Strengthening ‘The European Rare Earths Supply-Chain’, stated that ‘The development of new sources of heavy rare earths outside of China and greater recycling must [therefore] remain an urgent priority…’. In 2023, the EU imported 18,300 tonnes of rare earth elements, with imports split between China 39%, Malaysia 33%, and Russia 22%. Clearly, supply disruption from anyone of these sources would be damaging for the EU. The geopolitical risk is self-evident. In the current design, Norra Kärr is estimated to produce 5,341 tonnes of rare earth oxides over a production life of 26 years, with only a third of the defined resource being exploited. The critical importance of the deposit to the EU cannot be underestimated. The CRMA, adopted by the European Council on 18 March this year is at the forefront of the EU’s efforts to reduce dependency on China, and to build secure and sustainable regional supply chains for critical raw materials. The CRMA represents a potential game-changer for the Company’s portfolio. Looking ahead, 2025 is shaping up to be a transformational year for Norra Kärr, with a decision expected on Strategic Project status in the first quarter, and thereafter the Bearbetningskoncession. The Company is also planning for the start of Pre-feasibility in the second quarter. The Company believes that the decoupling of extraction and downstream processing, with a quarry at Norra Kärr producing two valuable products, a HREE magnetic concentrate and the industrial mineral nepheline syenite, and an industrial plant conceptually located at Luleå, could expedite permitting timelines. The scope of the downstream is being considered, with one option being to create a rare earths processing hub that could import concentrates as well as process Norra Kärr material. This would not only capture the value chain in Sweden, but also increase the significance of the overall project, as the Company is in effect creating two strategically important businesses instead of one. When the financials were modelled for the Preliminary Economic Assessment in 2021, the Project had a pre-tax NPV10 of over US$1B. While the numbers will be updated in PFS, we have a robust project, and the Company is already mapping the funding options that could be available as we progress. The urgency to back development and attract investment is not lost on President-elect Donald Trump who posted last week that “Any person or company investing ONE BILLION DOLLARS, OR MORE, in the United States of America, will receive fully expedited approvals and permits, including, but in no way limited to, all Environmental approvals. GET READY TO ROCK!!!”. While the substance may be lacking for now, the intent is clear, and new policies could see an acceleration of investments already being made by the U.S. International Development Finance Corporation (“DFC”) in critical raw materials projects. The EU is mobilizing investment opportunities, with, on 3 December, the European Commission and the European Investment Bank (“EIB”) announcing a new partnership to support investments in the EU’s battery manufacturing sector, a further €1.8 billion committed to investments in the wider battery value chain, as part of €3 billion of public support in total for the development of a competitive and sustainable European battery industry. As the only built and permitted natural flake graphite mine in Europe, Woxna Graphite is well-positioned to play a significant role in the production of a ‘headline news’ critical raw material, natural graphite, as feedstock to the European anode value chain or industrial graphite markets. China’s influence on graphite is clear. In October 2023, China’s Ministry of Commerce and the General Administration of Customs announced that effective December 2023, export permits would be imposed on key lithium-ion battery anode raw materials. The affected products were high purity synthetic graphite and its products, and natural flake graphite and its products, including spherical and expanded graphite. The export controls were imposed by China on the grounds of safeguarding domestic interests. When it comes to global trade, in June, the US announced 25% tariffs on imports of natural and synthetic graphite anodes from China, following the previous announcement of 25% tariffs on natural graphite imports beginning in 2026. Fastmarkets analyst Georgi Georgiev has said “graphite has emerged as Washington’s ‘Achilles Heel’ in its trade confrontation with Beijing”. The case for regional primary raw material supply is further strengthened when a major natural graphite producer Syrah Resources declares ‘force majeure’ for its Balama operations in Mozambique, caused by post-general election civil unrest and violent protests across the country's major cities. Syrah is one of the few established graphite producers outside of China but has been unable to produce at Balama throughout October-December. Syrah reports it is working on restoring operations "as quick as possible" but has acknowledged that will be a lengthy process. While graphite may have been the forgotten part of the lithium-ion battery until now, it’s becoming harder to ignore, and if we are to have a successful energy transition, then e-mobility and renewables generation are key, and for those end-uses you need lots of graphite for manufacturing anodes. Stable jurisdictions, such as the Nordics, can contribute to delivering the essential raw materials needed to support the European battery industry. The EU currently imports approximately 100,000 tonnes per year of natural graphite. Woxna has had its challenges over the years, but the broader context is very different now, the adoption of the CRMA, uncertain geopolitics and trade flows, increasing the strategic importance of natural graphite to Sweden and the European Union, and by extension new opportunities to raise finance for exploration and development. The Company continues to review options for Woxna, which include the possibility of contracting with a long-term partner willing to pay for secure natural graphite produced to the highest ESG and sustainability standards. The Company believes that the market must value and pay for these attributes, and that transparency initiatives will create a barrier to entry for non-compliant raw materials and be a driver for their improved performance. The EU’s support for critical raw materials exploration and development has also seen, in July, the European Bank for Reconstruction and Development (“EBRD”) and the EU launched a joint facility aimed at providing equity investments of up to €100 million for the exploration of critical and strategic raw materials. The EBRD has committed €25 million to the facility, which will be matched by the EU’s Horizon Europe Programme under the InvestEU umbrella, with the goal of mobilizing an additional €50 million in investments. This initiative could benefit the Company’s work at Bihor Sud, as countries like Romania are very much in consideration as investment destinations. Drilling at Bihor Sud was initially delayed over the summer, due to the late arrival of the rig and the need to implement robust health and safety protocols and finally started at the end of September. Since then, steady progress has been made as the team operating the Company’s rig has been training ‘on the job’ and is currently drilling in gallery G7. To accelerate the programme, the Company is hiring four new geologists and will be signing up a new drill contractor to start drilling gallery G2. The driller is expected to be on site at the end of January. Bihor Sud remains a very exciting brownfield exploration project. It’s a historic mining area with tens of kilometers of underground galleries, or tunnels, developed in the licence area. Between the 1960-90s the responsible division of the Romanian State only targeted what was then called ‘strategic metals’, principally uranium, and explored for nothing else. The Company’s objective at Bihor Sud, is to define a large-scale, mineable mineral resource. Initially, we are following-up on the work done in gallery G7 last year, and the extensive Cobalt-Nickel-Gold mineralized zone that was identified, and in the new year starting to drill in gallery G2 which has shown its potential for extensive Zinc-Lead-Copper-Silver mineralization. We are encouraged by the findings to date, which highlight the strong potential for discovering a significant polymetallic deposit. To wrap-up, the Company has made good progress this year, but with a fundraising under our belt, 2025 is shaping up to be even better, with key milestones to be passed on Norra Kärr as that project grows in recognition, a new plan for Woxna, and we hope exploration success at Bihor Sud. I and the Board of Directors of Leading Edge Materials send our thanks to the Company’s shareholders, our employees and stakeholders for their support in 2024 and we wish everyone a very Merry Christmas and a Happy New Year. Norra Kärr - Preliminary Economic Assessment 2021 (PEA) PEA 2021 news release: https://leadingedgematerials.com/leading-edge-materials-announces-positive-preliminary-economic-assessment-results-for-its-norra-karr-ree-project-with-us1026m-pre-tax-npv10-and-30-8-pre-tax-irr/ On behalf of the Board of Directors,Leading Edge Materials Corp. Kurt Budge, CEO For further information, please contact the Company at:1.778-373-6727info@leadingedgematerials.comwww.leadingedgematerials.com About Leading Edge Materials Leading Edge Materials is a Canadian public company focused on developing a portfolio of critical raw material projects located in the European Union. Critical raw materials are determined as such by the European Union based on their economic importance and supply risk. They are directly linked to high growth technologies such as lithium-ion batteries and permanent magnets for electric motors and wind power that underpin the sustainability transition of society. The portfolio of projects includes the 100% owned Woxna Graphite mine (Sweden), Norra Kärr Heavy Rare Earth Element project (Sweden), and the 51% owned Bihor Sud Nickel Cobalt exploration alliance (Romania). Additional Information The information was submitted for publication through the agency of the contact person set out above, on December 15, 2024, at 11:30 PM Vancouver time. Leading Edge Materials is listed on the TSXV under the symbol “LEM”, OTCQB under the symbol “LEMIF” and Nasdaq First North Stockholm under the symbol “LEMSE”. Mangold Fondkommission AB is the Company’s Certified Adviser on Nasdaq First North and may be contacted via email CA@mangold.se or by phone +46 (0) 8 5030 1550. Reader Advisory This news release may contain statements which constitute “forward-looking information”, including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Company’s future business activities may differ materially from those in the forward-looking statements as a result of various factors, including, but not limited to, fluctuations in market prices, changes in the Company’s intended use of proceeds from the Private Placement, successes of the operations of the Company, continued availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release. Attachment 20241215LEMNR
The fragility of supply chains has been evident as companies have faced a series of shocks in recent years. Many companies have taken actions to improve their resilience, including building inventory buffers, dual-sourcing, and re-shoring. Even so, fewer than a third of leaders surveyed in 2023 said their companies were fully prepared for a disruption; a quarter admitted to being underprepared. One practical approach to building resilience is to design an early-warning system. Companies can start by creating an integrated and centralized data storage system with both quantitative and qualitative data. Then, they can use AI to identify anomalies in the data that serve as alarms. Lastly, companies will need to rewrite risk-management playbooks to make clear how to identify where the alarm is coming from, what is to be done, by whom, and in what order.
The meme coin market is buzzing, and 2024 has been nothing short of a rollercoaster. Mog Coin recently hit a jaw-dropping $1 billion market cap, thanks to its “joycat” branding and strategic listings on major exchanges like Coinbase. Cat in a Dog’s World (MEW) is rewriting the meme coin playbook with its witty counter-dog narrative, […]
OpenAI has launched a toll-free service, 1-800-CHATGPT, allowing users to access ChatGPT for free with a 15-minute monthly call, echoing Google's 2007 GOOG-411 initiative.
The Stage is Set: Familiar Playbook, Different Starting Point As President-elect Trump prepares for his second term, we are entering a period that bears striking similarities to 2016, but with crucial differences. Back then, I wrote about how Trump’s fiscal expansion plans, combined with the Federal Reserve’s willingness to tolerate higher inflation, created a unique…
Darrell Kelley - Drones Darrell Kelley Darrell Kelley Unleashes New Single "Drones" Darrell Kelley Drones LA, CA, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Darrell Kelley Unleashes New Single "Drones": A Provocative Commentary on Today’s World Renowned worldwide music artist Darrell Kelley has just dropped his latest single, "Drones," a powerful and thought-provoking track that delves into the complexities of modern society and the mysteries of our time. With a unique blend of catchy melodies and sharp lyrics, Kelley captures the listener's attention while addressing pressing issues that many are contemplating today. In "Drones," Kelley reflects on the state of the world, questioning the current administration's response to the unknown. He muses, “I’ve been thinking, maybe I’ve been writing the wrong songs / Only Trump will tell know us what’s really going on.” The song expresses a sense of unease, as Kelley points to the mysterious drones emerging from the ocean, raising concerns about what they represent and the implications for humanity. The chorus echoes a call to awareness: “Drones, drones, drones are flying in the sky / And only Trump seems to wanna tell us why.” This refrain resonates with listeners, highlighting the urgency of seeking the truth amid a landscape often clouded by misinformation. Kelley’s lyrics challenge the audience to confront their fears and uncertainties, asking, “Why is the government hiding these drones from me and you?” This track serves as a rallying cry for transparency and understanding in an era marked by confusion and speculation. With its infectious beat and compelling narrative, "Drones" is not just a song; it’s a conversation starter about the realities we face. Darrell Kelley continues to prove himself as an artist who isn't afraid to tackle controversial topics, encouraging fans to engage with the world around them "Drones" is now available on all major streaming platforms. Be sure to listen and join the discussion about the issues that matter. Attachments Darrell Kelley Darrell Kelley CONTACT: Darrell Kelley Darrell@uwgeam.com 888-669-4441
Bitcoin (CRYPTO: BTC) mining company MARA Holdings Inc. (NASDAQ:MARA) announced the acquisition of 15,574 BTC for $1.53 billion, funded by $1.925 billion raised through zero-coupon convertible notes issued in November and D