- High board approval with 99.96% votes in favor for all directors.
- Successful approval of a stock options plan for up to 10% of issued shares.
- Strong shareholder participation with 40.90% of votes represented.
Leading Edge Materials Corp (TSXV: LEM, OTCQB: LEMIF) recently concluded its Annual General Meeting of Shareholders on April 23, 2025. The meeting saw a significant shareholder turnout, with 40.90% of the total voting shares, equivalent to 94,970,462 common shares, being represented.
Key actions approved during the meeting included setting the board size to three members, approving a stock options plan that allows for up to 10% of issued shares, and appointing D&H Group LLP as the company’s auditors for the coming year. The directors Lars-Eric Johansson, Daniel Major, and Eric Krafft were re-elected with an overwhelming 99.96% approval rate each.
Additionally, the company announced the granting of 6,850,000 stock options to directors, officers, and consultants at an exercise price of C$0.24 per share. These options have a vesting schedule where 33% will vest on the grant date, another 33% after one year, and the remaining 34% after two years. The expiry period for these options is five years for directors and officers and three years for consultants.
Leading Edge Materials continues to focus on its critical raw material projects in the European Union, which are essential for technologies like batteries for electromobility and energy storage, among others. The company remains listed on the TSXV under the symbol "LEM" and on the OTCQB under "LEMIF".
