Part of the Stock Digest group of websites: Visit Tech Stock Digest  

Leading Edge Materials Corp (CVE:LEM) is poised to be part of a large scale European battery manufacturing project.

The materials group has partnered with Northvolt AB as a part of a deal with  with InnoEnergy for the establishment of a large-scale battery manufacturing project in Sweden, it said.

Leading Edge will contribute to the production of battery cells via sustainably produced natural graphite.

The firm says it's the only western producer of natural flake graphite from its Woxna project with a fully constructed, permitted and producing plant (100,000-tonne-per-annum feed producing 10,000 tons of over 90%  graphite concentrate).

"This is an exciting time for the lithium-ion battery market, and we are very pleased to be a part of such an important project in the European Union.

"The demand for lithium-ion batteries is forecast to be strong as the world shifts to low-emission transport and storage options. It is an excellent opportunity to participate in a program such as this to demonstrate our ability to be an important part of the supply chain for large-scale lithium-ion battery manufacturing," said Blair Way, president and chief executive officer.

Click here to continue reading...

Subscribe to the RSD email list and get the latest resource stock activity directly to your inbox, for free.

MARKET SUMMARY

INDICES

Name Last Change
DOW 24100.50 2.06%
S&P 500 2599.95 1.95%
NASDAQ 6910.67 2.31%
TSX 14595.07 1.06%
TSX-V 555.38 0.00%

Resource Commodities

Name Last Change
Gold 1238.38 0.29%
Silver 14.57 1.17%
Copper 2.76 0.010
Platinum 787.00 1.21%
Oil 51.20 2.70%
Natural Gas 3.83 7.76%
Uranium 28.53 0.35%
Zinc 1.22 0.00%

@RSDigest ON TWITTER

Part of the Stock Digest family of websites
Small Cap Stock Digest