Leading Edge Materials (TSE:LEM) has released an update.
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Leading Edge Materials Corp. has announced its quarterly financial results, revealing a net loss increase to $685,928 for Q1 2024, from $387,343 in Q4 2023. This rise in losses is attributed to higher share based compensation expenses and a change in foreign exchange gains. Notably, the company has also extended the zone of Co-Ni-Au occurrences by 250 meters at its Bihor Sud project in Romania, and successfully exercised warrants for additional funding.
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