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Woxna graphite project will have 90% less carbon footprint compared to Chinese operations - study

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(Kitco News) - Leading Edge Materials (TSXV: LEM) announced today the preliminary Live Cycle Assessment ("LCA") results for its Woxna graphite anode project in Sweden, prepared by Minviro.

The company said that the LCA results show that the production of 1 tonne of natural graphite anode material (coated spherical purified graphite ("CSPG")) from natural graphite extracted at the Woxna graphite mine is forecast to have an impact of 1.8 tonnes CO2 eq.

Minviro applied the same methodology in the report to evaluate current Chinese natural and synthetic graphite anode material, with Woxna CSPG demonstrating an 85% to 90% lower impact than the current market dominant Chinese alternatives. A significant factor influencing the dramatically reduced carbon footprint for Woxna graphite is the access to hydropower as the main electricity source, the company added.

CEO Filip Kozlowski stated, "I am excited to share these results on the potential dramatic reduced carbon footprint of Woxna graphite anode material compared with current Chinese alternatives that dominate the supply today. The very low carbon footprint through the use of hydropower for energy intensive processes becomes a key competitive advantage when we are seeing an increased focus on sustainable raw materials for the European battery industry."

The company noted that 62.5% of the 1.8 tonnes CO2 eq. for Woxna graphite was due to the inherited carbon footprint from production of argon and nitrogen gases used in the processes. The company said that it has been in contact with a local supplier of these gasses regarding to climate neutral alternatives to further minimize the carbon footprint of Woxna.

Leading Edge Materials is a Canadian public company focused on developing a portfolio of critical raw material projects located in the European Union. The portfolio of projects includes the 100% owned Woxna graphite mine (Sweden), Norra Kärr HREE project (Sweden) and the 51% owned Bihor Sud nickel-cobalt exploration alliance (Romania).

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