-- Leading Edge Materials (LEM.V) said Monday that the Swedish Mining Inspectorate has recommended approval of the company's exploitation concession for the Norra Karr rare earths project.
Following the positive recommendation, Leading Edge said every government agency in the permitting process to date has either endorsed the company's application or recommended its approval.
The final decision now rests with the Swedish government, Leading Edge said.
"An exploitation concession would represent a transformative milestone for the company, giving both investors and customers the confidence they need to move forward alongside us," Chief Executive Officer Kurt Budge said.
"The security it provides over the Norra Karr deposit will enable us to accelerate our technical, environmental and social studies, and to advance through the remaining permitting stages toward eventual construction and production of critically important heavy rare earth elements," Budge added.
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