Leading Edge Materials Corp. formally initiated an internal strategic review to assess all potential opportunities to maximize shareholder value and enable the company to accelerate customer engagement in the European battery materials industry.
Chairman Michael Hudson and independent director Filip Kozlowski will lead the review, according to a Jan. 7 release.
The move comes after shareholders flagged that the company's current share price does not adequately reflect the underlying value of the miner and its asset portfolio.
Potential recommendations may include a sale, joint venture or spinout of any of the company's individual assets and/or a change in management structure.
There is no specific timeline for the review, and there is no guarantee that any potential transaction identified during the process will be pursued.
Leading Edge's key assets include the fully built and permitted Woxna graphite mine in Sweden and the Bihor Sud cobalt-copper-nickel project in Romania.