Leading Edge Materials Reports Fiscal 2019 Results and Records Impairment on the Woxna Graphite Mine
VANCOUVER, January 21, 2020 /CNW/ – Leading Edge Materials Corp. (“Leading Edge Materials” or the “Company”) (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) announces results for the fiscal year ending October 31, 2019. All references to dollar amounts in this release are in Canadian dollars. Leading Edge Materials management annually assesses impairment with respect to the carrying value of the Company’s property, plant and equipment. Leading Edge Materials management determined that impairment indicators as defined in IAS 36 were present for the Woxna Graphite Mine, and an