07:16 AM EST, 02/03/2026 (MT Newswires) -- Leading Edge Materials ( LEMIF ) late on Monday provided an update on its exploration activities in Romania, including significant areas of mineralization identified at the Valea Leucii, Dibarz and Avram Iancu prospects.

Mapping and sampling data reveal extensive mineralization, notably in the form of uranium oxide associated with jasperoid silicification. These include polymetallic sulphides containing copper, cobalt, nickel, lead and zinc hosted in silica-carbonate rocks and crystalline carbonate exhibiting disseminated and stockwork-style sulphide mineralization.

Massive sulphide mineralization is present at the Valea Leucii, Dibarz, and Avram Iancu prospects, with a possibility that these occurrences are interconnected, forming part of a broader mineral system.

Additionally, historical prospecting rock chip data reported evidence of widespread and pervasive uranium, base and precious metal mineralization with grades of up to 28% nickel, over 6% copper and over 3 ppm gold, with one sample returning 17.75 ppm gold and over 0.3% uranium.

"With the recent upgrade of the Feldioara processing plant, securing new domestic uranium sources has become strategically important for Romania's energy independence objectives," said Leading Edge chief executive officer Kurt Budge.