Annuncio • Feb 27

Lifezone Metals Announces Two-Phased Development Plan for the Kabanga Nickel Project in Tanzania

Lifezone Metals Limited provided an update on progress of the Definitive Feasibility Study underway at its Kabanga Nickel Project, located in north-west Tanzania, and at Kahama, where Kabanga’s Hydromet refinery will be located. Kabanga is believed to be one of the world’s largest and highest grade undeveloped nickel sulfide deposits. The Kahama Hydromet Refinery will allow for in-country beneficiation of nickel, copper and cobalt with low carbon dioxide and zero sulfur dioxide emissions. Lifezone Metals has determined that a two-phase development plan for its Kabanga Nickel Project will form the base case of the Definitive Feasibility Study. Design work and mine planning to-date supports an expected 3.4 million tonnes per year operation in the aggregate, comprised of a 1.7 million tonne per year Phase 1 and an additional 1.7 million tonne per year Phase 2 expansion. The Company continues to collaborate closely with its project partner on this two-phased development plan, as well as numerous other Definitive Feasibility Study work streams. Lifezone Metals is working to evolve and integrate sustainability across Project planning, implementation and in-country operational readiness. The Kabanga Nickel Project Definitive Feasibility Study, which evaluates the technical specifications and economic business case of the Kabanga Underground Nickel-Copper-Cobalt Mine, Kabanga Concentrator and Kahama Hydromet Refinery, is a work-in-progress and mine planning continues, including the application of modifying factors to establish the economic viability of Mineral Reserves, with various major capital items tendered. The study remains on track for completion by the end of Third Quarter 2024. Separate programs of extensive metallurgical testing continue in support of process designs for 1) the Kabanga Concentrator and 2) the Kahama Hydromet Refinery. Kabanga Concentrator test work conducted on a range of variability composite samples sourced from the 2023 drilling program, representative of massive sulfide and ultramafic lithology types from the Kabanga North and Tembo zones (refer to Lifezone’s December 7, 2023 news release), has demonstrated high recoveries of nickel, copper and cobalt to concentrate. The fully optimized locked-cycle test on an Early Years Blend Composite (“EYBC”; a composite sample that is expected to be a representative average of the first years of production from Kabanga) with a feed grade of 2.03% nickel achieved a nickel recovery of 88.2% to a concentrate grading 18.8% nickel. The associated copper and cobalt recoveries into the concentrate were 98.2% and 91.0% at feed grades of 0.30% and 0.17%, respectively. These recoveries are notably higher than the assumed 87.2% nickel, 85.1% copper and 88.1% cobalt flotation recoveries used to calculate the December 2023 Mineral Resource Update. This test has confirmed the historical pilot-plant results and is also in good agreement with the recovery potential as indicated from mineralogy. Lifezone Metals considers these recoveries to be excellent, the high concentrate grades present an exceptional refinery feed with low levels of deleterious elements. Further variability test work on freshly drilled core intervals was initiated in January 2024 and is currently underway to test variation in lithology. Historical test work included bench scale, batch open-circuit and locked-cycle flotation test work and two continuous pilot-plant test campaigns. Additional test work in support of the concentrator design for the Kabanga Definitive Feasibility Study has been completed at the Bureau Veritas Laboratory in Perth, under the management of technical teams from Lifezone Metals and DRA Global – the principal consulting engineer responsible for the Kabanga Definitive Feasibility Study. Over 120 bench-scale, batch open-circuit flotation tests, 116 bench-scale, bulk open-circuit flotation tests and one fully optimized locked-cycle test have been undertaken to date in the current phase of work. Test work in support of the Kahama Hydromet Refinery design, using Lifezone’s Hydromet Technology, for the Kabanga DFS is continuing at Lifezone’s Laboratory in Perth, Australia, under the management of technical teams from Lifezone Metals with support from DRA Global. Definitive Feasibility Study refinery flowsheet test work undertaken to date includes over 164 bench-scale, batch open-circuit tests and 73 bench-scale locked-cycle tests, incorporating pressure oxidation, solid-liquid separation, neutralization, upgrading and purification processing units. The work has been conducted on a range of concentrate samples generated from the flotation program, representative of massive sulfide and ultramafic lithology types from the North and Tembo zones. The objective is to characterize the unit process responses, support flowsheet design parameters and generate bulk samples for materials handling, paste fill and residue characterization test work. Concentrate produced from grade-optimized bulk flotation test work was used for hydrometallurgical testing in support of process design, comprising North Deep massive sulfide with mining dilution and grading approximately 19% nickel, 4% copper and 2% cobalt. Concentrate pressure leach extractions through an average of 12 tests (4 open circuit and 8 locked cycle) were 98.5% for nickel, 97.2% for copper and 98.9% for cobalt. This data set has confirmed the preliminary findings previously reported and is also in good agreement with the recovery potential as indicated from mineralogy. Pressure oxidation leach rates are confirmed to be rapid. Locked cycle pressure oxidation – neutralization test work to track and demonstrate metal and impurity deportment is ongoing, along with further optimization of solvent extraction parameters. Process design, procurement and fabrication activities are currently underway for a semi-continuous pilot-plant testing concentrate derived from Early Years Blend Composite for confirmation of process design criteria for the Kahama refinery treating the Kabanga nickel sulfide concentrate. Lifezone has received the Environmental Impact Assessment certificate of approval for the establishment and operation of the Kahama Hydromet Refinery. This important milestone reflects the hard work and dedication of Lifezone’s environmental team. Lifezone operates with safety as an ongoing, front of mind initiative at every level, and has recorded more than 1.7 million hours worked without a lost time injury at the Kabanga Nickel Project. In addition, there have been zero environmental incidents year-to-date.

Annuncio • Jul 07

Lifezone Metals completed the acquisition of GoGreen Investments Corporation (NYSE:GOGN) from a group of shareholders in a reverse merger transaction.

Lifezone Metals signed a letter of intent to acquire GoGreen Investments Corporation (NYSE:GOGN) from a group of shareholders in a reverse merger transaction on March 24, 2022. Lifezone Metals entered into an agreement to acquire GoGreen Investments Corporation (NYSE:GOGN) from a group of shareholders for approximately $900 million in a reverse merger transaction on December 13, 2022. Under the terms of the transaction, the consideration to be received by the Lifezone shareholders shall be the issuance of an aggregate number of ordinary shares equal to (a) $626,801,280 divided by (b) $10. As additional consideration for the Lifezone ordinary shares, an aggregate of 25,072,052 earnout shares will be paid, subject to certain triggering events. Concurrently with the execution of the Business Combination Agreement, GoGreen and Holdings entered into subscription agreements for aggregate gross proceeds of $70.17317 million. Post the closing, 60% ownership will be held by Lifezone shareholders, 33% by GoGreen shareholders and 7% by PIPE investors. Upon completion of the proposed transaction, the combined company will operate under the “Lifezone Metals” name and be listed on the NYSE under the ticker symbol “LZM”. Chris Showalter, Chief Executive Officer of Lifezone, will continue as Chief Executive Officer. Keith Liddell, founder of Lifezone, will serve as the Chairman of the Lifezone Metals Board, and Michael Sedoy, CFO of GoGreen, will join Lifezone Metals as interim CFO. John Dowd, GoGreen CEO and Govind Friedland, GoGreen Chief Operating Officer, will join the Lifezone Metals Board. The balance of the Lifezone Metals Board members will be appointed by Lifezone. The transaction is subject to approval by the Tanzanian Fair Competition Commission, GoGreen’s shareholders approval, GoGreen having at least $5,000,001 of net tangible assets at closing, Registration Statement shall have become effective, Ancillary Documents shall have been executed, Holdings Ordinary Shares shall have been approved for listing on the NYSE and other closing conditions. The transaction has been unanimously approved by the Board of Director of both Lifezone and GoGreen. In connection with the execution of the Business Combination Agreement, the Sponsor has entered into a Sponsor Support Agreement to vote in favor of the transaction. On June 14, 2023, Lifezone Metals Limited announced that Ingo Hofmaier had been appointed as its Chief Financial Officer and that Mr. Hofmaier is expected to serve as CFO of the Company effective immediately after the consummation of the Proposed Transactions. As of June 29, 2023, transaction has been approved by the shareholders of GoGreen Investments. Subject to customary closing conditions, the closing of the Business Combination is expected to begin on or about July 5, 2023 and to conclude on or about July 6, 2023. BTIG, LLC and Sprott Private Wealth LP acted as placement agents for the PIPE financing. Sprott Capital Partners LP also acted as the financial and capital markets advisor to GoGreen Investments. Nick DeNovio, Helen Lethaby, Jared Grimley, Joshua Marnitz, Adam Kestenbaum, Krisa Benskin, Joseph Bargnesi, Jeffrey Tochner, Gail Crawford, Nick S. Dhesi and Ryan J. Maierson of Latham & Watkins LLP served as counsels to GoGreen Investments. Skadden, Arps, Slate, Meagher & Flom (UK) LLP acted as legal counsel to the placement agents. RBC Europe Limited acted as exclusive financial adviser to Lifezone Metals, Tom Coulter, Jessica Kemp, Elissavet Grout, Michael Cuthbertson, Doug Bryden and John Buttanshaw of Travers Smith LLP served as UK legal counsel and G.J. Ligelis Jr., Richard Hall, Alyssa K. Caples, Ronald E. Creamer Jr., Matthew J. Bobby, Sasha Rosenthal Larrea, Annmarie M. Terraciano and Lauren Piechocki of Cravath, Swaine & Moore LLP served as US legal counsel to Lifezone Metals. Mayer Brown LLP acted as legal counsel to RBC. Latham & Watkins LLP acted as legal advisor to Gogreen Sponsor 1 Lp. GoGreen has engaged Morrow Sodali LLC (“Morrow Sodali”) to assist in the solicitation of proxies for the extraordinary general meeting. GoGreen has agreed to pay Morrow Sodali a fee of $35,000. Continental Stock Transfer & Trust Company acted as transfer agent to GoGreen. Bowmans Tanzania Limited acted as legal advisor to GoGreen. SGS Bateman (Pty) Ltd and Bowmans Tanzania Limited acted as due diligence providers to GoGreen. Dean Bennett and Benjamin Woolf of Appleby Global Services (Cayman) Limited and Juan Thornley of Appleby (Isle of Man) LLC acted as legal advisors to Lifezone. Lifezone Metals completed the acquisition of GoGreen Investments Corporation (NYSE:GOGN) from a group of shareholders in a reverse merger transaction on July 6, 2023. Lifezone Metals’ ordinary shares and warrants expected to begin trading on the NYSE under the ticker symbols “LZM” and “LZMW”, respectively, at the opening of trading today. RBC Capital Markets acted as exclusive financial adviser to LHL. SCP Resource Finance LP also acted as the financial and capital markets advisor to GoGreen.

Indice di copertura degli interessi	n/a
Contanti	US$37.68m
Patrimonio netto	US$93.40m
Totale passività	US$115.16m
Totale attività	US$208.56m

Dati	Ultimo aggiornamento (ora UTC)
Analisi dell'azienda	2026/08/24 21:17
Prezzo dell'azione a fine giornata	2026/08/21 00:00
Utili	2026/06/30
Utili annuali	2025/12/31

Pacchetto	Dati	Tempistica	Esempio Fonte USA ^*
Dati finanziari della società	10 anni	Conto economico Rendiconto finanziario Bilancio	Modulo SEC 10-K Modulo SEC 10-Q
Stime di consenso degli analisti	+3 anni	Previsioni finanziarie Obiettivi di prezzo degli analisti	Rapporti di ricerca degli analisti Blue Matrix
Prezzi di mercato	30 anni	Prezzi delle azioni Dividendi, scissioni e azioni	Dati di mercato ICE Modulo SEC S-1
Proprietà	10 anni	Top azionisti Insider trading	Modulo 4 SEC Modulo 13D SEC
Gestione	10 anni	Team di leadership Consiglio di amministrazione	Modulo SEC 10-K Modulo SEC DEF 14A
Sviluppi principali	10 anni	Annunci aziendali	Modulo 8-K SEC

Analista	Istituzione
Roger Bell	Hannam & Partners (Advisory) LLP
Richard Niehuser	Roth Capital Partners

Lifezone Metals Salute del bilancio

Criteri Salute finanziaria verificati 1/6

Informazioni chiave

Aggiornamenti recenti sulla salute finanziaria

Lifezone Metals Limited Auditor Raises 'Going Concern' Doubt

We Think Lifezone Metals (NYSE:LZM) Has A Fair Chunk Of Debt

Is Lifezone Metals (NYSE:LZM) A Risky Investment?

We Think Lifezone Metals (NYSE:LZM) Can Afford To Drive Business Growth

Recent updates

New major risk - Financial position

Consensus EPS estimates fall by 11%

Lifezone Metals Limited to Report First Half, 2026 Results on Jul 29, 2026

Lifezone Metals: The Asset Quality Is Real, But Binding Financing Terms Have Not Arrived

Price target decreased by 9.2% to US$8.63

Lifezone Metals Limited to Report Q1, 2026 Results on Apr 30, 2026

Lifezone Metals Limited has filed a Follow-on Equity Offering in the amount of $25.08 million.

New minor risk - Shareholder dilution

Kabanga Construction And Funding Risks Will Eventually Support A Stronger Long Term Nickel Position

New minor risk - Share price stability

Lifezone Produces First-Ever Platinum, Palladium and Rhodium from its U.S. PGM Recycling Project Lifezone’s Simulus Laboratories Completes Locked-Cycle and Pilot Test Work

East African Nickel And Hydrometallurgy Will Reshape Long Term Critical Metals Supply

Lifezone Metals Limited, Annual General Meeting, May 05, 2026

Nickel Sulfide Hub And Hydrometallurgy Platform Will Redefine Long Term Critical Metals Supply

Lifezone Metals Limited Auditor Raises 'Going Concern' Doubt

Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind

Lifezone Metals Limited to Report Fiscal Year 2025 Results on Mar 19, 2026

New minor risk - Financial data availability

Price target decreased by 11% to US$9.50

Lifezone Metals Limited has completed a Follow-on Equity Offering in the amount of $14.999998 million.

Lifezone Metals Limited has filed a Follow-on Equity Offering in the amount of $14.999998 million.

New major risk - Revenue and earnings growth

We Think Lifezone Metals (NYSE:LZM) Has A Fair Chunk Of Debt

First half 2025 earnings released: EPS: US$0.034 (vs US$0.14 loss in 1H 2024)

Lifezone Metals Files the Feasibility Study Technical Report Summary for the Kabanga Nickel Project in Tanzania

Lifezone Metals Limited(NYSE:LZM) dropped from Russell Small Cap Comp Value Index

New minor risk - Share price stability

Price target decreased by 19% to US$12.01

Lifezone Metals Files Initial Assessment for the Kabanga Nickel Project in Tanzania

New major risk - Revenue and earnings growth

Lifezone Metals Limited, Annual General Meeting, May 15, 2025

Is Lifezone Metals (NYSE:LZM) A Risky Investment?

Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

New minor risk - Financial data availability

Consensus EPS estimates upgraded to US$0.25 loss

New minor risk - Shareholder dilution

Lifezone Metals Limited Upgrades High-Grade Nickel Copper and Cobalt Mineral Resources at its Kabanga Nickel Project

Consensus revenue estimates increase by 38%, EPS downgraded

Group General Counsel notifies of intention to sell stock

Consensus revenue estimates increase by 650%, EPS downgraded

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

Lifezone Metals Limited Produces First-Ever Nickel, Copper and Cobalt from Kabanga Nickel Project

Consensus revenue estimates decrease by 84%, EPS upgraded

New minor risk - Profitability

First quarter 2024 earnings: EPS in line with expectations, revenues disappoint

Lifezone Metals Limited to Report Q1, 2024 Results on May 13, 2024

Full year 2023 earnings released

Lifezone Metals Limited announced that it has received $50 million in funding

Lifezone Metals Limited announced that it expects to receive $50 million in funding

Lifezone Metals Announces Two-Phased Development Plan for the Kabanga Nickel Project in Tanzania

Lifezone Metals Limited Announces Discovery of Additional High-Grade Nickel Mineralization At Safari Link Area At Its Kabanga Nickel Project in Tanzania

Consensus revenue estimates increase by 52%

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Lifezone Metals Limited Announces Step Down of Natasha Liddell as Chief Sustainability Officer

Lifezone Metals Announces the Addition of Evan Young as Senior Vice President of Investor Relations and Capital Markets

Lifezone Metals: A High-Risk High-Reward Play On Battery-Driven Commodity Opportunities

Second quarter 2023 earnings released

Lifezone Metals Limited Announces an Update on its Resource Definition Drilling Programme At its Kabanga Nickel Project (Kabanga) in North-West Tanzania

High number of new and inexperienced directors

We Think Lifezone Metals (NYSE:LZM) Can Afford To Drive Business Growth

New major risk - Shareholder dilution

Lifezone Metals completed the acquisition of GoGreen Investments Corporation (NYSE:GOGN) from a group of shareholders in a reverse merger transaction.

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