Lifezone Metals Stock Price, News & Analysis

Lifezone Metals (NYSE: LZM) has secured a $60 million bridge loan from Taurus Mining Finance Fund No. 2 for its Kabanga Nickel Project in Tanzania. The loan, bearing a 9.25% annual interest rate, will fund early works and infrastructure development following the completion of their Feasibility Study.

The facility matures on July 31, 2027, with a 6-month extension option. As part of the agreement, Lifezone issued 2.5 million warrants to Taurus at $5.42 per share. The Kabanga Project, which is 84% owned by Lifezone, features an 18-year mine life with 52.2 million tonnes of ore production grading 1.98% nickel, 0.27% copper, and 0.15% cobalt. The project has a pre-production capital cost of $942 million and an after-tax NPV of $1.58 billion.

Lifezone Metals (NYSE: LZM) has filed a Feasibility Study for its flagship Kabanga Nickel Project in Tanzania, declaring its first-ever Mineral Reserves. The study confirms robust project economics with Proven and Probable Reserves of 52.2 million tonnes grading 1.98% nickel, 0.27% copper, and 0.15% cobalt.

The project features an 18-year mine life with a steady-state production rate of 3.4 million tonnes annually, targeting total production of 902,000 tonnes of nickel, 134,000 tonnes of copper, and 69,000 tonnes of cobalt. With low all-in sustaining costs of $3.36 per pound of payable nickel and pre-production capital costs of $942 million, the project demonstrates strong economics with an after-tax NPV of $1.58 billion and 23.3% IRR.

The project is 84% owned by Lifezone and 16% by the Tanzanian government, with Final Investment Decision targeted for 2026. The government is expected to receive significant economic benefits through dividends, royalties, and taxes totaling approximately $3.6 billion.

Lifezone Metals (NYSE: LZM) has announced the acquisition of BHP's 17% equity stake in Kabanga Nickel Limited (KNL), giving Lifezone full ownership of KNL, which holds an 84% interest in the Kabanga Nickel Project in Tanzania. The remaining 16% is owned by the Tanzanian government.

The transaction involves deferred consideration payments including a $10 million FID payment and a share price-linked commercial production payment, with a total consideration cap of $83 million (reducible to $75 million under certain conditions). Lifezone has secured 100% of the project's offtake rights and terminated all existing agreements with BHP.

The company is advancing strategic financing initiatives with Standard Chartered Bank for short-term development financing and Societe Generale for project financing, including potential support from the U.S. International Finance Corporation.

Lifezone Metals (NYSE:LZM) has announced the upcoming release of its Feasibility Study Technical Report Summary for the Kabanga Nickel Project, scheduled for July 18, 2025, before market open. The study will focus specifically on the underground mine and concentrator operations, including the first public declaration of Proven and Probable Mineral Reserves with a complete life of mine plan.

The company will host a virtual presentation on July 21, 2025, at 10:00 AM ET to discuss key highlights of the Kabanga Feasibility Study, followed by a Q&A session with senior management. While building upon the Initial Assessment from June 2025, this study will concentrate solely on mining and concentrate production, leaving downstream processing considerations for a future phase.

Lifezone Metals (NYSE: LZM) has released its 2024 Sustainability Report, highlighting significant ESG achievements at its Kabanga Nickel Project in Tanzania. Key environmental milestones include a 75% reduction in diesel consumption through grid power transition and implementation of land rehabilitation programs. On the social front, the company distributed $10.5 million in compensation to affected households and achieved 2.2 million hours without lost time injury. The report details governance improvements including Board-level sustainability oversight and alignment with international standards. The company emphasizes its commitment to responsible mining practices and advancement of cleaner Hydromet Technology for battery metals production.

Lifezone Metals (NYSE: LZM) has filed an Initial Assessment for its Kabanga Nickel Project in Tanzania, revealing robust economics with a $2.37 billion after-tax NPV (8%) and 22.9% IRR. The project outlines a 22-year vertically integrated mining operation processing 67.9 million tonnes at 2.39% nickel equivalent grade. The plan includes a $991 million pre-production capital cost for a 3.4 million tonnes per annum underground mine and concentrator at Kabanga, followed by a hydrometallurgical refinery at Kahama. The project expects to produce 1.15 million tonnes of nickel, 171,000 tonnes of copper, and 87,000 tonnes of cobalt in concentrate, with low all-in sustaining costs of $2.71 per pound for refined nickel. The refinery will have capacity for 50,000 tonnes per annum of battery-grade nickel sulfate, 7,000 tonnes of copper cathode, and 4,000 tonnes of cobalt sulfate.

Lifezone Metals (NYSE: LZM) announced key filing dates for two technical reports on its Kabanga Nickel Project. The Initial Assessment Technical Report Summary will be filed on June 2, 2025, followed by a Feasibility Study Technical Report Summary in July 2025. The company has invested over $120 million in the project.

The project involves a staged approach starting with a 3.4 million tonnes per annum underground mine and concentrator. The construction of a commercial-scale hydrometallurgical refinery at Kahama is planned approximately five years after initial concentrate production. The upcoming Feasibility Study will mark the project's first public declaration of Mineral Reserves.

Management will host a webcast on June 3, 2025, at 10:00 AM ET to discuss the Initial Assessment's key highlights.

Lifezone Metals (NYSE: LZM) held its 2025 Annual General Meeting on May 15, 2025, where shareholders passed all ordinary resolutions with overwhelming support. The meeting saw participation from 72.39% of outstanding shares, totaling 57,272,466 shares. Key resolutions included:

• Approval of 2024 financial accounts (99.98% in favor)
• Ratification of auditor appointment (99.99% in favor)
• Re-election of three Class II Directors: Robert Edwards, Jennifer Houghton, and Beatriz Orrantia, each receiving approximately 99.97% approval

Lifezone Metals (NYSE: LZM) has released its 2024 financial results and filed its Annual Report on Form 20-F. The company reported a cash balance of $29.3 million as of December 31, 2024, down from $49.4 million year-over-year. The net cash decrease was $20.1 million in 2024.

Key financial highlights include:

• Operating activities used $15.9 million in cash
• Investing activities used $52.7 million, including $50.0 million for the Kabanga Nickel Project
• Financing activities provided $48.4 million, primarily from convertible debentures

The company reported a net loss of $46.3 million with basic and diluted loss per share of $0.59. Despite challenging nickel price conditions due to Indonesian supply increases, management remains focused on advancing the Kabanga Nickel Project and US-based PGM recycling project while implementing cost control measures.