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Lifezone Metals Limited - $LZM STOCK NEWS

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Lifezone Metals (NYSE: LZM) will release its operational update and unaudited financial summary for the first quarter of 2024 on Monday, May 13, 2024. The company will host a virtual presentation for shareholders, investors, and media to discuss the Q1 summary and outlook, followed by a Q&A session with senior management. Lifezone Metals focuses on providing cleaner and more responsible metals production and recycling, with a focus on the Kabanga Nickel Project in Tanzania and platinum group metals recycling. A Definitive Feasibility Study for the Kabanga project is expected in Q3 2024.

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Lifezone Metals (NYSE: LZM) releases its 2023 Annual Report and Q4 financial results, showcasing achievements in cleaner metals production. Shareholders can access the full report on the investor relations website.
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Lifezone Metals (NYSE: LZM) successfully closed a US$50 million non-brokered private placement of unsecured convertible debentures with a consortium of marquee mining investors. Led by Harry Lundin and Rick Rule, the debentures bear interest at SOFR plus 4.0% per annum, with a floor of 3.0%. Proceeds will fund the Kabanga Nickel Project and general corporate purposes.
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Lifezone Metals (NYSE: LZM) secures US$50 million through convertible debentures for Kabanga Nickel Project in Tanzania. The funds will support ongoing activities and feasibility study completion by Q3 2024.
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Lifezone Metals (NYSE: LZM) receives a Multi-Metal Processing Facility License from the Government of Tanzania for its Kabanga Nickel Project, marking a significant step towards in-country beneficiation and metals recovery. The Kahama Refinery, located in a Special Economic Zone, will utilize Hydromet Technology to produce nickel, copper, and cobalt, contributing to local content optimization and national development. The project aims to reduce capital and operating costs, emissions, and support the global energy transition. A Definitive Feasibility Study for the Kabanga Nickel Project is set for completion by Q3 2024.
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Lifezone Metals Limited (NYSE: LZM) provides an update on its Kabanga Nickel Project and Kahama Hydromet Refinery. The Definitive Feasibility Study is progressing well with a two-phase development plan for a 3.4 Mtpa operation. Extensive metallurgical testing shows high recoveries of nickel, copper, and cobalt. The study remains on track for completion by Q3 2024.
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Lifezone Metals Limited (NYSE: LZM) has announced significant mineralization results from its 2023 Safari Link diamond drilling exploration program at its Kabanga Nickel Project in Tanzania. The results include 15.1 meters grading 2.24% nickel, 0.24% copper, and 0.18% cobalt, and the connection of the Kabanga Camp to the Tanzanian national power grid. The project is believed to be one of the world’s largest and highest-grade undeveloped nickel sulfide deposits, with potential for future resource addition.
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Lifezone Metals Limited (LZM) announces joint venture with Glencore plc (GLEN) for a platinum group metals (PGMs) recycling project utilizing Hydromet technology. Phase 1 funding completed, Phase 2 to involve construction of a commercial-scale facility in the US. Estimated cost of US$3 million, with Lifezone Metals and Glencore each contributing US$1.5 million. Phase 1 expected to be completed in the first half of 2024.
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Lifezone Metals Limited (NYSE: LZM) has signed a term sheet with a subsidiary of Glencore plc (LSE: GLEN) for a platinum, palladium, and rhodium (PGMs) recycling project utilizing Lifezone Metals’ hydrometallurgical technology to be based in the USA. Phase 1 confirmatory piloting work has commenced in Perth, Australia using Hydromet to process and recover PGMs from responsibly sourced spent automotive catalytic converters. The joint venture aims to profitably deliver high purity, refined PGMs from 100% recycled sources, with expected costs of $3 million for Phase 1 and $15-20 million for a ~115,000 oz per year PGM recycling facility in Phase 2.
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Lifezone Metals Limited (NYSE: LZM) announces a 69% increase in Measured and Indicated Resources and a 20% increase in Inferred Resources at the Kabanga Nickel Project in Tanzania. The updated mineral resource reflects the results of the 2021-2023 drilling programs and an updated mineralization interpretation, confirming the continuity of high-grade nickel mineralization at Kabanga.
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Lifezone Metals Limited

NYSE:LZM

LZM Rankings

LZM Stock Data

552.77M
21.52M
56.72%
12.12%
0.33%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
Ramsey