Lifezone Metals Stock Price, News & Analysis

Lifezone Metals (NYSE:LZM) priced an underwritten registered direct offering of 4,411,764 ordinary shares with accompanying warrants at $3.40 per share/warrant, generating gross proceeds of approximately $15 million.

The warrants carry a $4.00 exercise price and are exercisable for four years. Net proceeds will fund Kabanga Nickel Project exploration, project staffing and other general corporate purposes. The offering is expected to close on or about November 12, 2025, subject to customary closing conditions. Existing investors, including Cinctive Capital Management, participated. BTIG acted as sole book-running manager and Red Cloud Securities as co-manager. The securities were offered under a Form F-3 shelf registration declared effective August 16, 2024.

Lifezone Metals (NYSE: LZM) has successfully closed a $60 million bridge loan facility with Taurus Mining Finance Fund No. 2 for its Kabanga Nickel Project in Tanzania. The company has already received the first tranche of $20 million on August 29, 2025, with future tranches contingent on milestone achievements.

The funding will support critical early works, infrastructure development, and accelerate the project finance process following the July 18 feasibility study. Additionally, Lifezone is in advanced discussions with potential partners for long-term partnerships and equity investments, having received several non-binding offers for the Kabanga Nickel Project.

The strategic investment process, overseen by Standard Chartered Bank as financial advisor, is exploring various options including potential change of control transactions at the asset level, though no agreements have been finalized.

Lifezone Metals (NYSE: LZM) reported its H1 2025 financial results, marking significant developments in its Kabanga Nickel Project. The company posted basic earnings of $0.03 per share but a diluted loss of $0.08 per share, improving from H1 2024's $0.14 loss. Cash position stood at $12.5 million, down from $29.3 million at 2024 year-end.

Key developments include filing a Feasibility Study for the Kabanga Project, projecting an 18-year mine life with $1.58 billion after-tax NPV and 23.3% IRR. The company acquired BHP's 17% stake in Kabanga Nickel Limited and secured a $60 million bridge loan from Taurus Mining Finance at 9.25% interest, supporting early project development.

[ "Feasibility Study shows robust economics with $1.58B after-tax NPV and 23.3% IRR", "Consolidated project control through acquisition of BHP's 17% stake", "Secured $60M bridge loan from Taurus for project development", "16% reduction in general and administrative expenses year-over-year", "Basic earnings per share improved to $0.03 from -$0.14 in H1 2024" ]

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.