Lifezone Metals Stock Price, News & Analysis

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) 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.

Lifezone Metals (NYSE: LZM) has announced key updates for its Kabanga Nickel Project in Tanzania and U.S.-based PGM recycling project. The company has revised its Kabanga development strategy, now planning to build a full-scale 3.4 million tonnes per year underground mine and concentrator initially, followed by the Hydromet refinery at Kahama.

The new staging plan aims to enhance capital efficiency and optimize economics amid challenging nickel market conditions. The Definitive Feasibility Study is expected to be completed by mid-year 2025, led by DRA Global. The company maintains strategic partnerships with BHP, the Tanzanian Government, and DFC for Kabanga, and Glencore for the PGM recycling project.

Lifezone is actively pursuing offtake agreements through JOGMEC and has been invited to apply for the U.S. Export-Import Bank's Supply Chain Resiliency Initiative. The company has implemented workforce optimization measures to maintain financial discipline during low nickel prices.

Lifezone Metals (NYSE: LZM) announced significant upgrades to its Kabanga Nickel Project's Mineral Resources in Tanzania. Key highlights include:

- 21% increase in contained nickel in Measured and Indicated resources at North Zone, the project's largest zone

- Attributable Measured and Indicated Resources total 46.8 million tonnes grading 2.09% nickel, 0.29% copper and 0.16% cobalt

- 81% of Kabanga's Mineral Resource tonnes are now classified in higher confidence categories

- Addition of 3.3 million attributable tonnes at 3.00% nickel grade to Measured and Indicated categories

The North Zone represents over 50% of total resources with 24.7 million tonnes of attributable Measured and Indicated Resources grading 3.19% nickel-equivalent. Multiple exploration opportunities were identified, including the Safari Link zone and Rubona Hill targets.

Lifezone Metals (NYSE: LZM) has signed a Memorandum of Understanding (MOU) with Japan Organization for Metals and Energy Security (JOGMEC) to secure cleaner nickel, copper, and cobalt from the Kabanga Nickel Project for the Japanese battery industry. The Kabanga project, one of the world's largest undeveloped nickel sulfide deposits, will use Lifezone's Hydromet technology to reduce emissions compared to traditional smelting methods.

Key points:

• Lifezone will collaborate with JOGMEC to supply metals from Kabanga for Japan's battery market
• JOGMEC will consider providing financial support for Japanese companies
• The MOU is non-binding and imposes no obligations on either party
• Kabanga Nickel Project has been recognized as a Minerals Security Partnership (MSP) Project

This partnership aligns with both companies' commitment to responsible mining and supporting the transition to clean energy.

Lifezone Metals (NYSE: LZM) has initiated the project financing process for the Kabanga Nickel Project in Tanzania, partnering with BHP. The U.S. International Development Finance (DFC) has provided a Letter of Interest for considering loans as part of the project's financing package. Societe Generale has been appointed as the lead financial advisor to Kabanga Nickel

The Kabanga Nickel Project is recognized as one of the world's largest and highest-grade undeveloped nickel sulfide deposits. It aims to utilize Lifezone's Hydromet technology to significantly reduce emissions compared to traditional smelting methods. The project is supported by the Partnership of Global Infrastructure and Investment (PGI) and is part of the Minerals Security Partnership, a collaboration of 14 countries and the EU.

Lifezone Metals (NYSE: LZM) has initiated discussions with U.S. and Tanzanian officials to advance investment in critical minerals projects in Africa, focusing on the Kabanga Nickel Project in Tanzania. The project, a partnership between Lifezone, the Tanzanian government, and BHP Group , is considered one of the world's largest undeveloped nickel sulfide deposits. Lifezone has signed a retainer letter with the U.S. International Development Finance (DFC) to evaluate political risk insurance coverage for future investments in the project.

The Kabanga Project has gained recognition under the Partnership for Global Infrastructure and Investment (PGI) and the Minerals Security Partnership, highlighting its significance in developing sustainable critical mineral supply chains. Lifezone plans to use its Hydromet Technology, which is expected to reduce emissions and costs compared to traditional smelting methods. The project's Definitive Feasibility Study is set to be completed in September.

Lifezone Metals (NYSE: LZM) reports progress on its Kabanga Nickel Project in Tanzania and its platinum group metals recycling partnership with Glencore in the US. Key highlights include:

- Kabanga Definitive Feasibility Study nearing completion, expected in September
- Over 2 million hours worked without lost time injury at Kabanga
- Production of first nickel, copper, and cobalt metal cathode samples from Kabanga ore
- 95% completion of compensation payments to affected persons
- $63.5 million cash position as of June 30, 2024
- Basic and diluted loss per share of $0.14 for H1 2024

The company is advancing towards establishing a fully integrated mine-to-metal operation in Tanzania, benefiting from ongoing infrastructure developments in rail and hydropower.