STOCK TITAN

Lifezone Metals (NYSE: LZM) extends $60m bridge loan availability to Nov 2026

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Lifezone Metals Limited and its wholly owned subsidiary Kabanga Nickel Limited agreed with Taurus Mining Finance Fund No. 2, L.P. to amend their existing $60 million senior secured bridge loan facility.

The amendment extends the facility’s “Availability Period” for drawing unutilised commitments from an end date tied to 29 August 2026 to 23.59 GMT on 29 November 2026. The borrower confirms that its repeating representations are true in all material respects and that no Default or Review Event is continuing or would result from this amendment. The letter is designated a Finance Document under the existing facility, is governed by English law, and requires the borrower to reimburse the agent’s amendment-related costs within ten Business Days of demand.

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Filing Explained

The executed amendment extends the bridge facility’s utilization window through November 29, 2026; under the agreement, utilization requests must fall within that period, and commitments still unused at its end are canceled.

Bridge loan facility size $60 million Senior secured bridge loan facility amount referenced in the amendment
New Availability Period end 23.59 GMT on 29 November 2026 Revised end of period in which unutilised commitments can be drawn
Original Availability Period end 29 August 2026 Prior end date, twelve (12) Months after Financial Close, before amendment
Extension length three (3) Months Period by which the Availability Period is extended under the amendment
Reimbursement deadline ten Business Days Time for borrower to reimburse the Agent’s amendment-related costs after demand
Facility Agreement date 8 August 2025 Date of the original Bridge Loan Facility Agreement referenced in the letter
Amendment letter date 27 July 2026 Date of the amendment letter extending the Availability Period
Availability Period financial
"the definition of "Availability Period" in clause 1.1 (Definitions)"
Utilisation Request financial
"clause 5.2(a)(i)(Completion of a Utilisation Request)"
Repeating Representations financial
"the Repeating Representations to be made by it and each other Obligor"
Finance Documents financial
"no change, amendment, waiver or consent with respect to the terms and provisions of any of the Finance Documents"
Review Event financial
"no Default or Review Event is continuing or would result"
senior secured bridge loan facility financial
"the $60 million senior secured bridge loan facility agreement"
A senior secured bridge loan facility is a short-term loan that gives the lender first claim on a borrower’s assets—similar to a mortgage lender being first in line if a house is sold—and is intended to cover immediate cash needs until longer-term financing is arranged. It matters to investors because it changes a company’s risk profile and repayment priority: this debt must be repaid before other creditors, often carries higher interest or strict terms, and can affect future financing, equity value, and bankruptcy outcomes.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What did Lifezone Metals (LZM) change in its bridge loan facility?

Lifezone Metals amended its $60 million senior secured bridge loan facility so the Availability Period for drawing unutilised commitments now ends at 23.59 GMT on 29 November 2026, instead of ending in August 2026 under the original terms.

What is the size of Lifezone Metals (LZM)’s bridge loan facility?

The facility is a $60 million senior secured bridge loan for Kabanga Nickel Limited, with Lifezone Metals as parent. The recent amendment affects only the Availability Period for drawing funds, not the stated principal amount of the facility.

What is the new Availability Period end date for LZM’s bridge loan?

The Availability Period now runs until 23.59 GMT on 29 November 2026. Under the original facility, unutilised commitments would have been cancelled at the end of an Availability Period ending on 29 August 2026.

Who are the parties to Lifezone Metals (LZM)’s amended bridge loan facility?

The bridge loan facility is between Kabanga Nickel Limited as Borrower, Lifezone Metals Limited as Parent, and Taurus Mining Finance Fund No. 2, L.P. as Arranger and Agent. All lenders consented to the Availability Period extension.

How will costs for the amendment be handled under LZM’s facility?

Under clause 15.2 of the Facility Agreement, the borrower must reimburse the Agent’s costs and expenses, including legal fees reasonably incurred for this amendment, within ten Business Days of demand.

 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM 6-K
 
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
 
For the month of July 2026
 
Commission File Number: 001-41737
 
Lifezone Metals Limited
 
2nd Floor, St George’s Court,
Upper Church Street,
Douglas, Isle of Man, IM1 1EE
(Address of principal executive office)
 
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
 
Form 20-F Form 40-F
 




On July 27, 2026, Lifezone Metals Limited (the “Company”), its wholly-owned subsidiary Kabanga Nickel Limited (the “Borrower”) and Taurus Mining Finance Fund No. 2, L.P. (“Taurus Mining Finance”) executed an amendment letter with respect to the $60 million senior secured bridge loan facility agreement (the “Bridge Loan Facility Agreement”). Pursuant to the amendment letter, among other things, Taurus Mining Finance agreed to an extension of the “Availability Period” in clause 1.1 (Definitions) of the Bridge Loan Facility Agreement to read: “the period from and including the date of this Agreement up to and including 23.59 GMT on and including 29 November 2026”.

The foregoing description of the waiver letter does not purport to be complete and is qualified in its entirety by reference to the copy of the waiver letter, which is furnished as Exhibit 99.1 this report on Form 6-K.

The Company intends to incorporate this Form 6-K and the accompanying exhibit by reference into its registration statements on Form F-3 (File Nos. 333-272865333-281189 and 333-289809) and Form S-8 (File No. 333-274449) and the related prospectuses, respectively, as such registration statements and prospectuses may be amended from time to time, and to be a part thereof from the date on which this report is filed, to the extent not superseded by documents or reports subsequently filed or furnished.

EXHIBIT INDEX
 
ExhibitDescription of Exhibit
99.1
Amendment Letter, dated July 27, 2026, among Kabanga Nickel Limited, Lifezone Metals Limited and Taurus Mining Finance Fund No. 2, L.P.
 



SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
LIFEZONE METALS LIMITED
Date: July 28, 2026By: /s/ Chris Showalter
Name: Chris Showalter
Title: Chief Executive Officer






To:     TAURUS MINING FINANCE FUND NO. 2, L.P. (in its capacity as Agent)
    Corporporation Trust Center
1209 Orange St, Wilmington
Delaware 19801, USA

Attention: Brad Cowdroy, Mark Cook, Tim Woolaver and Megan Lui
Email: operations_team@taurusfunds.com.au


27 July 2026

Dear Sir/ Madam,
Bridge Loan Facility Agreement dated 8 August 2025 – Amendment Letter (this "Letter")
1Introduction
1.We refer to the Bridge Loan Facility Agreement dated 8 August 2025 between, amongst others, Kabanga Nickel Limited (as Borrower), Lifezone Metals Limited (as Parent) and Taurus Mining Finance Fund No. 2, L.P. (as Arranger and Agent) (the “Facility Agreement”).
2.Terms used but not otherwise defined in this Letter shall have the same meaning as in the Facility Agreement. The principles of construction set out in clause 1.2 (Construction) of the Facility Agreement shall have effect as if set out in full in this Letter, mutatis mutandis.
2Background
1.Pursuant to (i) clause 5.2(a)(i)(Completion of a Utilisation Request) of the Facility Agreement, a Utilisation Request will not be regarded as having been duly completed unless the proposed Utilisation Date is a Business Day within the Availability Period, and (ii) clause 5.5 (Cancellation of Commitment) of the Facility Agreement, the Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period. The Availability Period as defined in the Facility Agreement will end on 29 August 2026, being the date falling twelve (12) Months after the Financial Close.
2.The Borrower requests the consent of the Agent (acting on the instructions of all Lenders in accordance with clause 33.2(e)(All Lender matters) of the Facility Agreement) to an extension of the Availability Period for a period of three (3) Months such that it will end at 23.59 GMT on 29 November 2026.
3.By countersigning this Letter, the Agent confirms that it has obtained the consent of all Lenders required under clause 33.2(e)(All Lender matters) of the Facility Agreement and agrees to the extension of the Availability Period referred to in paragraph 2.2 above.
4.The Agent and the Borrower (for itself and as an Obligors' Agent) hereby agree that with effect from the date of this Letter, the definition of "Availability Period" in clause 1.1 (Definitions) of the Facility Agreement shall be amended to read:
"Availability Period" means the period from and including the date of this Agreement up to and including 23.59 GMT on 29 November 2026.
5.The Borrower hereby confirms that, as at the date of this Letter:
(a)the Repeating Representations to be made by it and each other Obligor are true in all material respects; and
(b)no Default or Review Event is continuing or would result from the waivers contemplated in this Letter.
1
333310.00002/100379609.1







3Miscellaneous
1.The parties to this Letter agree and acknowledge that, other than as expressly contemplated in this Letter, no change, amendment, waiver or consent with respect to the terms and provisions of any of the Finance Documents is intended or contemplated hereby (which terms and provisions remain unchanged and in full force and effect other than as expressly set forth herein).
2.This Letter is hereby designated as a Finance Document by the Agent and the Borrower.
3.Pursuant to clause 15.2 (Amendment costs) of the Facility Agreement, the Borrower shall, within ten Business Days of demand, reimburse the Agent for the amount of all costs and expenses (including legal fees) reasonably incurred by the Agent in connection with this Letter and the waivers contemplated hereby.
4.This Letter and any non-contractual obligations arising out of or in connection with this Letter shall be governed by, and construed in accordance with, English law.
5.The provisions of clause 1.4 (Third party rights), clause 36 (Counterparts) and clause 38 (Enforcement) of the Facility Agreement shall apply to this Letter as if they had been set out again in full in this Letter, mutatis mutandis and with references to the Facility Agreement being construed as references to this Letter.
We look forward to receiving your response as soon as possible.
Yours faithfully


/s/ Ingo Hofmaier
…………………………………..
Name: Ingo Hofmaier
For and on behalf of
KABANGA NICKEL LIMITED


The amendment effected pursuant to this Letter and the designation of this Letter as a Finance Documents are hereby acknowledged and agreed by the Agent (acting on the instructions of all Lenders):

/s/ Tim Woolaver
…………………………………..
Name: Tim Woolaver
For and on behalf of
Taurus Mining Finance Fund No. 2, L.P. acting through its general partner Taurus Mining Finance Fund No. 2, GP LLC
2
333310.00002/100379609.1


Filing Exhibits & Attachments

1 document