US Market News
1月前
Lifezone Metals Announces Q1 2026 Financial Results SummaryApril 30, 2026 8:13 AM
Business Wire
Lifezone Metals Limited’s (NYSE: LZM) Chief Executive Officer, Chris Showalter and Chief Financial Officer, Ingo Hofmaier, announce the Q1 2026 Financial Results Summary, available on Edgar and the Company’s website.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260430675277/en/Lifezone Metals CEO Chris Showalter met with Hon. Balozi Khamis Mussa Omar, Tanzania’s Minister of Finance, and senior government officials in Washington, D.C., during the 2026 IMF/WBG Spring Meetings
Mr. Hofmaier commented: “Q1 2026 was another period of disciplined execution as we advanced the Kabanga Nickel Project, opened up new avenues with the Musongati Nickel Project Exclusivity Agreement and produced our first ever Platinum, Palladium and Rhodium from the U.S. PGM Recycling Project from pilot testwork at Simulus, while maintaining focus on capital efficiency, liquidity and long-term value creation.
During Q1, we received an initial $5 million, as part of a second utilization under the senior secured bridge loan facility provided by Taurus. The remaining $16.7 million under the second utilization was received on April 29, 2026, with a further $18.3 million of the facility remaining available.
Also in April, we further strengthened our cash position by closing a registered direct offering that raised $25.0 million in gross proceeds. These funds will help us to position the business for the next stage of growth while remaining mindful of market conditions and disciplined capital allocation.”
Financial Summary:
For the three months ended
March 31, 2026
March 31, 2025
$
$
Cash flow from:
Operating activities
-
1,244,923
-
3,298,161
Investing activities
-
6,185,226
-
5,283,427
Financing activities
2,480,475
-
162,593
Net decrease in cash & cash equivalents
-
4,949,674
-
8,744,181
Liquidity :
March 31, 2026
December 31, 2025
Cash balance
15,271,893
20,144,250
Undrawn balance of senior secured bridge loan facility1
35,000,000
40,000,000
Total
50,271,893
60,144,250
1 A further $16.7 million was received on April 29, 2026, with $18.3 remaining undrawn as of this date.
Lifezone Metals reported a cash balance of $15.3 million as of March 31, 2026, compared to $20.1 million as of December 31, 2025.
Cash usage from investing activities during Q1 2026 amounted to $6.2 million, with $6.3 million invested in the Kabanga Nickel Project.
Revenue for Q1 2026 was $1.2 million compared to $0.2 million during Q1 2025 driven by increased third-party technical and laboratory services at Simulus.
As of March 31, 2026, $25 million has been drawn from the senior secured bridge loan facility of which $5 million under the second utilization was received during Q1 2026. The remaining $16.7 million under the second utilization was received on April 29, 2026, with a further $18.3 million under the facility remaining undrawn.
For Q1 2026, Lifezone reported an income before tax of $2.4 million compared to $7.3 million in Q1 2025.
Income before tax for Q1 2026 includes significant non-cash fair value gains related to the remeasurement of certain financial instruments, while general and administrative expenses were comparable to the corresponding period in Q1 2025.
During the quarter, Lifezone recognized a fair value gain of $1.9 million on embedded derivatives in convertible debentures, $2.9 million gain on warrant liabilities, and $3.9 million gain on the deferred consideration to BHP. These gains were largely attributable to a decline in Lifezone’s share price, which fell from $4.27 as of December 31, 2025, to $3.36 as of March 31, 2026, thereby reducing the fair value of these liabilities.
On April 23, 2026, Lifezone closed a $25 million registered direct offering and issued 5.7 million ordinary shares at $4.40 per share. The net proceeds were $23.3 million and will be used for exploration activities in Burundi and Tanzania, the PGM Recycling Project, conducting Hydromet research and development at Simulus Laboratory, and for other general corporate and working capital purposes, including financing costs.
Corporate highlights and key activities during the three months ended March 31, 2026
Project Financing Update:
A further $5 million was drawn under the Taurus Mining Finance senior secured bridge loan facility on March 16, 2026, and as of March 31, 2026, a total of $25 million out of $60 million was received. Of the $35 million that remained undrawn as of March 31, 2026, $16.7 million was received on April 29, 2026. This is to progress Kabanga Project pre-FID activities, early works and development activities and to advance the project financing workstream.
Negotiations advanced constructively with the senior members of the Tanzanian government and administration to amend the Framework Agreement and agree on the details of the staging concept and the joint financial model, to define the sharing of fiscal benefits.
Figure 1: Lifezone Metals CEO Chris Showalter met with Hon. Balozi Khamis Mussa Omar, Tanzania’s Minister of Finance, and senior government officials in Washington, D.C., during the 2026 IMF/WBG Spring Meetings
The U.S. DFC completed its due diligence with further funding workstreams progressing.
Negotiations progressed for a potential strategic investment into the Kabanga Nickel Project led by Standard Chartered Bank, with multiple offers received.
Project financing process led by Societe Generale continued, including roadshows and selection of pathfinders, such as international Development Finance Institutions and Export Credit Agencies.
Site visits were conducted by potential lenders and lender advisors, and receipt of final reports by independent engineers and consultants covering technical, logistics, environmental, social, and commodity markets aspects of the Kabanga.
Figure 2: Lifezone hosted a technical and environmental and social due diligence site visit at the Kabanga Nickel Project in Tanzania including stakeholder engagement with the communities
Several long-term concentrate off-take negotiations are well advanced.
International and local insurance brokers were appointed, and the insurance risk assessment and insurance plan advanced to facilitate a global insurance roadshow in the coming weeks.
The Kabanga site hosted the Acting U.S. Ambassador to Tanzania, Andrew Lentz and his delegation on March 31, 2026, including the facilitation of meetings with the Ngara District Commissioner, to review the project’s progress.
Figure 3: Acting U.S. Ambassador to Tanzania, Andrew Lentz and his delegation at the Kabanga Site
Technical and Operational Progress:
Pre-FID site geotechnical investigations to support detailed design and early works topographical readiness advanced, including the completion of 163 test pits across the project footprint, completion of North and Tembo boxcuts and waste rock dumps boreholes.
Commencement of potable water borehole drilling and continued geotechnical drilling, including the completing of all geotechnical holes for eight ventilation raises covering both North and Tembo mines, topographical/LiDAR surveys and progress on North boxcut surface works readiness.
Figure 4: Production water borehole drilling at Kabanga Site, 132m deep, providing a yield of 28,000 L/H
The dual-train milling technical note was completed, and value engineering continued to support FEED and site and mining surface infrastructure development.
Progress continued on the 220kV TANESCO overhead line and related permitting workstreams, including commencement of LiDAR and topographical survey activities, ongoing negotiation of the Implementation Agreement and Power Supply Agreements.
Figure 5: AGS leveling task through the 220Kv transmission line to determine the ground profile for angle point No.29 at Nyakanazi substation
Procurement and contract readiness advanced materially, with 52 critical path Expressions of Interest approved by the Mining Commission and 45 released to market, for contracts valuing approximately $380m.
Project execution readiness advanced through development of the Project Execution Plan and associated plans across five execution pillars, advancement of governance and cost management frameworks, continued scale-up of the Kabanga Owner’s team in critical pre-FID roles, internal approval of the Project Labor Plan and its submission to the Tanzanian Labor Commissioner, and completion of the Local Skills Survey.
In addition to the Special Mining Licence, all material permits needed for current activities are in place, including the water use and abstraction permit; and progress is being made on all key permits required for early works activities.
Camp upgrades are advancing, including accommodation units, laydown areas, storage and camp buildings, maintenance areas, camp sewerage and water treatment plant development.
In-country beneficiation activities to define a pathway for in-country downstream beneficiation and refining of Kabanga flotation concentrate continued, including the completion of the product marketing study, with the initiation of the techno-economic trade-off model framework and pre-feasibility study scoping.
Occupational Health and Safety, Environment and Social Performance Progress:
Zero health, safety, environmental, or security incidents were reported, with +2.7 million hours worked without a lost time injury at Kabanga, with 230 employees and contractors directly engaged by Kabanga Nickel Project as of the end of March 2026.
Resettlement Action Plan (RAP): 100% of the cash compensation payments were made by the company by end of 2025; 97% of Project Affected Households (PAHs) have signed their cash compensation agreements and received the monies, while the remainder was deposited into an escrow account for the benefit of the remaining PAHs.
The Memorandum of Understanding (MoU) for the implementation of 2025 Corporate Social Responsibility (CSR) projects with Ngara District Council was signed, where the project will focus on key initiatives aimed at supporting the Ngara community covering initiatives in health (provision of sanitary pads to schools, blood donation drives, and training for community health workers); education (construction of modern sanitation facilities and supply of desks and tables to secondary schools); promotion of sports activities; and agricultural development through the distribution of avocado seedlings to encourage commercial farming.
Figure 6: The District Commissioner Hon. Mathias Kahabi and senior representatives from both Tembo Nickel and the district following the signing of the MoU for the implementation of 2025 CSR projects
Figure 7: Tembo Nickel donating gas stove sets to mothers at the Nyamiaga Hospital maternity ward and Nazareth Orphanage Centre in Ngara as part of International Women’s Day 2026
Additional key resettlement activities continued, including community stakeholder engagement; resettlement working group meetings; support with document verification for PAHs; the completion of a household wellbeing and livelihood survey, and resettlement site land planning enhancements.
Official visit by the Regional Police Commander to assess the current security status of the project site.
Continued environmental and social commitments in alignment with national and international standards, including monthly and quarterly monitoring; conducted additional biodiversity studies, including habitat assessment and alien plant surveys to further inform the project’s Biodiversity Action Plan.
Figure 8: Tembo Nickel conducting groundwater sample collections at a Kabanga borehole for Q1 2026
An ISO-compliant Life Cycle Assessment for the Kabanga Nickel Project was completed in the quarter, confirming a low climate change emission impact for the production of nickel concentrate, with a separate release planned for Q2 2026.
Exclusivity agreement with the Government of Burundi regarding the Musongati Nickel Project:
On March 10, 2026, Lifezone Metals entered into an exclusivity agreement with the Government of Burundi regarding the Musongati Nickel Project, a large nickel laterite deposit located within the East African Nickel Belt. The agreement grants the Company a 14-month exclusivity period to evaluate the technical and economic potential of the Musongati deposit, including an initial scoping phase during which Lifezone will review existing geological data and develop a longer-term exploration and feasibility assessment program.
Historical studies, including a 2011 resource estimate, indicate a resource of more than 140 million tons of nickel with an estimated nickel grade of 1.31% and potential by-products including copper, cobalt, platinum-group metals, and scandium. The project lies approximately 200 km, southwest of the Kabanga Nickel Project in Tanzania, and the agreement reflects Lifezone’s strategy to evaluate and potentially consolidate significant nickel resources within the Kabanga–Musongati alignment.
Figure 9: Official signing of an exclusivity agreement with the Government of Burundi in Washington D.C., at the U.S. Department of State, hosted by Deputy Assistant Secretary of State for Central Africa and Commercial Engagement in the Bureau of African Affairs, Sarah Troutman
PGM Recycling Project:
The quarter saw the culmination of the PGM Recycling Project batch locked-cycle and pilot test campaign, involving one ton of U.S.-sourced Autocat material, with Lifezone demonstrating the recovery of up to 99% platinum and palladium, and 95% rhodium, with ongoing engineering design and feasibility study nearing completion.
Two distinct, non-duplicative U.S. Department of Energy applications were submitted in January 2026 by Lifezone Recycling US, LLC that together advance a coherent federal strategy to strengthen U.S. critical-minerals production for Platinum Group Metals. The combined federal funding request totals $41.5 million, with a private cost share of $24 million, reflecting Lifezone’s commitment to co-invest alongside public funding.
Simulus Laboratories:
Continued with pilot testwork and progressed on the engineering study for Lifezone Metals’ PGM Recycling Project, successfully producing high-purity platinum, palladium, and rhodium intermediates from spent Autocat material.
Simulus Laboratories shifted focus to external revenue-generating third-party technical work, generating external sales of $ 1.2 million in the first quarter of 2026, a material increase over the same period in 2025.
Figure 10: Continuous precious metals refinery test work at Lifezone’s Simulus Laboratories
Investor Webcast: 30 April 2026 / / 10:00 a.m. ET | 15:00 p.m. BST
Chris Showalter, CEO and Ingo Hofmaier, CFO, will be hosting a conference call and Q&A, today. Analysts and investors can register at: Lifezone Metals Q1 2026 Financial Results Summary Webcast
If you would like to sign up for Lifezone Metals news alerts, please register here.
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About Lifezone Metals
Lifezone Metals (NYSE: LZM) is committed to delivering cleaner and more responsible metals production and recycling. Through the application of our Hydromet Technology, we offer the potential for lower energy consumption, lower emissions and lower cost metals production compared to traditional smelting.
Our Kabanga Nickel Project in Tanzania is believed to be one of the world's largest and highest-grade development-ready nickel sulfide deposits. By pairing it with our Hydromet Technology, we are working to unlock a new source of nickel, copper and cobalt for the global battery metals markets and to empower Tanzania to achieve in-country beneficiation.
Through our US-based recycling partnership, we are working towards applying our Hydromet Technology to the recovery of platinum, palladium and rhodium from responsibly sourced spent automotive catalytic converters. Our process is expected to be cleaner and more efficient than conventional smelting and refining methods, supporting a circular economy for precious metals.
https://lifezonemetals.com
Forward-Looking Statements
Certain statements made herein are not historical facts but may be considered “forward-looking statements” within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the “safe harbor” provisions under the Private Securities Litigation Reform Act of 1995 regarding, amongst other things, the plans, strategies, intentions and prospects, both business and financial, of Lifezone Metals Limited and its subsidiaries.
Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events or results of operations, and any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Forward-looking statements may be accompanied by words such as “believes,” “estimates,” “expects,” “predicts,” “projects,” “forecasts,” “may,” “might,” “will,” “could,” “should,” “would,” “seeks,” “plans,” “scheduled,” “possible,” “continue,” “potential,” “anticipates” or “intends” “or the negatives of these terms or variations of them or similar terminology or expressions that predict or indicate future events or trends or that are not statements of historical matters; provided that the absence of these does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements regarding future events, the estimated or anticipated future results of Lifezone Metals, future opportunities for Lifezone Metals, including the efficacy of Lifezone Metals’ hydrometallurgical technology (Hydromet Technology) and the development of, and processing of mineral resources at, the Kabanga Nickel Project, our approach to environmental stewardship, social responsibility, safety and governance (ESG), and other statements that are not historical facts.
These statements are based on the current expectations of Lifezone Metals’ management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Lifezone Metals and its subsidiaries. These statements are subject to a number of risks and uncertainties regarding Lifezone Metals’ business, and actual results may differ materially. These risks and uncertainties include, but are not limited to: general economic, political and business conditions, including but not limited to economic and operational disruptions; global inflation and cost increases for materials and services; capital and operating costs varying significantly from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; changes in government regulations, legislation and rates of taxation; inflation; changes in exchange rates and the availability of foreign exchange; fluctuations in commodity prices; delays in the development of projects and other factors; the outcome of any legal proceedings that may be instituted against Lifezone Metals; our ability to obtain additional capital, including use of the debt market, future capital requirements and sources and uses of cash; the risks related to the rollout of Lifezone Metals’ business, the efficacy of the Hydromet Technology, and the timing of expected business milestones; the acquisition of, maintenance of and protection of intellectual property; Lifezone’s ability to achieve projections and anticipate uncertainties (including economic or geopolitical uncertainties) relating to our business, operations and financial performance, including: expectations with respect to financial and business performance, future operating results, financial projections and business metrics and any underlying assumptions; expectations regarding product and technology development and pipeline and market size; events relating to environmental issues, social responsibility, safety and/or governance matters, expectations regarding product and technology development and pipeline; future acquisitions, partnerships, or other relationships with third parties; maintaining key strategic relationships with partners and customers; the timing and significance of contractual relationships; the effects of competition on Lifezone Metals’ business; the ability of Lifezone Metals to execute its growth strategy, the development and processing of the mineral resources at the Kabanga Nickel Project; the ability to finance the Kabanga Nickel Project, negotiations regarding the Framework Agreement and other commercial arrangements, the outcome of certain legal proceedings with Tanzania Revenue Authority, Lifezone’s ability to continue to operate as a going concern; obtaining additional capital, including use of the debt market, future capital requirements, and sources and uses of cash; manage growth profitably and retain its key employees; the ability of Lifezone Metals to reach and maintain profitability; enhancing future operating and financial results; complying with laws and regulations applicable to Lifezone Metals’ business; Lifezone Metals’ ability to continue to comply with applicable listing standards of the NYSE; our ability to comply with applicable laws and regulations, stay abreast of accounting standards, or modified or new laws and regulations applying to our business, including privacy regulation; and other risks that will be detailed from time to time in filings with the U.S. Securities and Exchange Commission (SEC); meeting future liquidity requirements and complying with restrictive covenants related to long-term indebtedness; and dealing effectively with litigation, complaints, and/or adverse publicity.
The foregoing list of risk factors is not exhaustive. There may be additional risks that Lifezone Metals presently does not know or that Lifezone Metals currently believes are immaterial that could also cause actual results to differ from those contained in forward-looking statements. In addition, forward-looking statements provide Lifezone Metals’ expectations, plans or forecasts of future events and views as of the date of this communication. Lifezone Metals anticipates that subsequent events and developments will cause Lifezone Metals’ assessments to change.
These forward-looking statements should not be relied upon as representing Lifezone Metals’ assessments as of any date subsequent to the date of this communication. You should not place undue reliance on forward-looking statements in this communication, which are based upon information available to us as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein. In all cases where historical performance is presented, please note that past performance is not a credible indicator of future results.
Except as otherwise required by applicable law, we disclaim any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data, or methods, future events, or other changes after the date of this communication.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260430675277/en/
Investor Relations
Ingo Hofmaier
Chief Financial Officer
ingo.hofmaier@lifezonemetals.com
Original: Lifezone Metals Announces Q1 2026 Financial Results Summary
US Market News
1月前
Lifezone Announces Release Date of Q1 2026 Interim Financial Results and Notice of Investor WebcastApril 27, 2026 4:30 PM
Business Wire
Lifezone Metals Limited (NYSE: LZM) announced today that it plans to release its Q1 2026 interim financial results on April 30, 2026.
Investor Webcast: April 30, 2026 / 10:00 a.m. ET | 15:00 p.m. BST
Chris Showalter, CEO and Ingo Hofmaier, CFO, will be hosting a conference call and Q&A on the day. Analysts and investors can register at: Lifezone Metals Q1 2026 Interim Financial Results Webcast.
If you would like to sign up for Lifezone Metals news alerts, please register here.
Social Media
LinkedIn | X | YouTube
About Lifezone Metals
Lifezone Metals (NYSE: LZM) is committed to delivering cleaner and more responsible metals production and recycling. Through the application of our Hydromet Technology, we offer the potential for lower energy consumption, lower emissions and lower cost metals production compared to traditional smelting.
Our Kabanga Nickel Project in Tanzania is believed to be one of the world's largest and highest-grade development-ready nickel sulfide deposits. By pairing it with our Hydromet Technology, we are working to unlock a new source of nickel, copper and cobalt for the global battery metals markets and to empower Tanzania to achieve in-country beneficiation.
Through our US-based recycling partnership, we are working towards applying our Hydromet Technology to the recovery of platinum, palladium and rhodium from responsibly sourced spent automotive catalytic converters. Our process is expected to be cleaner and more efficient than conventional smelting and refining methods, supporting a circular economy for precious metals.
https://lifezonemetals.com
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the “safe harbor” provisions under the Private Securities Litigation Reform Act of 1995. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events or results of operations, and any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Forward-looking statements may be accompanied by words such as “believes,” “estimates,” “expects,” “predicts,” “projects,” “forecasts,” “may,” “might,” “will,” “could,” “should,” “would,” “seeks,” “plans,” “scheduled,” “possible,” “continue,” “potential,” “anticipates” or “intends” or the negatives of these terms or variations of them or similar terminology or expressions that predict or indicate future events or trends or that are not statements of historical matters; provided, however, that the absence of these words does not mean that a statement is not forward-looking.
Forward-looking statements in this press release, include, but are not limited to, statements regarding the proposed release of the Q1 2026 interim financial results, and the related timing. There can be no assurance as to whether or when the release of the Q1 2026 interim financial results will take place. The forward-looking statements in this press release are subject to risks and uncertainties that may cause actual results to differ materially, including market and other conditions, and risks and uncertainties that may affect the Company’s business, results of operations and financial condition and future operations, and other risks that are and will be detailed from time to time in the Company’s filings with the Securities and Exchange Commission (the “Commission”), including the Company’s Annual Report on Form 20-F for the fiscal year ended December 31, 2025 and the Reports on Form 6-K that the Company files and furnishes from time to time with the Commission. Further, the forward-looking statements in this press release are based on the current expectations of Lifezone Metals’ management. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Lifezone Metals and its subsidiaries. Except as otherwise required by applicable law, we disclaim any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data, or methods, future events, or other changes after the date of this communication.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260427774076/en/
Investor Relations
Ingo Hofmaier
Chief Financial Officer
ingo.hofmaier@lifezonemetals.com
Original: Lifezone Announces Release Date of Q1 2026 Interim Financial Results and Notice of Investor Webcast
US Market News
2月前
Lifezone Produces First-Ever Platinum, Palladium and Rhodium from its U.S. PGM Recycling ProjectApril 7, 2026 6:00 AM
Business Wire
Lifezone Metals Limited’s (NYSE: LZM) Chief Executive Officer, Chris Showalter, and Chief Technology Officer, Dr. Mike Adams, are pleased to announce first production of platinum, palladium and rhodium, collectively Platinum Group Metals (PGMs), from U.S.-sourced spent automotive catalytic converters (“Autocats”).
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260407867645/en/Figure 1: Platinum, palladium and rhodium samples produced by Lifezone’s Hydromet Technology from spent Autocats through pilot test work completed at Lifezone’s Simulus Laboratories in Perth, Australia
The work was undertaken to inform design criteria for a planned Autocats recycling precious metals refinery in the United States and marks the first refined PGMs produced from spent Autocats using Lifezone’s own in-house Hydromet Technology, considered a cleaner, more efficient and integrated processing route for recycling PGMs than traditional smelting and refining.
Highlights:
Over the course of 24 months and 1,179 locked-cycle and pilot batch tests, involving one ton of U.S.-sourced Autocats material, Lifezone’s Hydromet Technology successfully demonstrated the recovery of >99% platinum and palladium, and 95% rhodium.
Extensive test work has successfully demonstrated the technology, with high leach extractions, efficient purification and separation steps, and reduction to metal products.
Further refining optimization targets >99.95% platinum and palladium and >99.9% rhodium metal purities.
Lifezone’s Hydromet Technology is expected to produce less carbon dioxide emissions per ton of metal, compared to traditional pyrometallurgical smelting and refining technologies, and zero sulfur dioxide emissions.
This scalable and capital-efficient technology delivers a substantially shorter production and working capital pipeline than conventional pyrometallurgical smelting processing.
The project continues with ongoing support from Glencore. To date, Glencore has invested $1.5 million for a 6% stake and has the option to fund 50% of the project capital. 1
Following this extensive test work campaign and the locking down of the flow sheet, engineering design and feasibility study work is nearing completion. A financial investment decision is anticipated in Q2 2026 for the implementation of a commercial plant in the U.S.
The United States remains structurally dependent on foreign sources for the ~2 million ounces of PGMs it imports annually, primarily from South Africa and Russia, creating persistent economic and national-security vulnerabilities. PGMs are essential inputs for U.S. automotive emissions systems, defense and aerospace manufacturing, medical technologies, and emerging hydrogen and fuel-cell applications.
Lifezone is now focused on advancing our innovative technology to offer the United States an effective and scalable means to achieve a closed-loop system by producing refined PGMs for North American consumers and government strategic stockpiles. Lifezone’s technology reduces dependency on foreign entities and countries, securing domestic PGM production from secondary sources.
Mr. Showalter stated: “Achieving the first-ever production of platinum, palladium and rhodium metal samples from spent Autocats marks a historic milestone towards industrial implementation of Lifezone’s Hydromet Technology. Our customized flowsheet lays a strong foundation for the Company’s overarching aspiration to become the U.S.’ closed loop, traceable and responsibly sourced critical metals solution.
Our first module alone could produce 220 thousand ounces of 3E PGMs annually, nearly matching the only significant primary PGM mine in the U.S. On rhodium specifically, ranked within the highest U.S. supply chain risk category by the U.S. Geological Survey, this is transformative, as we could produce more than five times the current annual figure coming out of the country’s only producing mine, from a single Lifezone Autocats Recycling plant.”
Dr. Mike Adams added: “The production of platinum, palladium and rhodium metal samples from spent Autocats is a groundbreaking achievement for our integrated technology team at Simulus Laboratories and Engineers. This success highlights the effectiveness of our hydrometallurgical techniques and our commitment to sustainable production of critical metals.
The test work confirmed high recoveries (up to 99% Pt & Pd and 95% Rh, as per test no. 0172 ) of these critical metals to platinum, palladium and rhodium metal products, using our technology. Through completing an extensive 1,179 tests, this step-change result supports our objective – to demonstrate that Lifezone’s Hydromet Technology can process and recover PGMs from responsibly sourced spent automotive catalytic converters in a cleaner and more efficient way than conventional smelting and refining methods.”
Figure 1: Platinum, palladium and rhodium samples produced by Lifezone’s Hydromet Technology from spent Autocats through pilot test work completed at Lifezone’s Simulus Laboratories in Perth, Australia.
Extensive batch, locked-cycle and continuous pilot-plant test work for processing of one ton of monolith material derived from spent Autocats, to refined platinum, palladium and rhodium metals has been completed. Stage 1 metal purities achieved were >99% for Pt and Pd, with process optimizations planned to ultimately target >99.95% platinum and palladium and >99.9% rhodium metal purities. This body of work was undertaken to inform design criteria for the planned Autocats precious metals refinery to be located in the United States.
The pilot plant and batch locked-cycle test work has successfully demonstrated the technology, with high leach extractions, efficient purification and separation steps and reduction to refined metallic products. The production pipeline and, hence, the locked-up metal inventory are expected to be substantially shorter than in conventional pyrometallurgical smelting and refining.
Figure 2: Continuous pilot-plant precious metals refinery test work at Lifezone’s Simulus Laboratories
Simulus is a preeminent hydrometallurgical laboratory, testing, and engineering design group. By bringing its highly trained technicians, engineers, and assets into Lifezone in 2023, Lifezone has been able to shorten laboratory testing times, avoid the regular delays that can occur when using external laboratories, maintain IP confidentiality, and better control costs.
Engineering design and feasibility study work is now advancing, based on the demonstrated process flowsheet and design criteria, to enable a financial investment decision for a commercial plant to be implemented in the United States.
If you would like to sign up for Lifezone Metals news alerts, please register here.
Social Media
LinkedIn | X | YouTube
About Lifezone Metals
Lifezone Metals (NYSE: LZM) is committed to delivering cleaner and more responsible metals production and recycling. Through the application of our Hydromet Technology, we offer the potential for lower energy consumption, lower emissions and lower cost metals production compared to traditional smelting.
Our Kabanga Nickel Project in Tanzania is believed to be one of the world's largest and highest-grade development-ready nickel sulfide deposits. By pairing it with our Hydromet Technology, we are working to unlock a new source of nickel, copper and cobalt for the global battery metals markets and to empower Tanzania to achieve in-country beneficiation.
Through our US-based recycling partnership, we are working towards applying our Hydromet Technology to the recovery of platinum, palladium and rhodium from responsibly sourced spent automotive catalytic converters. Our process is expected to be cleaner and more efficient than conventional smelting and refining methods, supporting a circular economy for precious metals.
https://lifezonemetals.com
Forward-Looking Statements
Certain statements made herein are not historical facts but may be considered “forward-looking statements” within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the “safe harbor” provisions under the Private Securities Litigation Reform Act of 1995 regarding, amongst other things, the plans, strategies, intentions and prospects, both business and financial, of Lifezone Metals Limited and its subsidiaries.
Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events or results of operations, and any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Forward-looking statements may be accompanied by words such as “believes,” “estimates,” “expects,” “predicts,” “projects,” “forecasts,” “may,” “might,” “will,” “could,” “should,” “would,” “seeks,” “plans,” “scheduled,” “possible,” “continue,” “potential,” “anticipates” or “intends” “or the negatives of these terms or variations of them or similar terminology or expressions that predict or indicate future events or trends or that are not statements of historical matters; provided that the absence of these does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements regarding future events, the estimated or anticipated future results of Lifezone Metals, future opportunities for Lifezone Metals, including the efficacy of Lifezone Metals’ hydrometallurgical technology (Hydromet Technology) and the development of, and processing of mineral resources at, the Kabanga Nickel Project, our approach to environmental stewardship, social responsibility, safety and governance (ESG), and other statements that are not historical facts.
These statements are based on the current expectations of Lifezone Metals’ management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Lifezone Metals and its subsidiaries. These statements are subject to a number of risks and uncertainties regarding Lifezone Metals’ business, and actual results may differ materially. These risks and uncertainties include, but are not limited to: general economic, political and business conditions, including but not limited to economic and operational disruptions; global inflation and cost increases for materials and services; capital and operating costs varying significantly from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; changes in government regulations, legislation and rates of taxation; inflation; changes in exchange rates and the availability of foreign exchange; fluctuations in commodity prices; delays in the development of projects and other factors; the outcome of any legal proceedings that may be instituted against Lifezone Metals; our ability to obtain additional capital, including use of the debt market, future capital requirements and sources and uses of cash; the risks related to the rollout of Lifezone Metals’ business, the efficacy of the Hydromet Technology, and the timing of expected business milestones; the acquisition of, maintenance of and protection of intellectual property; Lifezone’s ability to achieve projections and anticipate uncertainties (including economic or geopolitical uncertainties) relating to our business, operations and financial performance, including: expectations with respect to financial and business performance, future operating results, financial projections and business metrics and any underlying assumptions; expectations regarding product and technology development and pipeline and market size; events relating to environmental issues, social responsibility, safety and/or governance matters; future acquisitions, partnerships, or other relationships with third parties; maintaining key strategic relationships with partners and customers; the timing and significance of contractual relationships; the effects of competition on Lifezone Metals’ business; the ability of Lifezone Metals to execute its growth strategy; Lifezone’s ability to continue to operate as a going concern; obtaining additional capital, including use of the debt market, future capital requirements, and sources and uses of cash; manage growth profitably and retain its key employees; the ability of Lifezone Metals to reach and maintain profitability; enhancing future operating and financial results; complying with laws and regulations applicable to Lifezone Metals’ business; Lifezone Metals’ ability to continue to comply with applicable listing standards of the NYSE; our ability to comply with applicable laws and regulations, stay abreast of accounting standards, or modified or new laws and regulations applying to our business, including privacy regulation; and other risks that will be detailed from time to time in filings with the U.S. Securities and Exchange Commission (SEC); meeting future liquidity requirements and complying with restrictive covenants related to long-term indebtedness; and dealing effectively with litigation, complaints, and/or adverse publicity.
The foregoing list of risk factors is not exhaustive. There may be additional risks that Lifezone Metals presently does not know or that Lifezone Metals currently believes are immaterial that could also cause actual results to differ from those contained in forward-looking statements. In addition, forward-looking statements provide Lifezone Metals’ expectations, plans or forecasts of future events and views as of the date of this communication. Lifezone Metals anticipates that subsequent events and developments will cause Lifezone Metals’ assessments to change.
These forward-looking statements should not be relied upon as representing Lifezone Metals’ assessments as of any date subsequent to the date of this communication. You should not place undue reliance on forward-looking statements in this communication, which are based upon information available to us as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein. In all cases where historical performance is presented, please note that past performance is not a credible indicator of future results.
Except as otherwise required by applicable law, we disclaim any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data, or methods, future events, or other changes after the date of this communication.
1 Lifezone_Metals announces completion of funding for PGM Recycling
View source version on businesswire.com: https://www.businesswire.com/news/home/20260407867645/en/
Investor Relations
Ingo Hofmaier
Chief Financial Officer
ingo.hofmaier@lifezonemetals.com
Original: Lifezone Produces First-Ever Platinum, Palladium and Rhodium from its U.S. PGM Recycling Project
US Market News
3月前
Lifezone Metals Announces 2025 Financial Results and Filing of Form 20-FMarch 19, 2026 7:04 AM
Business Wire
Lifezone Metals Limited’s (NYSE: LZM) Chief Executive Officer, Chris Showalter and Chief Financial Officer, Ingo Hofmaier, announce the full-year 2025 financial results and the filing of Lifezone’s Annual Report on Form 20-F with the U.S. Securities and Exchange Commission, available on Edgar and the Company’s website.
Mr. Hofmaier commented: “Throughout 2025, we continued to advance the high-grade Kabanga Nickel Project, amid a challenging nickel market, which included the filing of a Feasibility Study with strong economics, raising $60 million from Taurus Mining Finance and $15 million in equity from U.S. investors, demonstrating the quality, scale, and long-term potential of the Kabanga Nickel Project. Our financial discipline has maintained a strong financial position as we progress the project towards key milestones. We ended the year with a cash balance of around $20 million and undrawn funds from Taurus Mining Finance of $40 million.
In addition, we acquired BHP’s minority interest in Kabanga without any immediate cash outlay and meaningfully advanced our project finance efforts, as part of our commitment to ensuring execution readiness for a Final Investment Decision in late 2026.
At the end of 2025, Lifezone had invested over $140 million into the exploration and evaluation of the Kabanga Nickel Project, creating a solid technical foundation for the execution phase along with a much-improved nickel price outlook.”
Financial Summary:
On August 11, 2025, Kabanga Nickel Limited entered into a $60 million senior secured bridge loan facility agreement with Taurus Mining Finance, a leading global provider of structured finance to the mining sector.
On November 12, 2025, Lifezone closed a $15 million underwritten registered direct offering 4,411,764 ordinary shares and warrants to purchase up to 4,411,764 ordinary shares.
Lifezone Metals reported a cash balance of $20.1 million as of December 31, 2025, compared to $29.3 million as of December 31, 2024.
For the year ending December 31, 2025, Lifezone reported a basic and diluted loss per share of $0.17, based on a net loss of $13.6 million attributable to Lifezone shareholders and 79.9 million weighted average ordinary shares outstanding. This compares to a basic and diluted loss per share of $0.59 in 2024.
Cash usage from investing activities during the year amounted to $21.3 million, with $21.8 million invested in the Kabanga Nickel Project.
In Q2 2025, Lifezone completed a group-wide rightsizing program to align with a challenging nickel market.
As at December 31, 2025, an additional $40 million remains available for drawdown under the Taurus Mining Finance bridge loan facility; with another $5 million drawn on March 16, 2026, as an advance for a larger second utilization awaiting closing.
Corporate highlights:
On July 18, 2025, Lifezone filed the Feasibility Study Technical Report Summary for the Kabanga Nickel Project, declaring the first ever Mineral Reserves. The Feasibility Study outlines an 18-year life of mine operation with a 3.4 million tonnes per annum underground mine and concentrator, with an after-tax net present value of $1.58 billion using an 8% discount rate and an after-tax internal rate of return of 23.3%.
Pre-production capital expenditures for the project are estimated at $942 million, and attractive all-in sustaining costs averaging $3.36/lb payable nickel (net of copper and cobalt by-product credits) over the life of mine, as a result of high grades.
The low costs all-in sustaining costs are a result of the Proven and Probable Mineral Reserves of 52.2 million tonnes (100% Basis; LZM Attributable: 43.9 million tonnes), grading 1.98% Nickel, 0.27% Copper and 0.15% Cobalt.
Lifezone completed the acquisition of BHP’s 17% equity interest in Kabanga Nickel Limited, consolidating control over the offtake, with the Government of Tanzania remaining our project-level partner, with a free-carried interest of 16%.
Early works activities commenced, including underground and surface geotechnical drilling contracts to support final designs, with mobilization and site preparation completed.
Zero health, safety, environmental, or security incidents were reported, with +2.5 million hours worked without a lost time injury at Kabanga.
Continued environmental and social commitments in alignment with national and international standards.
Completed the Kabanga Environmental and Social Impact Assessments and Resettlement Action Plan, aligned with the national and international standards.
Completed a total of 97% of project affected households' cash compensation payments.
Official signing in March 2026 of an exclusivity agreement with the Government of Burundi over the globally significant Musongati nickel laterite project, located within the larger East African Nickel Belt, only 200km from Kabanga.
Mr. Showalter said: “2025 was another momentous year for Lifezone, as we completed the Feasibility Study for our flagship Kabanga Nickel Project and consolidated 100% ownership of Kabanga Nickel Limited, following the acquisition of BHP’s equity interest. This means we now control 84% of the Project, with the Government of Tanzania owning the remaining 16%.
Kabanga remains the cornerstone of our long-term growth strategy. Its high-grade resource and competitive cost profile, coupled with future integration with our exciting Hydromet Technology, position us to deliver meaningful, sustainable value as global demand for cleaner battery metals accelerates.
With the successful completion of $75 million in capital raises in H2 2025, Lifezone has commenced execution readiness activities to advance and de-risk the project and prepare for project execution as we head towards the Final Investment Decision.”
Investor Webcast: 19 March 2026 / / 10:00 a.m. ET | 14:00 p.m. GMT
Chris Showalter, CEO and Ingo Hofmaier, CFO, will be hosting a conference call and Q&A, today. Analysts and investors can register at: Lifezone Metals 2025 Financial Results Webcast.
If you would like to sign up for Lifezone Metals news alerts, please register here.
Social Media
LinkedIn | X | YouTube
About Lifezone Metals
Lifezone Metals (NYSE: LZM) is committed to delivering cleaner and more responsible metals production and recycling. Through the application of our Hydromet Technology, we offer the potential for lower energy consumption, lower emissions and lower cost metals production compared to traditional smelting.
Our Kabanga Nickel Project in Tanzania is believed to be one of the world's largest and highest-grade development-ready nickel sulfide deposits. By pairing it with our Hydromet Technology, we are working to unlock a new source of nickel, copper and cobalt for the global battery metals markets and to empower Tanzania to achieve in-country beneficiation.
Through our US-based recycling partnership, we are working towards applying our Hydromet Technology to the recovery of platinum, palladium and rhodium from responsibly sourced spent automotive catalytic converters. Our process is expected to be cleaner and more efficient than conventional smelting and refining methods, supporting a circular economy for precious metals.
www.lifezonemetals.com
Forward-Looking Statements
Certain statements made herein are not historical facts but may be considered “forward-looking statements” within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the “safe harbor” provisions under the Private Securities Litigation Reform Act of 1995 regarding, amongst other things, the plans, strategies, intentions and prospects, both business and financial, of Lifezone Metals Limited and its subsidiaries.
Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events or results of operations, and any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Forward-looking statements may be accompanied by words such as “believes,” “estimates,” “expects,” “predicts,” “projects,” “forecasts,” “may,” “might,” “will,” “could,” “should,” “would,” “seeks,” “plans,” “scheduled,” “possible,” “continue,” “potential,” “anticipates” or “intends” “or the negatives of these terms or variations of them or similar terminology or expressions that predict or indicate future events or trends or that are not statements of historical matters; provided that the absence of these does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements regarding future events, the estimated or anticipated future results of Lifezone Metals, future opportunities for Lifezone Metals, including the efficacy of Lifezone Metals’ hydrometallurgical technology (Hydromet Technology) and the development of, and processing of mineral resources at, the Kabanga Nickel Project, our approach to environmental stewardship, social responsibility, safety and governance (ESG), and other statements that are not historical facts.
These statements are based on the current expectations of Lifezone Metals’ management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Lifezone Metals and its subsidiaries. These statements are subject to a number of risks and uncertainties regarding Lifezone Metals’ business, and actual results may differ materially. These risks and uncertainties include, but are not limited to: general economic, political and business conditions, including but not limited to economic and operational disruptions; global inflation and cost increases for materials and services; capital and operating costs varying significantly from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; changes in government regulations, legislation and rates of taxation; inflation; changes in exchange rates and the availability of foreign exchange; fluctuations in commodity prices; delays in the development of projects and other factors; the outcome of any legal proceedings that may be instituted against Lifezone Metals; our ability to obtain additional capital, including use of the debt market, future capital requirements and sources and uses of cash; the risks related to the rollout of Lifezone Metals’ business, the efficacy of the Hydromet Technology, and the timing of expected business milestones; the acquisition of, maintenance of and protection of intellectual property; Lifezone’s ability to achieve projections and anticipate uncertainties (including economic or geopolitical uncertainties) relating to our business, operations and financial performance, including: expectations with respect to financial and business performance, future operating results, financial projections and business metrics and any underlying assumptions; expectations regarding product and technology development and pipeline and market size; events relating to environmental issues, social responsibility, safety and/or governance matters, expectations regarding product and technology development and pipeline; future acquisitions, partnerships, or other relationships with third parties; maintaining key strategic relationships with partners and customers; the timing and significance of contractual relationships; the effects of competition on Lifezone Metals’ business; the ability of Lifezone Metals to execute its growth strategy, the development and processing of the mineral resources at the Kabanga Nickel Project; the ability to finance the Kabanga Nickel Project, negotiations regarding the Framework Agreement and other commercial arrangements, the outcome of certain legal proceedings with Tanzania Revenue Authority, Lifezone’s ability to continue to operate as a going concern; obtaining additional capital, including use of the debt market, future capital requirements, and sources and uses of cash; manage growth profitably and retain its key employees; the ability of Lifezone Metals to reach and maintain profitability; enhancing future operating and financial results; complying with laws and regulations applicable to Lifezone Metals’ business; Lifezone Metals’ ability to continue to comply with applicable listing standards of the NYSE; our ability to comply with applicable laws and regulations, stay abreast of accounting standards, or modified or new laws and regulations applying to our business, including privacy regulation; and other risks that will be detailed from time to time in filings with the U.S. Securities and Exchange Commission (SEC); meeting future liquidity requirements and complying with restrictive covenants related to long-term indebtedness; and dealing effectively with litigation, complaints, and/or adverse publicity.
The foregoing list of risk factors is not exhaustive. There may be additional risks that Lifezone Metals presently does not know or that Lifezone Metals currently believes are immaterial that could also cause actual results to differ from those contained in forward-looking statements. In addition, forward-looking statements provide Lifezone Metals’ expectations, plans or forecasts of future events and views as of the date of this communication. Lifezone Metals anticipates that subsequent events and developments will cause Lifezone Metals’ assessments to change.
These forward-looking statements should not be relied upon as representing Lifezone Metals’ assessments as of any date subsequent to the date of this communication. You should not place undue reliance on forward-looking statements in this communication, which are based upon information available to us as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein. In all cases where historical performance is presented, please note that past performance is not a credible indicator of future results.
Except as otherwise required by applicable law, we disclaim any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data, or methods, future events, or other changes after the date of this communication.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260319006561/en/
Investor Relations
Ingo Hofmaier
Chief Financial Officer
ingo.hofmaier@lifezonemetals.com
Original: Lifezone Metals Announces 2025 Financial Results and Filing of Form 20-F
US Market News
3月前
Lifezone Announces Release Date of 2025 Financial Results and Notice of Financial Results Investor WebcastMarch 16, 2026 1:23 PM
Business Wire
Lifezone Metals Limited (NYSE: LZM) announced today that it plans to release its Full Year 2025 financial results and file its 20-F with the U.S. Securities and Exchange Commission on March 19, 2026.
Investor Webcast: March 19, 2026 / 10:00 a.m. ET | 14:00 p.m. GMT
Chris Showalter, CEO and Ingo Hofmaier, CFO, will be hosting a conference call and Q&A on the day. Analysts and investors can register at: Lifezone Metals 2025 Financial Results Webcast.
If you would like to sign up for Lifezone Metals news alerts, please register here.
Social Media
LinkedIn | X | YouTube
About Lifezone Metals
Lifezone Metals (NYSE: LZM) is committed to delivering cleaner and more responsible metals production and recycling. Through the application of our Hydromet Technology, we offer the potential for lower energy consumption, lower emissions and lower cost metals production compared to traditional smelting.
Our Kabanga Nickel Project in Tanzania is believed to be one of the world's largest and highest-grade development-ready nickel sulfide deposits. By pairing it with our Hydromet Technology, we are working to unlock a new source of nickel, copper and cobalt for the global battery metals markets and to empower Tanzania to achieve in-country beneficiation.
Through our US-based recycling partnership, we are working towards applying our Hydromet Technology to the recovery of platinum, palladium and rhodium from responsibly sourced spent automotive catalytic converters. Our process is expected to be cleaner and more efficient than conventional smelting and refining methods, supporting a circular economy for precious metals.
https://lifezonemetals.com
Forward-Looking Statements
Certain statements made herein are not historical facts but may be considered “forward-looking statements” within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the “safe harbor” provisions under the Private Securities Litigation Reform Act of 1995 regarding, amongst other things, the plans, strategies, intentions and prospects, both business and financial, of Lifezone Metals Limited and its subsidiaries.
Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events or results of operations, and any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Forward-looking statements may be accompanied by words such as “believes,” “estimates,” “expects,” “predicts,” “projects,” “forecasts,” “may,” “might,” “will,” “could,” “should,” “would,” “seeks,” “plans,” “scheduled,” “possible,” “continue,” “potential,” “anticipates” or “intends” or the negatives of these terms or variations of them or similar terminology or expressions that predict or indicate future events or trends or that are not statements of historical matters; provided that the absence of these does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements regarding future events, the estimated or anticipated future results of Lifezone Metals, future opportunities for Lifezone Metals, including the efficacy of Lifezone Metals’ hydrometallurgical technology (Hydromet Technology) and the development of, and processing of mineral resources at, the Kabanga Nickel Project, our approach to environmental stewardship, social responsibility, safety and governance (ESG), and other statements that are not historical facts.
These statements are based on the current expectations of Lifezone Metals’ management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Lifezone Metals and its subsidiaries. These statements are subject to a number of risks and uncertainties regarding Lifezone Metals’ business, and actual results may differ materially. These risks and uncertainties include, but are not limited to: general economic, political and business conditions, including but not limited to economic and operational disruptions; global inflation and cost increases for materials and services; capital and operating costs varying significantly from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; changes in government regulations, legislation and rates of taxation; inflation; changes in exchange rates and the availability of foreign exchange; fluctuations in commodity prices; delays in the development of projects and other factors; the outcome of any legal proceedings that may be instituted against Lifezone Metals; our ability to obtain additional capital, including use of the debt market, future capital requirements and sources and uses of cash; the risks related to the rollout of Lifezone Metals’ business, the efficacy of the Hydromet Technology, and the timing of expected business milestones; the acquisition of, maintenance of and protection of intellectual property; Lifezone’s ability to achieve projections and anticipate uncertainties (including economic or geopolitical uncertainties) relating to our business, operations and financial performance, including: expectations with respect to financial and business performance, future operating results, financial projections and business metrics and any underlying assumptions; expectations regarding product and technology development and pipeline and market size; events relating to environmental issues, social responsibility, safety and/or governance matters, expectations regarding product and technology development and pipeline; future acquisitions, partnerships, or other relationships with third parties; maintaining key strategic relationships with partners and customers; the timing and significance of contractual relationships; the effects of competition on Lifezone Metals’ business; the ability of Lifezone Metals to execute its growth strategy, the development and processing of the mineral resources at the Kabanga Nickel Project; obtaining additional capital, including use of the debt market, future capital requirements, and sources and uses of cash; manage growth profitably and retain its key employees; the ability of Lifezone Metals to reach and maintain profitability; enhancing future operating and financial results; complying with laws and regulations applicable to Lifezone Metals’ business; Lifezone Metals’ ability to continue to comply with applicable listing standards of the NYSE; our ability to comply with applicable laws and regulations, stay abreast of accounting standards, or modified or new laws and regulations applying to our business, including privacy regulation; and other risks that will be detailed from time to time in filings with the U.S. Securities and Exchange Commission (SEC); meeting future liquidity requirements and complying with restrictive covenants related to long-term indebtedness; and dealing effectively with litigation, complaints, and/or adverse publicity.
The foregoing list of risk factors is not exhaustive. There may be additional risks that Lifezone Metals presently does not know or that Lifezone Metals currently believes are immaterial that could also cause actual results to differ from those contained in forward-looking statements. In addition, forward-looking statements provide Lifezone Metals’ expectations, plans or forecasts of future events and views as of the date of this communication. Lifezone Metals anticipates that subsequent events and developments will cause Lifezone Metals’ assessments to change.
These forward-looking statements should not be relied upon as representing Lifezone Metals’ assessments as of any date subsequent to the date of this communication. You should not place undue reliance on forward-looking statements in this communication, which are based upon information available to us as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein. In all cases where historical performance is presented, please note that past performance is not a credible indicator of future results.
Except as otherwise required by applicable law, we disclaim any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data, or methods, future events, or other changes after the date of this communication.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260316274485/en/
Investor Relations
Ingo Hofmaier
Chief Financial Officer
ingo.hofmaier@lifezonemetals.com
Original: Lifezone Announces Release Date of 2025 Financial Results and Notice of Financial Results Investor Webcast
US Market News
3月前
Lifezone Announces Exclusivity Agreement over the Musongati Nickel Project in BurundiMarch 10, 2026 4:24 PM
Business Wire
Lifezone Metals Limited (NYSE: LZM) today announced the official signing of an exclusivity agreement with the Government of Burundi over the globally significant Musongati nickel laterite project, located in Burundi and part of the larger East African Nickel Belt, which also includes Lifezone’s Kabanga Nickel Project.
The Musongati Nickel Project has been the subject of material exploration and evaluation activities over the last 50 years, and earlier studies indicate the potential to recover copper, cobalt, gold, platinum-group metals, and scandium as by-products. A 2011 study defined a resource of more than 140 million tons, making Musongati a major, large-tonnage open-pittable resource.
A signing ceremony took place Tuesday in Washington D.C., at the U.S. Department of State, hosted by Deputy Assistant Secretary of State for Central Africa and Commercial Engagement in the Bureau of African Affairs, Sarah Troutman. Lifezone Chief Executive Officer, Chris Showalter, was joined by Burundi’s Minister of Mineral Resources, Energy, Industry, Trade, and Tourism, Dr. Hassan Kibeya along with representatives from the United States government and other stakeholders.
Representatives from KoBold Metals were also in attendance, signing a Memorandum of Understanding with Burundi regarding the digitization of the country’s geological data. The California-based company uses advanced artificial intelligence and data-driven technology to identify deposits of critical minerals.
HIGHLIGHTS
The Musongati Nickel Project is Burundi's most important nickel deposit and sits within the world-class NE-SW-trending line of mafic-ultramafic intrusions known as the Kabanga-Musongati Alignment of the East African Nickel Belt, approximately 125 miles (c.200Km) South-West from Lifezone’s flagship Kabanga Nickel Project in neighboring Tanzania.
The exclusivity agreement consolidates globally significant regional deposits within the East African Nickel Belt under a single umbrella, creating an even larger inventory of resources to compete from a grade and cost standpoint with the concentrated supply from Southeast Asia.
The 14-month exclusivity agreement allows Lifezone to commit its geological and technical expertise and resources to assess the Musongati nickel laterite project within this initial exclusivity phase, as the Company heads towards financial close and a Final Investment Decision on its key Kabanga Nickel Project in neighboring Tanzania.
The exclusivity agreement initially includes a 30-day scoping phase for Lifezone’s in-house team to generate a longer-term plan towards an exploration and economic feasibility program for Musongati, with potential to extend the Exclusivity Period further to encompass the length of this program.
The initial scoping phase will incorporate data from previous work on this well-known and understood deposit.
Lifezone CEO, Christopher Showalter, commented: “As a NYSE-listed entity, Lifezone is ideally positioned to become the supplier of choice for the United States’ and partner nations of FORGE1 for nickel, a critical metal deemed vital to the U.S. economy and national security, and one which faces potential risks from disrupted supply chains.
East Africa is home to one of the world’s richest mineral complexes, the East African Nickel Belt, and, thanks to significant infrastructure investment in recent years, the deposits within it are becoming economically exploitable and competitive on a global scale. Our flagship Kabanga project has already seen this occur, with significant energy and rail infrastructure now in place to unlock this tier-1 asset. We believe that today’s agreement between these key signatories can also unlock the latent potential of Musongati”.
Burundi’s Minister of Mineral Resources, Energy, Industry, Trade, and Tourism, Dr. Hassan Kibeya said: “We welcome Lifezone as a partner in Burundi. The agreement we have signed today is built on a foundation of transparency and mutual respect. Together, the Government of Burundi and Lifezone Metals are unlocking the full potential of the Musongati Project. We look forward to working together to responsibly develop this important resource for the benefit of the people of Burundi.”
United States, Deputy Assistant Secretary Bureau of African Affairs, Sarah Troutman said: “Securing resilient and transparent critical mineral supply chains is a national security priority for the U.S., and Africa - particularly partners like Burundi - play a vital role in this effort. By working with our allies to build mutually beneficial critical mineral partnerships, we are forging long-lasting stability and shared economic growth. Lifezone's progress with the Musongati nickel project represents a cornerstone investment in the U.S.-Burundi relationship and underscores our commitment to increasing U.S. investment throughout Burundi. This milestone is a significant step toward diversifying and strengthening nickel supply chains essential for U.S. industry and the United States looks forward to continuing close engagement with the Government of Burundi to finalize this investment.”
FORGE stands for The Forum on Resource Geostrategic Engagement and has replaced Mineral Security Partnership. FORGE was announced in early February 2026 and will be chaired by the Republic of Korea until mid this year. FORGE is designed to elevate and centralize the United States international engagement on critical minerals with the objective of reshaping the global market for critical minerals and rare earths. Partners in the Forum include countries from Africa, Asia, Europe and Asia, as well the European Commission and was announced in the presence of Secretary of State Marco Rubio, joined by the Vice President, the Treasury Secretary and the Energy Secretary of the United States together with representatives of 54 countries, including 43 foreign and other ministers, at the 2026 Critical Minerals Ministerial at the Department of State, on February 4, 2026.
About Lifezone Metals
Lifezone Metals (NYSE: LZM) is committed to delivering cleaner and more responsible metals production and recycling. Through the application of our Hydromet Technology, we offer the potential for lower energy consumption, lower emissions and lower cost metals production compared to traditional smelting.
Our Kabanga Nickel Project in Tanzania is believed to be one of the world's largest and highest-grade development-ready nickel sulfide deposits. By pairing it with our Hydromet Technology, we are working to unlock a new source of nickel, copper and cobalt for the global battery metals markets and to empower Tanzania to achieve in-country beneficiation.
Through our US-based recycling partnership, we are working towards applying our Hydromet Technology to the recovery of platinum, palladium and rhodium from responsibly sourced spent automotive catalytic converters. Our process is expected to be cleaner and more efficient than conventional smelting and refining methods, supporting a circular economy for precious metals.
https://lifezonemetals.com
Forward-Looking Statements
Certain statements made herein are not historical facts but may be considered “forward-looking statements” within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the “safe harbor” provisions under the Private Securities Litigation Reform Act of 1995 regarding, amongst other things, the plans, strategies, intentions and prospects, both business and financial, of Lifezone Metals Limited and its subsidiaries.
Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events or results of operations, and any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Forward-looking statements may be accompanied by words such as “believes,” “estimates,” “expects,” “predicts,” “projects,” “forecasts,” “may,” “might,” “will,” “could,” “should,” “would,” “seeks,” “plans,” “scheduled,” “possible,” “continue,” “potential,” “anticipates” or “intends” “or the negatives of these terms or variations of them or similar terminology or expressions that predict or indicate future events or trends or that are not statements of historical matters; provided that the absence of these does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements regarding future events, the estimated or anticipated future results of Lifezone Metals, future opportunities for Lifezone Metals, including the efficacy of Lifezone Metals’ hydrometallurgical technology (Hydromet Technology) and the development of, and processing of mineral resources at, the Kabanga Nickel Project, our approach to environmental stewardship, social responsibility, safety and governance (ESG), and other statements that are not historical facts.
These statements are based on the current expectations of Lifezone Metals’ management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Lifezone Metals and its subsidiaries. These statements are subject to a number of risks and uncertainties regarding Lifezone Metals’ business, and actual results may differ materially. These risks and uncertainties include, but are not limited to: general economic, political and business conditions, including but not limited to economic and operational disruptions; global inflation and cost increases for materials and services; capital and operating costs varying significantly from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; changes in government regulations, legislation and rates of taxation; inflation; changes in exchange rates and the availability of foreign exchange; fluctuations in commodity prices; delays in the development of projects and other factors; the outcome of any legal proceedings that may be instituted against Lifezone Metals; our ability to obtain additional capital, including use of the debt market, future capital requirements and sources and uses of cash; the risks related to the rollout of Lifezone Metals’ business, the efficacy of the Hydromet Technology, and the timing of expected business milestones; the acquisition of, maintenance of and protection of intellectual property; Lifezone’s ability to achieve projections and anticipate uncertainties (including economic or geopolitical uncertainties) relating to our business, operations and financial performance, including: expectations with respect to financial and business performance, future operating results, financial projections and business metrics and any underlying assumptions; expectations regarding product and technology development and pipeline and market size; events relating to environmental issues, social responsibility, safety and/or governance matters, expectations regarding product and technology development and pipeline; future acquisitions, partnerships, or other relationships with third parties; maintaining key strategic relationships with partners and customers; the timing and significance of contractual relationships; the effects of competition on Lifezone Metals’ business; the ability of Lifezone Metals to execute its growth strategy, the development and processing of the mineral resources at the Kabanga Nickel Project; obtaining additional capital, including use of the debt market, future capital requirements, and sources and uses of cash; manage growth profitably and retain its key employees; the ability of Lifezone Metals to reach and maintain profitability; enhancing future operating and financial results; complying with laws and regulations applicable to Lifezone Metals’ business; Lifezone Metals’ ability to continue to comply with applicable listing standards of the NYSE; our ability to comply with applicable laws and regulations, stay abreast of accounting standards, or modified or new laws and regulations applying to our business, including privacy regulation; and other risks that will be detailed from time to time in filings with the U.S. Securities and Exchange Commission (SEC); meeting future liquidity requirements and complying with restrictive covenants related to long-term indebtedness; and dealing effectively with litigation, complaints, and/or adverse publicity.
The foregoing list of risk factors is not exhaustive. There may be additional risks that Lifezone Metals presently does not know or that Lifezone Metals currently believes are immaterial that could also cause actual results to differ from those contained in forward-looking statements. In addition, forward-looking statements provide Lifezone Metals’ expectations, plans or forecasts of future events and views as of the date of this communication. Lifezone Metals anticipates that subsequent events and developments will cause Lifezone Metals’ assessments to change.
These forward-looking statements should not be relied upon as representing Lifezone Metals’ assessments as of any date subsequent to the date of this communication. You should not place undue reliance on forward-looking statements in this communication, which are based upon information available to us as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein. In all cases where historical performance is presented, please note that past performance is not a credible indicator of future results.
Except as otherwise required by applicable law, we disclaim any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data, or methods, future events, or other changes after the date of this communication.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260310777774/en/
Investor Relations
Ingo Hofmaier
Chief Financial Officer
ingo.hofmaier@lifezonemetals.com
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Original: Lifezone Announces Exclusivity Agreement over the Musongati Nickel Project in Burundi
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