Research analysts covering Lifezone Metals.
Recent press releases and 8-K filings for LZM.
Lifezone Metals Releases Investor Presentation with Unaudited Q4 2025 Financials and Project Updates
LZM
New Projects/Investments
Debt Issuance
Guidance Update
- Lifezone Metals Limited (LZM) released an investor presentation for upcoming conferences, which included unaudited net debt and cash balance as of December 31, 2025. The company anticipates announcing its 2025 Financial Results in mid-March 2026.
- The Kabanga Nickel Project is highlighted as a strategic critical metals asset with 52.2 Mt of Proven + Probable Mineral Reserves and robust economics from its July 2025 Feasibility Study, including an after-tax NPV8% of $1.58 billion and an after-tax IRR of 23.3%.
- The company secured a $60 million bridge loan facility in September 2025 to advance the Kabanga Project towards a Final Investment Decision (FID) expected in 2026.
- Lifezone Metals is also progressing a Platinum, Palladium, and Rhodium (PGM) recycling project with Glencore, with a Final Investment Decision for this project expected in Q1 2026.
20 hours ago
Lifezone Metals Provides Update on Kabanga Nickel Project and Hydrometallurgy Technology
LZM
New Projects/Investments
Guidance Update
Revenue Acceleration/Inflection
- Lifezone Metals (LZM) is advancing its Kabanga Nickel Project in Tanzania, described as the largest development-ready nickel sulfide project globally, with a $1.6 billion net asset value and a 23% IRR. The project is strategically important for critical metals supply chains and has engagement with the U.S. International Development Finance Corporation (DFC) for project financing and political risk insurance.
- The company is raising $500 million in equity and $800 million in debt financing for the Kabanga project, targeting a final investment decision (FID) in Q2 next year. Production is anticipated approximately two and a half years from FID, aiming for the back end of 2028.
- Kabanga is a high-grade nickel project (over 2% nickel) with an all-in sustaining cost of $7,800 per ton, positioning it in the first quartile for costs. It is expected to be a top 10 global nickel producer, yielding approximately 50,000 tons of nickel metal, 6,000-8,000 tons of copper, and 4,000-5,000 tons of cobalt annually.
- Lifezone Metals also leverages its proprietary hydrometallurgy technology, holding 120 global patents, which offers a more energy-efficient processing method. This technology is being commercialized through projects such as a 50/50 partnership with Glencore for recycling platinum group metals (PGMs) from catalytic converters, with build-out commencing early next year.
Dec 11, 2025, 3:45 PM
Lifezone Metals Provides Update on Kabanga Nickel Project Development and Hydrometallurgy Technology
LZM
New Projects/Investments
Debt Issuance
Guidance Update
- Lifezone Metals (LZM) is advancing its Kabanga Nickel Project in Tanzania, which boasts a $1.6 billion net asset value and 23% IRR, driven by an exceptionally high 2% nickel grade and an all-in sustaining cost of $7,800 per ton.
- The company is actively securing $500 million in equity and $800 million in debt financing for Kabanga, with a final investment decision (FID) targeted for Q2 2026 and metal production estimated for the back end of 2028.
- Kabanga is projected to produce approximately 50,000 tons of nickel metal, 6,000-8,000 tons of copper, and 4,000-5,000 tons of cobalt annually, addressing critical Western supply chain needs.
- Lifezone Metals is also commercializing its hydrometallurgy technology, notably through a 50/50 partnership with Glencore to develop $30 million recycling facilities for platinum group metals, with each facility capable of producing 200,000 ounces per annum.
- The Kabanga project is receiving support from the U.S. Development Finance Corporation for project financing and political risk insurance, highlighting its strategic importance.
Dec 11, 2025, 3:45 PM
Lifezone Metals Advances Kabanga Nickel Project with Robust Economics and Financing
LZM
New Projects/Investments
Debt Issuance
- The Kabanga Nickel Project, 84% owned by Lifezone Metals, is identified as one of the largest and highest-grade development-ready nickel sulfide deposits.
- The July 2025 Feasibility Study confirmed robust economics, including an After-Tax NPV8% of $1.58 billion and an After-Tax IRR of 23.3%.
- The project is fully permitted and execution readiness is underway, with a Final Investment Decision expected in 2026.
- It is positioned in the first quartile of the global nickel cost curve with an All-in Sustaining Cost (AISC) of $3.36/lb Ni net of credits.
- Lifezone Metals secured a $60 million bridge loan facility from Taurus Mining Finance in August 2025 to advance towards the Final Investment Decision.
Dec 11, 2025, 3:45 PM
Lifezone Metals Provides Update on Kabanga Project and Technology Commercialization
LZM
New Projects/Investments
Debt Issuance
Product Launch
- Lifezone Metals' Kabanga Nickel Project in Tanzania has a $1.6 billion net asset value and a 23% IRR, positioning it as a strategically important source of critical metals outside of Chinese-controlled supply chains.
- The company is raising $500 million in equity and $800 million in debt financing for the Kabanga project, with a Final Investment Decision (FID) targeted for Q2 2026.
- Once operational, the Kabanga project is expected to be a top 10 global nickel mine, producing approximately 50,000 tons of nickel metal, 6,000-8,000 tons of copper, and 4,000-5,000 tons of cobalt annually, with an all-in sustaining cost of $7,800 per ton.
- First metal production from Kabanga is anticipated around the back end of 2028.
- Lifezone Metals is also commercializing its hydrometallurgy technology, including a 50/50 partnership with Glencore for PGM recycling from catalytic converters, with piloting complete and build-out commencing early 2026.
Dec 11, 2025, 3:45 PM
Lifezone Metals Announces Pricing of $15 Million Underwritten Registered Direct Offering
LZM
New Projects/Investments
- Lifezone Metals Limited priced an underwritten registered direct offering of 4,411,764 ordinary shares and accompanying warrants to purchase an equal number of ordinary shares. The offering price is $3.40 per ordinary share and accompanying warrant.
- The offering is expected to generate approximately $15 million in gross proceeds.
- The warrants will have an exercise price of $4.00 per ordinary share and will be exercisable for a period of four years.
- The net proceeds from the offering will be used for Kabanga Nickel Project exploration, project staffing, and other general corporate purposes. The offering is anticipated to close on or about November 12, 2025.
Nov 12, 2025, 11:17 AM
Lifezone Metals Closes Bridge Loan for Kabanga Nickel Project
LZM
Debt Issuance
New Projects/Investments
- Lifezone Metals Limited's subsidiary, Kabanga Nickel Limited, has closed a $60 million secured bridge loan facility agreement with Taurus Mining Finance Fund No. 2, L.P..
- An initial drawdown of $20 million has been made, with the funds intended to support the advancement of the Kabanga Nickel Project in north-west Tanzania.
- The funds will be used for critical early works and infrastructure development, and to accelerate the project finance process for the Kabanga Nickel Project, following the release of favorable feasibility study economics on July 18, 2025.
- This first drawdown concludes the short-term financing process, and Lifezone Metals is engaged in advanced discussions for potential long-term partnerships and equity investments related to the Kabanga Nickel Project.
Sep 2, 2025, 10:40 AM
Quarterly earnings call transcripts for Lifezone Metals.
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