Core Insights - Lifezone Metals Limited announced its 2025 financial results and the filing of its Annual Report on Form 20-F with the U.S. Securities and Exchange Commission, highlighting significant advancements in the Kabanga Nickel Project despite a challenging nickel market [1][2]. Financial Performance - For the year ending December 31, 2025, Lifezone reported a net loss of $13.6 million, resulting in a basic and diluted loss per share of $0.17, an improvement from a loss of $0.59 per share in 2024 [4]. - The company ended 2025 with a cash balance of approximately $20 million, down from $29.3 million in 2024, and had undrawn funds of $40 million from Taurus Mining Finance [4][3]. - Lifezone raised $75 million in capital during the second half of 2025, including $60 million from Taurus Mining Finance and $15 million in equity from U.S. investors [2][4]. Project Development - Lifezone completed a Feasibility Study for the Kabanga Nickel Project, which demonstrated strong economics with an after-tax net present value of $1.58 billion and an internal rate of return of 23.3% [8]. - The company acquired BHP's minority interest in the Kabanga Nickel Project without immediate cash outlay, consolidating 100% ownership of Kabanga Nickel Limited [5][3]. - The project is expected to have a life of mine of 18 years, with an estimated pre-production capital expenditure of $942 million and all-in sustaining costs averaging $3.36 per pound of payable nickel [8]. Strategic Initiatives - Lifezone is advancing its project finance efforts to ensure readiness for a Final Investment Decision (FID) in late 2026, with a focus on the Kabanga Nickel Project as a cornerstone of its long-term growth strategy [3][6]. - The company has also signed an exclusivity agreement with the Government of Burundi for the Musongati nickel laterite project, further expanding its footprint in the East African Nickel Belt [23]. Environmental and Social Responsibility - Lifezone completed cash compensation payments for 97% of project-affected households and conducted environmental and social impact assessments aligned with national and international standards [8]. - The company reported zero health, safety, environmental, or security incidents at the Kabanga site, with over 2.5 million hours worked without a lost time injury [8].

Core Viewpoint - Lifezone Metals Limited is set to release its Full Year 2025 financial results on March 19, 2026, and will host an investor webcast on the same day [1]. Company Overview - Lifezone Metals (NYSE: LZM) focuses on cleaner and more responsible metals production and recycling, utilizing its Hydromet Technology to achieve lower energy consumption, emissions, and costs compared to traditional smelting methods [2]. Project Highlights - The Kabanga Nickel Project in Tanzania is recognized as one of the largest and highest-grade nickel sulfide deposits globally, aimed at supplying nickel, copper, and cobalt for the battery metals market while promoting in-country beneficiation [3]. - Lifezone is also applying its Hydromet Technology in a U.S.-based recycling partnership to recover platinum, palladium, and rhodium from spent automotive catalytic converters, contributing to a circular economy for precious metals [4]. Financial Activities - Lifezone Metals recently closed a $15 million underwritten registered direct offering, with proceeds intended for exploration and staffing at the Kabanga Nickel Project, as well as general corporate purposes [16].

Lifezone Metals Overview - Lifezone Metals partners with BHP to develop the Kabanga Nickel Project in Tanzania, one of the largest and highest-grade undeveloped nickel sulfide deposits[17] - The company partners with Glencore to recycle platinum, palladium, and rhodium in the United States, enabling a circular economy for precious metals[18] - Lifezone Metals' Hydromet Technology offers a more sustainable, efficient, and cost-effective approach to metal refining and recycling compared to smelting and refining[23] - The company is supported by industry-leading partners, investors, and governments, including Cinctive, BlackRock, GMO, US DFC, Japan's JOGMEC, and the Government of Tanzania[19] Kabanga Nickel Project - BHP has invested $100 million to-date into Lifezone and Kabanga[52] - Tanzania is a 16% owner of the Kabanga Nickel Project and Kahama Hydromet Refinery[37] - The Kabanga Nickel Project has more than 620 kilometers of drilling completed[37] - Lifezone Metals attributable Mineral Resources at North Zone are 24.7 million tonnes Measured and Indicated grading 3.19% nickel-equivalent and 5.8 million tonnes Inferred grading 3.25% nickel-equivalent[111] - Overall Mineral Resource is 46.8 million tonnes Measured + Indicated grading 2.09% nickel, 0.29% copper and 0.16% cobalt and 11.3 million tonnes Inferred grading 2.08% nickel, 0.28% copper and 0.15% cobalt[113] Financials - As of January 14, 2025, the Market Capitalization (basic) is $524.8 million, with $63.5 million in Cash (as of June 30, 2024) and $50.4 million in Conv Debt & Embedded Derivatives (as of June 30, 2024), resulting in an Enterprise Value of $511.7 million[84]

As filed with the Securities and Exchange Commission on September 25, 2023. Registration No. 333-272865 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________ Amendment No. 3 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ________________________ Lifezone Metals Limited LJ Fiduciary Commerce House, 1 Bowring Road, Ramsey, Isle of Man, IM8 2LQ Telephone: +44 (0)1624 811 611 (Name, address, including zip code, and telephone number, including area ...

As filed with the Securities and Exchange Commission on August 22, 2023. Registration No. 333-272865 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________ Amendment No. 2 to FORM F-1 ________________________ Lifezone Metals Limited (Exact name of registrant as specified in its charter) ________________________ | Isle of Man | 1000 | Not applicable | | --- | --- | --- | | (State or other jurisdiction of | (Primary Standard Industrial | (I.R.S. Employer | | incorpora ...

As filed with the Securities and Exchange Commission on July 10, 2023. Registration No. 333-272865 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________ Amendment No. 1 to FORM F-1 REGISTRATION STATEMENT Chris Showalter Commerce House, 1 Bowring Road, Ramsey, Isle of Man, IM8 2LQ Telephone: +44 (0)1624 811 611 (Name, address, including zip code, and telephone number, including area code, of agent for service) ________________________ Copies of all correspondence to ...