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Lifezone Metals Limited

Lifezone Metals Limited

NYSE•LZM
CEO: Mr. Keith Stuart Liddell B.Sc., M.Sc.
Sector: Basic Materials
Industry: Industrial Materials
Listing Date: 2021-12-13
Lifezone Metals Limited engages in the extraction and refining of metals. It supplies lower-carbon and sulfur dioxide emission metals to the battery storage, EV, and hydrogen markets. The company's products include nickel, copper, and cobalt. Its flagship project is the Kabanga nickel project in North-West Tanzania. The company is based in Ramsey, Isle of Man.
Contact Information
Commerce House, 1 Bowring Road, Ramsey, IM8 2TF, Isle of Man
44-01624-811-611
lifezonemetals.com
Market Cap
$499.35M
P/E (TTM)
-6.4
16.3
Dividend Yield
--
52W High
$6.52
52W Low
$2.90
52W Range
85%
Rank53Top 76.1%
2.8
F-Score
Modified Piotroski Analysis
Based on 5-year fundamentals
Weak • 2.8 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2021-2025

Financial Dashboard

Q2 2025 Data

Revenue

$325.45K+555.49%
4-Quarter Trend

EPS

$0.03-169.65%
4-Quarter Trend

FCF

-$16.91M+103.67%
4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Kabanga Resource Estimates Tightened Lifezone attributable M+I Mineral Resources increased 7% to 46.8 Mt based on December 2024 estimates, improving resource confidence.
Secured Convertible Debenture Funding Closed $50.0M non-brokered convertible debenture placement in March 2024 to fund ongoing exploration and evaluation activities.
Key Project Milestones Reached Kahama Refinery secured Environmental Impact Assessment Certificate; new staging plan announced for 3.4 Mtpa underground mine.

Risk Factors

Significant Capital Funding Required Business requires substantial additional capital to fund Kabanga development; T2 Option investment contingent on Definitive Feasibility Study results.
Material Internal Control Weaknesses Material weaknesses in internal control over financial reporting led to restatements; disclosure controls deemed ineffective as of December 31, 2024.
Tanzania Withholding Tax Liability Court ruled against KNCL on withholding tax; potential additional liability up to $5.03M USD pending negotiation with Tanzanian Revenue Authority.

Outlook

Definitive Feasibility Study Expected Results for the Kabanga Nickel Project Definitive Feasibility Study are expected to be released in mid-year 2025 to guide next steps.
PGM Recycling Project Next Steps Phase 1 pilot testing underway; Phase 2 construction funding contingent on successful feasibility study completion in first half 2025.
Future Capital Expenditure Estimates Expect material increase in capital expenditures to support Tanzanian growth, pending Definitive Feasibility Study estimates for mine build-out.

Peer Comparison

Revenue (TTM)

Valhi, Inc.VHI
$2.06B
-0.7%
Algoma Steel Group Inc.ASTL
$1.59B
-10.7%
Rayonier Advanced Materials Inc.RYAM
$1.47B
-9.7%

Gross Margin (Latest Quarter)

EMX Royalty CorporationEMX
43.8%
+27.1pp
Osisko Development Corp.ODV
32.8%
-5.7pp
Valhi, Inc.VHI
12.0%
-9.8pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
WRN$763.77M-277.2-2.0%0.1%
RYAM$572.23M-1.4-79.8%45.8%
ODV$563.40M-2.9-47.0%12.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
98.9%
Strong Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention

Research & Insights

Next earnings:Apr 8, 2026
|
EPS:-
|
Revenue:-
Reports
All Years

  • Form 20-F - FY 2024

    Period End: Dec 31, 2024|Filed: Apr 9, 2025|
    Revenue: $140.52K-90.5%
    |
    EPS: $-0.59+89.3%
    Miss

  • Form 20-F - FY 2023

    Period End: Dec 31, 2023|Filed: Apr 1, 2024|
    Revenue: $1.48M-49.5%
    |
    EPS: $-5.52-736.4%
    Miss

  • Form 20-F - FY 2023

    Period End: Jul 6, 2023|Filed: Jul 11, 2023|Refer to amended data