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

$374.52M

P/E (TTM)

-4.8

18.1

Dividend Yield

52W High

$6.23

52W Low

$2.90

52W Range

47%

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)

VHI

$2.06B

-0.7%

ASTL

$1.59B

-10.7%

RYAM

$1.47B

-10.1%

Gross Margin (Latest Quarter)

EMX

43.8%

+27.1pp

ODV

32.8%

-5.7pp

RYAM

8.9%

-1.2pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
RYAM	$729.69M	-1.7	-99.7%	44.3%
ODV	$652.67M	-3.3	-47.0%	12.0%
WRN	$616.27M	-221.9	-2.0%	0.1%

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

Cash Flow Needs Attention

Deep Research

Next earnings:Apr 8, 2026

EPS:-

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data