Lifezone Metals Announces Publication of Inaugural Annual Report

Rhea-AI Summary

Lifezone Metals (NYSE: LZM) releases its 2023 Annual Report and Q4 financial results, showcasing achievements in cleaner metals production. Shareholders can access the full report on the investor relations website.

Insights

Financial Analyst

Lifezone Metals Limited's recent filing of its full-year and Q4 2023 financial results is a pivotal event for investors and market analysts. The filing on Form 20-F, a comprehensive format required by the SEC for foreign issuers in the US, provides a transparent view into the company's financial health and operational performance. The audited financial statements within are essential for assessing the company's profitability, cash flow and revenue growth, which are key indicators of its market position and investment potential.

Investors will particularly scrutinize the year-over-year growth in revenue and earnings before interest, taxes, depreciation and amortization (EBITDA), as these figures can signal the company's operational efficiency and control over costs. Additionally, cash reserves and debt levels disclosed in the report will inform on the company's financial stability and its ability to fund future expansions or weather economic downturns. Any significant deviations from industry norms in these areas could affect the company's stock price.

Market Research Analyst

Lifezone Metals Limited's focus on cleaner and more responsible metals production and recycling, as highlighted in their Annual Report, taps into the growing global demand for sustainable practices in the mining sector. This strategic positioning could potentially open up new markets and customer segments for the company, especially as environmental regulations tighten and consumer preferences shift towards more eco-friendly products.

However, the actual impact on market share and competitive advantage will depend on how effectively Lifezone can implement these strategies and communicate their benefits to stakeholders. Investors should consider the company's research and development investments and any partnerships or certifications that could enhance its credibility in sustainable practices.

Environmental, Social and Governance (ESG) Analyst

The emphasis on cleaner production and recycling in Lifezone's report addresses the ESG criteria that are increasingly influencing investment decisions. Responsible metal production is linked to reduced environmental impact and better social outcomes, which aligns with the priorities of socially conscious investors and can lead to a more favorable public image.

Long-term, companies that lead in ESG practices may benefit from regulatory incentives and higher customer loyalty. However, the challenge lies in balancing these initiatives with the financial costs involved. Investors will need to evaluate whether Lifezone's ESG efforts are translating into tangible financial benefits and if they are sustainable over the long haul without compromising profitability.

Full-Year and Q4 2023 Financial Results Filed on Form 20-F with SEC on EDGAR

NEW YORK--(BUSINESS WIRE)-- Lifezone Metals Limited (NYSE: LZM) is pleased to announce the publication of its inaugural Annual Report for 2023, marking a significant milestone for Lifezone as a public company. The Annual Report highlights Lifezone’s achievements in the past year and can be accessed here. In conjunction with the Annual Report, Lifezone’s full-year and Q4 2023 financial results have been filed on Form 20-F with the United States Securities and Exchange Commission (“SEC”) available on EDGAR.

The Annual Report and Form 20-F are available on Lifezone’s investor relations website. Shareholders and interested parties are encouraged to review these documents to gain insights into the Company’s vision to provide cleaner and more responsible metals production and recycling. A hard copy of the complete audited financial statements is available free of charge and upon request.

If you would like to sign up for Lifezone Metals news alerts, please register here.

About Lifezone Metals

At Lifezone Metals (NYSE: LZM), our mission is to provide cleaner and more responsible metals production and recycling. Using a scalable platform underpinned by our Hydromet Technology, we offer lower energy, lower emission 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 undeveloped nickel sulfide deposits. By pairing with our Hydromet Technology, we are working to unlock a new source of LME-grade nickel, copper and cobalt for the global battery metals markets, and empower Tanzania to achieve full in-country value creation and become the next premier source of Class 1 nickel. A Definitive Feasibility Study for the project is due for completion in Q3 2024.

Through our US-based, platinum, palladium and rhodium recycling joint venture, we are working to demonstrate that our Hydromet Technology can process and recover platinum group metals from responsibly sourced spent automotive catalytic converters in a cleaner and more efficient way than conventional smelting and refining methods.

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, and prospects, both business and financial, of Lifezone Metals Limited and its subsidiaries and/or affiliates.

Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook” 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 Project, 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 the economic and operational disruptions; global inflation and cost increases for materials and services; reliability of sampling; success of any pilot work; 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 the 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 relating to our business, operations and financial performance, including: expectations with respect to financial and business performance, financial projections and business metrics and any underlying assumptions; expectations regarding product and technology development and pipeline; the effects of competition on Lifezone Metals’ business; the ability of Lifezone Metals to execute its growth strategy, 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; the ability of Lifezone Metals to maintain the listing of its securities on a U.S. national securities exchange; our ability to comply with applicable laws and regulations; stay abreast of 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).

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. However, while Lifezone Metals may elect to update these forward-looking statements in the future, Lifezone Metals specifically disclaims any obligation to do so.

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. Accordingly, undue reliance should not be placed upon the forward-looking statements. Nothing herein should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results in such forward-looking statements will be achieved. 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, except as required by applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240401447148/en/

Investor Relations – North America

Evan Young

SVP: Investor Relations & Capital Markets

evan.young@lifezonemetals.com

Investor Relations – Europe

Ingo Hofmaier

Chief Financial Officer

ingo.hofmaier@lifezonemetals.com

Media Enquiries

David Petrie

Manager: Corporate Communications

david.petrie@lifezonemetals.com

Source: Lifezone Metals Limited

FAQ

What financial results have Lifezone Metals (LZM) filed for Q4 2023?

Lifezone Metals has filed its full-year and Q4 2023 financial results on Form 20-F with the SEC.

Where can shareholders access Lifezone Metals' Annual Report for 2023?

Shareholders can access Lifezone Metals' Annual Report for 2023 on the investor relations website.

What is the ticker symbol for Lifezone Metals ?

The ticker symbol for Lifezone Metals is LZM.

How can interested parties sign up for Lifezone Metals news alerts?

Interested parties can sign up for Lifezone Metals news alerts by registering on the provided link.