Lifezone Metals (LZM) Registration filing summary

Company overview and business model

• Focuses on cleaner, responsible metals production and recycling using proprietary Hydromet Technology, aiming for lower energy use, emissions, and costs versus traditional smelting.

• Flagship Kabanga Nickel Project in Tanzania is among the world's largest, high-grade, development-ready nickel sulfide deposits, with over $455 million invested and key licenses secured.

• U.S.-based recycling partnership targets recovery of platinum group metals from spent automotive catalytic converters, aiming to establish a fully integrated domestic critical minerals solution.

• Entered a 14-month exclusivity agreement in March 2026 to evaluate the Musongati Nickel Project in Burundi, aligning with a strategy to consolidate significant nickel resources in East Africa.

Financial performance and metrics

• As of June 30, 2026: $37.3 million in cash and cash equivalents, $105.2 million in total debt, and $93.4 million in total equity.

• 89,914,557 Ordinary Shares outstanding prior to the offering.

Use of proceeds and capital allocation

• No proceeds from the resale of shares by the selling securityholder; proceeds from warrant exercises, if any, will go to the company.

• Earnings are intended to be retained for business operations; no dividends anticipated in the foreseeable future.