Lifezone Metals
Primary ticker: NYSE:LZM
Stage of development: Development
Primary minerals: Nickel, Copper, Cobalt
Project to promote: Kabanga Nickel
Project location: Tanzania
Website: lifezonemetals.com
Lifezone Metals is a modern metals company on a mission is to provide cleaner and more responsible metals production and recycling.
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 by 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.
Cash: USD$99.4M
Debt: USD$50M
Major shareholders:
Keith Liddell – 30%
Peter Smedvig – 17%
Varna Holdings – 7%
Kamberg Investments – 5%
Hermetica – 5%
Management ownership: 43%
Financials
Management Profile
Ingo Hofmaier – Chief Financial Officer
Ingo Hofmaier brings vast corporate finance, financial and risk management experience in global commodity markets across a diverse range of geographies, including Africa and the Americas, to his role as Chief Financial Officer.
Specifically, as a market-facing finance executive, he has over 20 years of experience in capital markets, financial reporting, tax, commercial contracts, project & corporate finance, and M&A and investment banking. Ingo joined Lifezone Metals from Omico Mining Corp., a Namibian copper exploration and development company, where he was CEO.
Prior to his time at Omico Mining Corp., he spent three years with SolGold plc, an LSE and TSX-listed copper and gold developer, where he was CFO. Ingo is also an independent board member of First Tin plc, an LSE main market-listed tin development company, where he chairs both the audit & risk and nominations & remuneration committees. His experience also includes seven years as a partner at Hannam & Partners, a London based merchant bank, where he was a partner responsible for metals & mining corporate finance, as well as at Rio Tinto, Capgemini and Wienerberger AG, a building material and industrial minerals group, where he was financial controller for the US business and commercial director during the successful project execution and market entry in India, among other roles.
What is your rationale for taking part in 121 Mining Investment?
We are in a phase of engaging with a wide array of investors post our formal listing in July 2023. We have and continue to have news flow to support investor engagement.
What recent news would you like to highlight to investors attending?
https://ir.lifezonemetals.com/news/press-releases/news-details/2024/Lifezone-Metals-Closes-Private-Placement-of-US50-Million-of-Unsecured-Convertible-Debentures/default.aspx
https://ir.lifezonemetals.com/news/press-releases/news-details/2024/Lifezone-Metals-Announces-Receipt-of-Licence-from-Government-of-Tanzania-for-the-Kabanga-Nickel-Project-Multi-Metal-Processing-Facility-at-Kahama/default.aspx
https://ir.lifezonemetals.com/news/press-releases/news-details/2024/Lifezone-Metals-Announces-Two-Phased-Development-Plan-for-the-Kabanga-Nickel-Project-in-Tanzania/default.aspx
https://ir.lifezonemetals.com/news/press-releases/news-details/2024/Lifezone-Metals-Announces-Discovery-of-Additional-High-Grade-Nickel-Mineralization-at-Safari-Link-Area-at-its-Kabanga-Nickel-Project-in-Tanzania/default.aspx
https://ir.lifezonemetals.com/news/press-releases/news-details/2024/Lifezone-Metals-Announces-Completion-of-Funding-for–Phase-1-Platinum-Palladium-and-Rhodium-Recycling–Joint-Venture-with-Glencore/default.aspx
https://ir.lifezonemetals.com/news/press-releases/news-details/2023/-Lifezone-Metals-Announces-Significant-Mineral-Resource-Update-for-its-Kabanga-Nickel-Project-in-Tanzania/default.aspx
https://lifezonemetals.com/lifezone-metals-completes-acquisition-of-hydromet-lab-and-engineering-firm-simulus-group/
https://ir.lifezonemetals.com/news/press-releases/news-details/2023/United-States-Vice-President-Kamala-Harris-visits-Tanzania-to-endorse-key-partnerships-aiming-to-deliver-U.S.-and-global-cleaner-metal-supply/default.aspx
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Continue to advance our Kabanga Nickel DFS and PGM Recycling Project with Glencore
6 Months:
Complete Kabanga DFS, on track for completion in Q3-2024 end, and Phase 1 of PGM Recycling Project with Glencore
12 Months:
Advance both projects, including securing BHP Kabanga Nickel Tranche 2 investment, and advancing Phase 2 of PGM Recycling Project with Glencore
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Supply pressure
What do you think makes your company such a compelling investment?
By pairing the Kabanga Project in Tanzania, which we believe is one of the largest and highest-grade undeveloped nickel sulphide deposits in the world, with our proprietary Hydromet Technology, we will work to unlock the value of a key new source of supply to global battery metals markets
What are the top 3 key investor takeaways?
1) Hydromet Technology: an innovative method for metals extraction and recycling
2) Strategic partnership with BHP to develop the Kabanga Nickel Project in Tanzania — one of the world’s largest and highest grade undeveloped nickel sulfide deposits
3) Partnership with Glencore to recycle platinum, palladium and rhodium in the United States, enabling a circular economy for precious metals
4) Applications of Hydromet Technology to other opportunities and delivering clean metals for the battery and electric vehicle market
5) Backed by industry leading partners and investors