Lifezone Metals Ltd (LZM)
Lifezone Metals Limited (LZM) is a company specializing in the comprehensive lifecycle of battery metals, from their initial extraction and processing to their eventual recycling. The firm delivers environmentally responsible metals, noted for their low carbon and sulfur dioxide emissions, to the burgeoning electric vehicle (EV) and battery manufacturing industries. Its primary metal offerings include nickel, copper, and cobalt. Central to its operations is the Kabanga nickel project, located in North-West Tanzania. The company's corporate headquarters are situated in Ramsey, Isle of Man.
Sector: Metal Mining
Industry: Other Precious Metals
Lifezone Metals Limited
NYSE:LZMBasic Materials · Industrial Materials
+13.03%$3.47
AH Close$3.42-1.44%vs close
AH Close$3.42-1.44%vs close
Mkt Cap$312M
Float38.22M
O/S89.91M
Inst Own26.2%
SI9.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$1.06M
Net Income-$13.63M
Total Assets$175.75M
Free Cash Flow-$16.94M
Debt & Equity
Debt 44%
Equity 56%
Total Debt$58.41M
Total Equity$73.83M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in LZM's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$175.75M
Liabilities$102.92M
Accounts Receivable$1.1M
Accounts Payable$1.9M
Inventory$58K
PP&E (Net)$6.44M
Goodwill$0
Intangible Assets$875K
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Revenue | $1.06M | $141K | $1.48M | $2.93M | $2.09M | $1.06M |
| YoY Growth | 652.2% | -90.5% | -49.5% | 39.9% | 96.9% | - |
| Cost of Revenue | $2.02M | $87K | $754K | $1.46M | $443K | $0 |
| Gross Profit | -$967K | $54K | $724K | $1.46M | $1.65M | $1.06M |
| Gross Margin | -91.5% | 38.2% | 49.0% | 50.0% | 78.8% | 100.0% |
| Research and Development | $127K | $158K | $91K | $0 | $0 | $0 |
| Selling, General, and Administrative | $17.04M | $32.3M | $283.56M | $24.87M | $19.38M | $961K |
| Other | $100K | $15.87M | $82.25M | $2.28M | $298K | $102K |
| Total Operating Expenses | $17.27M | $48.33M | $365.9M | $27.15M | $19.68M | $1.06M |
| Operating Income (EBIT) | -$18.23M | -$48.27M | -$365.17M | -$25.69M | -$18.03M | -$495 |
| Operating Margin | -1724.9% | -34353.8% | -24710.3% | -877.5% | -861.6% | -0.0% |
| Interest Expense | $10.4M | $6.43M | $212K | $266K | $0 | $4K |
| Interest Income | $536K | $2.34M | $567K | $224K | $4K | $9K |
| Other Income (Expense) | $3.86M | $1.68M | $511K | $194K | -$150K | $9K |
| Income Before Tax (EBT) | -$14.37M | -$46.6M | -$364.66M | -$25.49M | -$18.18M | $9K |
| Income Tax Expense | -$263K | $540K | $0 | $0 | $0 | $0 |
| Net Income | -$13.63M | -$46.31M | -$363.87M | -$23.58M | -$18M | $9K |
| Net Income Margin | -1289.2% | -32952.3% | -24622.3% | -805.6% | -860.3% | 0.8% |
| Supplementary Data | ||||||
| EPS | -0.17 | -0.59 | -5.52 | -0.66 | -0.32 | 0.00 |
| Diluted EPS | -0.17 | -0.59 | -5.52 | -0.66 | -0.32 | 0.00 |
| Weighted Average OS | 79.86M | 78.28M | 65.89M | 35.84M | 35.84M | 35.84M |
| EBITDA | -$16.74M | -$37.46M | -$287.45M | -$25.04M | -$17.87M | $58K |
| EBITDA Margin | -1584.0% | -26655.0% | -19451.2% | -855.4% | -854.2% | 5.4% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $20.14M | $29.28M | $49.39M | $20.54M | $45.62M | $600K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $20.14M | $29.28M | $49.39M | $20.54M | $45.62M | $600K |
| Accounts Receivable | $1.1M | $933K | $2.72M | $6.01M | $1.07M | $367K |
| Inventory | $58K | $162K | $101K | $50K | $0 | $0 |
| Other Current Assets | $496K | $0 | $0 | $48.6M | $0 | $263K |
| Total Current Assets | $22.23M | $31.66M | $54.82M | $76.59M | $47.56M | $1.23M |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $6.44M | $6.53M | $77.5M | $19.69M | $13.75M | $0 |
| Goodwill | $0 | $0 | $9.02M | $0 | $0 | $0 |
| Intangible Assets | $875K | $890K | $914K | $695K | $581K | $534K |
| Long-Term Investments | $0 | $0 | $0 | $285.65M | $281.52M | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | -$295.56M | $0 |
| Other Long-Term Assets | $146.2M | $117.58M | $0 | -$285.65M | $289K | $0 |
| Total Long-Term Assets | $153.52M | $124.99M | $87.44M | $20.39M | $581K | $534K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $175.75M | $156.65M | $142.26M | $96.98M | $61.89M | $1.76M |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $1.9M | $3M | $2.53M | $646K | $722K | $240K |
| Short-Term Debt | $34.52M | $26.24M | $0 | $300K | $0 | $0 |
| Current Income Tax Payable | $0 | $61K | $852K | $595K | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $19.88M | $24.2M | $4.55M | $2.2M | $79K | $0 |
| Total Current Liabilities | $59.08M | $56M | $12.76M | $16.71M | $2.35M | $240K |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $16.68M | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $304K | $529K | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $25.73M | $0 | $0 | $3.99M | $5.68M | $0 |
| Total Long-Term Liabilities | $43.84M | $1.33M | $1.19M | $4.28M | $9.66M | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $102.92M | $57.33M | $13.95M | $20.99M | $8.03M | $240K |
| Stockholders' Equity | ||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $8K | $8K | $8K | $3K | $2K | $2K |
| Retained Earnings | -$468.1M | -$454.47M | -$408.17M | -$44.29M | -$20.71M | -$764K |
| Comprehensive Income & Other | $351.71M | $67.72M | $274.12M | -$15.38M | $49.31M | $281K |
| Other Stockholders' Equity | $541.92M | $544M | $452.81M | $35.82M | $74.75M | $2.29M |
| Total Equity | $73.83M | $89.54M | $44.65M | -$8.47M | $54.04M | $1.52M |
| Minority Interest | -$999K | $9.79M | $83.66M | $84.45M | -$176K | $0 |
| Total Liabilities and Equity | $176.75M | $146.87M | $58.6M | $12.52M | $62.07M | $1.76M |
| Supplementary Data | ||||||
| Total Debt | $58.41M | $27.65M | $1.79M | $696K | $0 | $0 |
| Net Debt | $38.26M | -$1.63M | -$47.6M | -$19.84M | -$45.62M | -$600K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Operating Activities | ||||||
| Net Income | -$13.63M | -$47.14M | -$363.87M | -$25.38M | -$475K | $9K |
| Depreciation & Amortization | $1.49M | $1.57M | $1.04M | $318K | $88K | $52K |
| Deferred Income Tax | $0 | -$829K | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $17.82M | $265.56M | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||
| Accounts Receivable | -$822K | $1.57M | -$1.97M | -$2.6M | -$62K | -$165K |
| Inventory | $45K | -$61K | -$51K | -$50K | $0 | $0 |
| Accounts Payable | -$1.09M | -$2.03M | -$6.56M | $12.24M | $0 | $0 |
| Other Working Capital | -$37K | -$7K | -$1.08M | -$1.71M | -$743K | -$153K |
| Total Working Capital Change | -$1.9M | -$523K | -$9.66M | $7.89M | -$743K | -$318K |
| Other Non-Cash Items | -$2.86M | $13.21M | $79.96M | $134K | -$4K | -$3K |
| Net Cash from Operating | -$16.9M | -$15.89M | -$26.98M | -$17.04M | -$1.22M | -$261K |
| Investing Activities | ||||||
| Capital Expenditures | -$21.99M | -$49.95M | -$52.05M | -$6.17M | -$204K | -$149K |
| Acquisitions | $0 | -$4M | -$8.07M | -$2.01M | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | -$281.52M | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $1.29M | $178K | $214K | $0 | $379K |
| Net Cash from Investing | -$21.99M | -$52.66M | -$59.95M | -$7.96M | -$281.52M | $230K |
| Financing Activities | ||||||
| Debt Repaid | - | -$48.72M | $338K | $81K | - | - |
| Common Stock Issuance | $11.2M | $76 | -$4.7M | $0 | $283.22M | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$1.29M | -$296K | $120.78M | $0 | $0 | $0 |
| Net Cash from Financing | $29.65M | $48.42M | $115.74M | -$81K | $283.22M | $0 |
| Forex Effect | $96K | $24K | $40K | -$8K | $0 | $0 |
| Net Change in Cash | -$9.14M | -$20.11M | $28.86M | -$25.09M | $11.04M | -$30K |
| Supplementary Data | ||||||
| Operating Cash Flow | -$16.9M | -$15.89M | -$26.98M | -$17.04M | -$1.22M | -$261K |
| Capital Expenditure | -$37K | -$51M | -$52.05M | -$6.17M | -$204K | -$149K |
| Free Cash Flow | -$16.94M | -$66.89M | -$78.85M | -$23.21M | -$1.22M | -$409K |
| Cash at Beginning | $29.28M | $49.39M | $20.54M | $45.62M | $600K | $630K |
| Cash at End | $20.14M | $29.28M | $49.39M | $20.54M | $11.64M | $600K |