Lifezone Metals (LZM)
Develops Kabanga nickel and Hydromet processing for battery-metals production and recycling.
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Develops the Kabanga Nickel Project in Tanzania and a Hydromet platform for processing and recycling metals. Current revenue comes from Simulus laboratory and engineering services, while Metals Extraction remains pre-production and tied to project funding, permits, and Tanzania partnership mechanics.
Develops battery-metals projects and process technology through Metals Extraction, Intellectual Property, and Corporate segments. Kabanga in north-west Tanzania is planned as a mine-to-metal operation producing battery-grade nickel, copper, and cobalt for international markets.
The Intellectual Property segment holds Hydromet patents, the Simulus hydrometallurgy laboratory in Perth, refinery work with Sedibelo and the Industrial Development Corporation, and a Glencore-linked U.S. platinum-group-metals recycling agreement. Simulus provides the current laboratory and engineering-services revenue.
Execution centers on moving Kabanga from feasibility and licensing toward production while proving Hydromet in adjacent recycling and refinery settings. Metals Extraction has not generated revenue, and the business depends on project financing, permit progress, execution readiness, and Tanzania-government partnership mechanics.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Nov 12, 2025 | BTIG | Reiterate | Rating: —Target: $11 | Target: $7 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $37.3M · Total debt $84.8M · Total assets $208.6M · Shareholders' equity $94.5M
- Revenue
- $1.7M
- Operating income
- −$9.6M
- Net income
- −$6.9M
No dividends on record.
| Institutions | 27.69% | 23.68M ADS | |
|---|---|---|---|
| 96 holders · as of Jun 30, 2026 | |||
| Insiders | 69.70% | 59.60M ADS | |
| 8 holders · as of Sep 14, 2026 | |||
| Other | 2.61% | 2.23M ADS | |
| remainder | |||
85.51M ADS as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
CUSIP No. G5568L109Insider | 27.72% | 23.70M | filed Jul 18, 2023 |
Keith Stuart Liddell1Insiderdirector | 21.10% | 18.05M ordinary | filed Mar 18, 2026 |
Peter Thomas SmedvigInsider | 16.16% | 13.82M | filed Mar 21, 2024 |
Cinctive Capital Management LPInstitution | 9.79% | 8.38M ADS | as of Jun 30, 2026 |
Adage Capital Management, L.P.Institution | 5.94% | 5.08M | filed Feb 12, 2026 |
- Keith Stuart Liddell reports a block also reported by Adage Capital Management, L.P.; it is counted once, under Adage Capital Management, L.P.
Insider tradesForm 4
No open-market trades in the last 12 months.
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Lifezone Metals | $3.95 | +0.38% | $353.4M | — | — | 147.3 | +422.4% |
| Centene | $64.11 | −1.35% | $32.10B | — | 14.2 | 0.2 | +9.9% |
| Nicolet Bankshares | $165.46 | −0.19% | $2.86B | 18.4 | 12.8 | 5.5 | +227.9% |
| First Trust US Equity Opportunities ETF | $182.58 | +0.88% | $1.70B | — | — | — | — |
| Vale (ADR) | $14.01 | −0.99% | $60.34B | 29.5 | 7.7 | 1.5 | +19.2% |
| Sibanye Stillwater (ADR) | $11.19 | +0.49% | $7.88B | 8.7 | — | 0.8 | +80.5% |
| Median | 18.4 | 12.8 | 1.1 | +49.9% |