Lifezone Metals Limited (NYSE: LZM) announced the closing of a share purchase agreement with institutional investors for the sale of 5,700,000 ordinary shares at $4.40 per share, generating approximately $25 million in gross proceeds. The company said net proceeds will be used for exploration activities in Burundi and Tanzania, its PGM recycling project, hydromet research and development and general corporate purposes, and noted that Roth Capital Partners served as the sole placement agent for the transaction.
To view the full press release, visit https://ibn.fm/TTYVa
About Lifezone Metals
Lifezone Metals (NYSE: LZM) is committed to delivering cleaner and more responsible metals production and recycling. Through the application of our Hydromet Technology, the Company offers the potential for lower energy consumption, lower emissions and lower cost metals production compared to traditional smelting.
The Company’s Kabanga Nickel Project in Tanzania is believed to be one of the world’s largest and highest-grade development-ready nickel sulfide deposits. By pairing it with the Company’s Hydromet Technology, Lifezone is working to unlock a new source of nickel, copper and cobalt for the global battery metals markets and to empower Tanzania to achieve in-country beneficiation.
Through the Company’s US-based recycling partnership, Lifezone is working towards applying its Hydromet Technology to the recovery of platinum, palladium and rhodium from responsibly sourced spent automotive catalytic converters. The Company’s process is expected to be cleaner and more efficient than conventional smelting and refining methods, supporting a circular economy for precious metals.
For more information visit, https://lifezonemetals.com/
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