Lifezone Metals Announces Pricing Of $15M Underwritten Registered Direct Offering Of 4,411,764 Ordinary Shares And Accompanying Warrants To Purchase Up To An Aggregate Of 4,411,764 Ordinary Shares At A Combined Price Of $3.40

Author: Benzinga Newsdesk | November 10, 2025 09:25am

Lifezone Metals Limited (NYSE:LZM) announced today the pricing of its underwritten registered direct offering of 4,411,764 ordinary shares and accompanying warrants to purchase up to an aggregate of 4,411,764 ordinary shares at an offering price of $3.40 per ordinary and accompanying warrant to purchase one ordinary share. The warrants will have an exercise price of $4.00 per ordinary share and will be exercisable for a period of four years.

The gross proceeds from the offering are expected to be approximately $15 million, before deducting underwriting discounts and commissions and other estimated expenses payable. The net proceeds of this offering will be used for Kabanga Nickel Project exploration, project staffing and for other general corporate purposes.

All of the ordinary shares and warrants are being offered by Lifezone. The offering is expected to close on or about November 12, 2025, subject to the satisfaction of customary closing conditions.

The transaction included participation from existing investors, including Cinctive Capital Management LP.

BTIG is acting as the sole book-running manager for the offering. Red Cloud Securities is acting as co-manager for the offering.

Posted In: LZM