Lifezone Metals prices 5.7M shares at $4.40 in registered direct offering

Lifezone Metals (LZM) has entered into a share purchase agreement with fundamental institutional investors for the sale of 5,700,000 ordinary shares at a price of $4.40 per share. Gross proceeds to the Company are expected to be approximately $25M, excluding placement agent fees and offering-related expenses. The net proceeds of this offering will be used for exploration activities in Burundi and Tanzania, the PGM Recycling Project, conducting Hydromet research and development at Simulus Laboratory, and for other general corporate and working capital purposes, including financing costs. The offering is expected to close on or about April 23, 2026, subject to the satisfaction of customary closing conditions. Roth Capital Partners served as the sole placement agent for the transaction.