Lifezone Metals sees Q1 EPS (5c) vs. (10c) in 1Q23

Lifezone Metals CEO Chris Showalter stated: “In Q1, we made significant progress in advancing our Kabanga Nickel Project in Tanzania across various fronts and remaining on track to complete the Definitive Feasibility Study by the end of Q3 2024. This included advancements in areas such as concentrator and refinery design work and mine planning, and the evaluation of potential resource additions. During the period, the Government of Tanzania continued to demonstrate its steadfast support for Kabanga with the issuance of the Kahama Hydromet Refinery Licence and the declaration of the Special Economic Zone – two critical milestones for our Kabanga Nickel Project. We remain close with the Government of Tanzania, our local communities and BHP, our project partner, as we advance Kabanga. Beyond Kabanga, the closing of funding for Phase 1 of our PGM recycling partnership with Glencore during the quarter marked another significant achievement for Lifezone. This partnership enables us, in parallel with Kabanga, to demonstrate the versatility and benefits of our Hydromet Technology in yet another compelling, large and growing metals recycling market and focused here in the U.S. We look forward to concluding our pilot project in Q3 2024.”