Lifezone Metals (LZM) AI Stock Analysis

• Market Cap: $325.91M
• Dividend Yield: N/A
• Average Volume (3M): 187.21K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.31
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 142
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): 0.03
• Shares Outstanding: 79,295,690
• 10 Day Avg. Volume: 195,686
• 30 Day Avg. Volume: 187,212
• PEG Ratio: 0.13
• Price to Book (P/B): 6.08
• Price to Sales (P/S): 3871.38
• P/FCF Ratio: -8.13
• Enterprise Value/Market Cap: 1.19
• Enterprise Value/Revenue: 930.48
• Enterprise Value/Gross Profit: -1.67K
• Enterprise Value/Ebitda: -10.42
• 1Y Price Target: $7.50
• Price Target Upside: 103.80% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 38 Underperform
• Price Target: $3.50 ▼(-4.89% Downside)

Lifezone Metals is facing significant financial and operational challenges, as evidenced by its negative financial performance and bearish technical indicators. The lack of profitability and negative cash flows are major concerns, compounded by a negative P/E ratio and no dividend yield. These factors collectively result in a low overall stock score.

Positive Factors

Strategic Project Advancement

The secured loan for the Kabanga Nickel Project supports infrastructure development, enhancing Lifezone's strategic positioning in the nickel market, crucial for EV and renewable sectors.

Market Position in Nickel

By consolidating control over Kabanga Nickel, Lifezone strengthens its market position in the nickel sector, crucial for battery technology and EV growth.

Cost Management

Effective cost management through reduced administrative expenses enhances financial discipline, supporting long-term profitability and operational efficiency.

Negative Factors

Negative Cash Flow

Persistent negative cash flow indicates ongoing liquidity challenges, potentially limiting Lifezone's ability to fund operations and growth sustainably.

Profitability Challenges

Negative net income and EBIT margins highlight profitability issues, which can hinder Lifezone's ability to reinvest in growth and innovation.

Revenue Volatility

Revenue volatility poses risks to financial stability and planning, potentially impacting Lifezone's ability to maintain consistent growth and market confidence.

Lifezone Metals Business Overview & Revenue Model

Company Description

Lifezone Metals Limited operates as a metals company in the battery metals supply chain of extraction, processing, and recycling. It supplies low-carbon and sulphur dioxide emission metals to the battery and EV markets. The company's products include nickel, copper, and cobalt. Its flagship project is the Kabanga nickel project in North-West Tanzania. The company is based in Ramsey, Isle of Man.

How the Company Makes Money

Lifezone Metals generates revenue primarily through the extraction and processing of nickel and other minerals. The company's revenue model is built on selling these materials to manufacturers in the electric vehicle and renewable energy sectors, which are experiencing significant growth due to the global shift towards sustainable energy solutions. Key revenue streams include the sale of processed nickel products, potential royalties from mining operations, and partnerships with companies in the battery supply chain. Strategic collaborations with leading industry players enhance LZM's market presence and provide additional avenues for income, allowing the company to capitalize on the increasing demand for sustainable mineral resources.

Lifezone Metals Financial Statement Overview

Summary

Lifezone Metals faces significant financial challenges, with persistent losses and negative cash flows. While the balance sheet shows moderate leverage, the company's inability to generate positive operating cash flow and net income underscores the need for strategic financial improvements.

Income Statement

The company has experienced significant revenue volatility, with a sharp decline in revenue from 2023 to 2024. Gross profit margin remains positive, but the company is struggling with negative net income and EBIT margins, indicating persistent profitability challenges.

Balance Sheet

The company has a modest debt-to-equity ratio, suggesting manageable leverage. However, the return on equity is negative due to consecutive net losses, raising concerns about shareholder returns. The equity ratio indicates a strong equity base relative to total assets.

Cash Flow

Cash flow from operations remains negative, and free cash flow is significantly negative, highlighting ongoing liquidity issues. The company relies heavily on financing activities to support operations, which may not be sustainable in the long term.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	416.32K	140.52K	1.48M	2.93M	2.09M	1.06M
Gross Profit	-231.78K	53.65K	723.85K	1.46M	1.65M	1.06M
EBITDA	-37.16M	-37.89M	-287.89M	-25.16M	-17.87M	57.82K
Net Income	-32.90M	-46.31M	-363.87M	-23.58M	-18.00M	8.91K
Balance Sheet
Total Assets	148.56M	156.65M	142.26M	96.98M	61.89M	1.76M
Cash, Cash Equivalents and Short-Term Investments	12.51M	29.28M	49.39M	20.54M	45.62M	600.09K
Total Debt	31.37M	27.65M	1.79M	695.88K	0.00	0.00
Total Liabilities	45.97M	57.33M	13.95M	20.99M	8.03M	240.10K
Stockholders Equity	93.16M	89.54M	44.65M	-8.47M	54.04M	1.52M
Cash Flow
Free Cash Flow	-47.27M	-66.89M	-78.85M	-23.21M	-1.22M	-409.23K
Operating Cash Flow	-14.27M	-15.89M	-26.98M	-17.04M	-1.22M	-260.64K
Investing Cash Flow	-36.15M	-52.66M	-59.95M	-7.96M	-281.52M	230.32K
Financing Cash Flow	-1.10M	48.42M	115.74M	-80.93K	283.22M	0.00

Lifezone Metals Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.68
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LZM, the sentiment is Negative. The current price of 3.68 is below the 20-day moving average (MA) of 3.91, below the 50-day MA of 4.86, and below the 200-day MA of 4.41, indicating a bearish trend. The MACD of -0.31 indicates Negative momentum. The RSI at 34.06 is Neutral, neither overbought nor oversold. The STOCH value of 47.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LZM.

Lifezone Metals Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ABAT	50 Neutral	$439.30M	―	-58.41%	―	821.40%	44.70%
IONR	40 Underperform	$298.88M	-27.58	-4.25%	―	―	-10.45%
LZM	38 Underperform	$325.91M	-0.87	―	―	―	―
WWR	36 Underperform	$100.30M	―	-14.20%	―	―	-80.01%

Lifezone Metals Corporate Events

Lifezone Metals Announces $15 Million Public Offering to Boost Kabanga Nickel Project

On November 10, 2025, Lifezone Metals announced the pricing of its underwritten public offering, involving 4,411,764 ordinary shares and warrants, expected to raise approximately $15 million. The proceeds will support the Kabanga Nickel Project and other corporate purposes. The offering, managed by BTIG and Red Cloud Securities, is set to close around November 12, 2025, and includes participation from existing investors. This move is expected to bolster Lifezone’s exploration and staffing efforts, enhancing its market position in the global battery metals sector.

Lifezone Metals Secures $60 Million Loan to Propel Kabanga Nickel Project

Lifezone Metals Limited announced on September 2, 2025, that its subsidiary, Kabanga Nickel Limited, has closed a $60 million bridge loan facility agreement with Taurus Mining Finance to advance the Kabanga Nickel Project in Tanzania. The initial drawdown of $20 million will fund early works and infrastructure development, supporting the acceleration of the project finance process following favorable feasibility study results released on July 18, 2025. Lifezone is also engaged in discussions with potential investors for long-term partnerships and equity investments, with several non-binding offers received. The strategic investment process is ongoing, with no obligation to proceed with any transaction.