LZM on NYSE

Lifezone Metals Ltd

Lifezone Metals Ltd is a metal mining company, listed on NYSE (LZM).1

Price unavailable

Last updated Oct 20, 2026.

Overview

$1.1MRevenue, fiscal 20252
-$14.1MNet income, fiscal 20252

Compare with USA Rare Earth, ZHEN DING RESOURCES INC. or Idaho Copper Corp, or pick any stock.

  • TickerLZM on NYSE1
  • IndustryMetal Mining1
  • HeadquartersY81
  • Incorporated inIsle of Man3
  • Business address2Nd Floor St George'S Court, Upper Church Street, Douglas, Y8 Im1 1Ee3
  • Filer categoryAccelerated filer, Emerging growth company3

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Discrepancies in any table between totals and sums of the amounts listed are due to rounding. Certain amounts and percentages have been rounded; consequently, certain figures may add up to be more or less than the total amount and certain percentages may add up to be more or less than 100% due to rounding.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

49.5%Gross margin2
-1742.2%Operating margin2
-1334.6%Net margin2
652.2%Revenue growth, 20252
-19.4%Return on equity2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Corporate brought in 73% of the revenue Lifezone Metals Ltd broke down this way in fiscal 2025.

  1. Corporate$4.7M273%down 32% from 2024
  2. Intellectual Property1$1.7M227%down 58% from 2024
Business segments by year
Business segments202320242025
Corporate$5.5M$6.9M$4.7M
Intellectual Property1$9.2M$4.2M$1.7M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue5¢$533.6K
  • Interest93¢$10.4M
  • Income tax2¢$263.5K

Out of $1.1M in revenue.2 The company lost money this year.

Financial statements

Revenue562$1.1M in 2025−49% since 2021
0$1.0M$2.0M$3.0M2021: $2.1M$2.1M20212022: $2.9M$2.9M2022+40%2023: $1.5M$1.5M2023−50%2024: $140.5K$140.5K2024−90%2025: $1.1M$1.1M2025+652%
Gross profit562$523.4K in 2025−75% since 2021
0$1.0M$2.0M$3.0M2021: $2.1M$2.1M20212022: $2.9M$2.9M2022+40%2023: $723.9K$723.9K2023−75%2024: $53.6K$53.6K2024−93%2025: $523.4K$523.4K2025+876%
Operating income562-$18.4M in 2025+2% since 2021
-$400.0M-$300.0M-$200.0M-$100.0M02021: -$18.0M-$18.0M20212022: -$25.7M-$25.7M2022+42%2023: -$365.2M-$365.2M2023+1322%2024: -$48.3M-$48.3M2024−87%2025: -$18.4M-$18.4M2025−62%
Net income562-$14.1M in 2025−22% since 2021
-$400.0M-$300.0M-$200.0M-$100.0M02021: -$18.2M-$18.2M20212022: -$25.5M-$25.5M2022+40%2023: -$364.7M-$364.7M2023+1330%2024: -$47.1M-$47.1M2024−87%2025: -$14.1M-$14.1M2025−70%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-12-312024-12-312023-12-31
Revenue$1.1M$140.5K$1.5M
Cost of sales-$533.6K-$86.9K-$753.9K
Gross profit$523.4K$53.6K$723.9K
Goodwill impairment$0-$9.0M$0
Gain (loss) on foreign exchange$182.2K-$225.3K$179.6K
General and administrative expenses-$19.1M-$39.1M-$366.1M
Operating loss-$18.4M-$48.3M-$365.2M
Interest income$536.2K$2.3M$567.2K
Fair value gains on embedded derivatives$15.6M$5.8M$0
Fair value loss on warrants-$1.0M$0$0
Gain (loss) on remeasurement of deferred consideration-$668.1K$0$156.0K
Interest expense-$10.4M-$6.4M-$212.0K
Loss before tax-$14.4M-$46.6M-$364.7M
Income tax$263.5K-$540.1K$0
Loss for the year-$14.1M-$47.1M-$364.7M
Exchange gain (loss) on translation of foreign operations$177.6K-$93.0K-$37.9K
Total other comprehensive gain (loss) income for the year$177.6K-$93.0K-$37.9K
Total comprehensive loss for the year-$13.9M-$47.2M-$364.7M
Attributable to ordinary shareholders of Lifezone-$13.6M-$46.3M-$363.9M
Attributable to non-controlling interests-$479.0K-$831.1K-$788.8K
Attributable to non-controlling interests-$14.1M-$47.1M-$364.7M
Attributable to ordinary shareholders of Lifezone-$13.5M-$46.4M-$363.9M
Attributable to non-controlling interests-$479.0K-$831.1K-$788.8K
Basic net loss per ordinary share (in dollars per share)-$0.17-$0.59-$5.34
Diluted net loss per ordinary share (in dollars per share)-$0.17-$0.59-$5.34

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Corporate structure

Lifezone Metals Ltd sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Lifezone Metals Ltd

  • Cinctive Capital Management LP Filed SCHEDULE 13G/A on Lifezone Metals Ltd, latest May 15, 2026 (3 filings since Aug 8, 2025)
  • Adage Capital Management, L.P. Filed SCHEDULE 13G on Lifezone Metals Ltd, latest Feb 12, 2026
  • Peter Smedvig Filed SC 13G on Lifezone Metals Ltd, latest Mar 21, 2024
  • Varna Holdings Ltd Filed SC 13G on Lifezone Metals Ltd, latest Oct 18, 2023
  • Kamberg Investments Ltd Filed SC 13G on Lifezone Metals Ltd, latest Aug 16, 2023
  • Keith Stuart Liddell Filed SC 13D on Lifezone Metals Ltd, latest Jul 18, 2023
  • Lifezone Metals Ltd Y8

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Lifezone Metals Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$4.3M2 Dec 31, 2025$5.3M2 Dec 31, 2024−18.4%
Operating-lease assets (leased space)$2.1M2 Dec 31, 2025$1.2M2 Dec 31, 2024+71.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$20.1M2 Dec 31, 2025$29.3M2 Dec 31, 2024−31.2%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$02 Dec 31, 2025$02 Dec 31, 2024
Intangible assets, net (excluding goodwill)$875.2K2 Dec 31, 2025$889.8K2 Dec 31, 2024−1.6%

Inventory

ItemLatestA year beforeChange
Inventory, total$58.0K2 Dec 31, 2025$162.0K2 Dec 31, 2024−64.2%
Raw materials$162.0K6 Dec 31, 2024$100.8K6 Dec 31, 2023+60.7%

Leadership

Who has led Lifezone Metals Ltd, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Christopher Michael Showalter2026–now

Chief financial officer

  1. Ingo Hofmaier2026–now
Board members and other officers (6)

Timeline

  1. Mar 17, 2026New chief executive Christopher Michael Showalter becomes CEO7

Filings

165 filings to the SEC since October 2021: 4 annual reports, 23 insider forms, 8 large holders, 130 other. The latest 20:

  1. Oct 7, 20266-K EDGAR
  2. Sep 14, 20264 EDGAR
  3. Sep 14, 20264 EDGAR
  4. Sep 11, 20264 EDGAR
  5. Sep 10, 20264 EDGAR
  6. Aug 6, 2026EFFECT EDGAR
  7. Aug 6, 2026424B3 PROSPECTUS EDGAR
  8. Jul 29, 20266-K EDGAR
  9. Jul 29, 2026F-3 REGISTRATION STATEMENT EDGAR
  10. Jul 28, 20266-K EDGAR
  11. Jul 9, 20266-K EDGAR
  12. Jun 29, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  13. May 15, 2026SCHEDULE 13G/A EDGAR
  14. May 12, 20264 EDGAR
  15. May 12, 20263 EDGAR
  16. May 12, 20264 EDGAR
  17. May 12, 20264 EDGAR
  18. May 12, 20264 EDGAR
  19. May 11, 20264 EDGAR
  20. May 11, 20264 EDGAR

The 165 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Lifezone Metals Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARLifezone Metals Ltd1
  • CIK0001958217
  • Filer statusAccelerated filer an emerging growth company; not a shell company4
  • Incorporated inIsle of Man4
  • Fiscal year endsDecember 311
  • Industry code (SIC)1000 Metal Mining1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address2Nd Floor St George'S Court, Upper Church Street, Douglas, Y8 IM1 1EE1
  • Phone44 (0)1624 850 5001
  • Shares outstanding85,509,305 shares as of Dec 31, 20254
  • AuditorBDO LLP, London, United Kingdom PCAOB ID 1295; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceJan 3, 20231
  • Filings165 in all: 6-K (40), 425 (21), 4 (14), 144 (11), 3 (9), CORRESP (8), EFFECT (7), UPLOAD (7)1
    All 31 form types

    424B3 (6), 20-F (4), 424B5 (3), F-1/A (3), F-3 (3), POS AM (3), SC 13G (3), SEC STAFF LETTER (3), DRSLTR (2), F-4/A (2), POS EX (2), SCHEDULE 13G (2), SCHEDULE 13G/A (2), 8-A12B (1), ARS (1), CERT (1), DRS (1), DRS/A (1), F-1 (1), F-3/A (1), F-4 (1), S-8 (1), SC 13D (1)

  • Latest filingsAnnual report (20-F) Mar 19, 2026

Securities registered for trading

ClassSymbolExchange
Ordinary Shares, par value $0.0001 per shareLZMNew York Stock Exchange
Warrants, each whole warrant exercisable for one Ordinary Share at an exercise price of $11.50LZMWNew York Stock Exchange

From the cover page of the 20-F filed Mar 19, 2026 (Section 12(b) of the Exchange Act).4

Sources

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