Lifezone Metals Announces $15 Million Public Offering to Boost Kabanga Nickel Project
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Lifezone Metals announced a $15 million public offering of 4,411,764 ordinary shares and warrants to support the Kabanga Nickel Project and other corporate purposes. The offering, managed by BTIG and Red Cloud Securities, is expected to close around November 12, 2025. Despite a recent Buy rating with a $7.00 price target, Lifezone faces significant financial challenges, including persistent losses and negative cash flows, leading to a low overall stock score. The company focuses on cleaner metal production and recycling, particularly in the Kabanga Nickel Project in Tanzania.
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