New York (United States), Sept. 20, 2023 (GLOBE NEWSWIRE) -- Lifezone Metals
Limited ('Lifezone Metals' or the 'Company') (NYSE: LZM), a modern metals
company creating value across the battery metals supply chain from mine to
metals production and recycling, announced today that it has published the
Company's first half 2023 financial results in a Form 6-K and an accompanying
Shareholder Letter.
Highlights to-date in 2023, as expanded upon in detail in the Shareholder
Letter, include:

  * Lifezone Metals' public listing on the New York Stock Exchange (NYSE) as
    LZM, creating the first pure-play NYSE publicly traded nickel resource and
    cleaner technology company
  * Completion of a second investment by BHP of $50 million, enabling continued
    progress at the Kabanga Nickel ('Kabanga') project site in North-west
    Tanzania and on key study areas
  * Progress on Kabanga DFS and resource definition activities, building on
    years of studies and 621 kilometres of historical resource drilling, and
    further defining the Kabanga resource as the Company works towards an
    updated S-K 1300
  * Updated Kabanga metallurgical test work results, which indicate Kabanga

nickel concentrate is amenable to processing using Lifezone Metals' Hydromet Technology, and is integral to the Kabanga-Kahama nickel refinery flow sheet

  * Headway on Kabanga site operations, early works and site access, with
    simultaneous critical path activities including expanded camp and internal
    roads upgrades enabling drilling and land surveys
  * Key achievements in the areas of Kabanga external affairs, sustainability
    and permitting, with a comprehensive program in place comprised of an
    operating team of 100+ actively focused on community engagement,
    environment, Corporate Social Responsibility (CSR) and social performance
  * Acquisition of Simulus Laboratories, expanding capabilities for Lifezone
    Metals' growth strategy beyond Kabanga
  * Formal commencement of off-take marketing of Kabanga nickel cathode,
    creating an off-take monetization opportunity for the nickel, copper and
    cobalt production from Kabanga given the interest in these products from
    original equipment manufacturers

* Evolved Hydromet opportunities beyond Kabanga, entering into a Memorandum of Understanding (MoU) with a global platinum group metals (PGM) customer for a commercial scale PGM recycling facility
Keith Liddell, Founder & Chair of Lifezone Metals, said: 'We are excited to
share our first ever Shareholder Letter. As we are new to the public market, our
first instalment of this communication will both introduce Lifezone Metals to
those who are new to our story and present a detailed overview on what we
believe are the key accomplishments for our Company so far in 2023.'
The documents can be accessed via the links below:

  * Shareholder Letter (https://ir.lifezonemetals.com/Q2-2023-shareholder-
    letter)
  * Financials (https://ir.lifezonemetals.com/Q2-2023-financials)

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About Lifezone Metals
Lifezone Metals (NYSE: LZM) is a modern metals company creating value across
the battery metals supply chain from resource to metals production and
recycling. Our mission is to provide commercial access to proprietary technology
and cleaner metals production through a scalable platform underpinned by our
tailored Hydromet Technology. This technology has the potential to be a cleaner
and lower cost alternative to smelting, allowing us to responsibly and cost-
effectively provide cleaner metals.
By pairing the Kabanga Nickel project in Tanzania, which we believe is one of
the largest and highest-grade undeveloped nickel sulphide deposits in the world,
with our proprietary Hydromet Technology, we will work to unlock the value of a
key new source of supply to global battery metals markets. We have a long-
standing partnership with BHP on the Kabanga Nickel project, with BHP having
invested USD100 million, as we work to empower Tanzania to achieve full value
creation in-country and become the next premier source of nickel.
www.lifezonemetals.com (https://www.lifezonemetals.com)
Forward-Looking Statements
Certain statements made herein are not historical facts but may be considered
'forward-looking statements' within the meaning of Section 27A of the Securities
Act of 1933, as amended (the 'Securities Act'), Section 21E of the Securities
Exchange Act of 1934, as amended and the 'safe harbor' provisions under the
Private Securities Litigation Reform Act of 1995. Forward-looking statements
generally are accompanied by words such as 'believe,' 'may,' 'will,' 'estimate,'
'continue,' 'anticipate,' 'intend,' 'expect,' 'should,' 'would,' 'plan,'
'predict,' 'potential,' 'seem,' 'seek,' 'future,' 'outlook' or the negatives of
these terms or variations of them or similar terminology or expressions that
predict or indicate future events or trends or that are not statements of
historical matters. These forward-looking statements include, but are not
limited to, statements regarding future events, the business combination between
GoGreen Investments Corporation ('GoGreen') and Lifezone Holdings Limited
('LHL') that formed Lifezone Metals, the estimated or anticipated future results
of Lifezone Metals, future opportunities for Lifezone Metals, including the
efficacy of Lifezone Metals' hydromet technology ('Hydromet Technology') and the
development of, and processing of mineral resources at, the Kabanga Project, and
other statements that are not historical facts.
These statements are based on the current expectations of Lifezone Metals'
management and are not predictions of actual performance. These forward-looking
statements are provided for illustrative purposes only and are not intended to
serve as, and must not be relied on, by any investor as a guarantee, an
assurance, a prediction or a definitive statement of fact or probability. Actual
events and circumstances are difficult or impossible to predict and will differ
from assumptions. Many actual events and circumstances are beyond the control of
Lifezone Metals. These statements are subject to a number of risks and
uncertainties regarding Lifezone Metals' business, and actual results may differ
materially. These risks and uncertainties include, but are not limited to:
general economic, political and business conditions, including but not limited
to the economic and operational disruptions and other effects of the COVID-19
pandemic; the outcome of any legal proceedings that may be instituted against
the Lifezone Metals in connection with the business combination; failure to
realize the anticipated benefits of the business combination, including
difficulty in integrating the businesses of LHL and GoGreen; the risks related
to the rollout of Lifezone Metals' business, the efficacy of the Hydromet
Technology, and the timing of expected business milestones; Lifezone Metals'
development of, and processing of mineral resources at, the Kabanga Project; the
effects of competition on Lifezone Metals' business; the ability of Lifezone
Metals to execute its growth strategy, manage growth profitably and retain its
key employees; the ability of Lifezone Metals to maintain the listing of its
securities on a U.S. national securities exchange; costs related to the business
combination; and other risks that will be detailed from time to time in filings
with the U.S. Securities and Exchange Commission (the 'SEC'). The foregoing list
of risk factors is not exhaustive. There may be additional risks that Lifezone
Metals presently does not know or that Lifezone Metals currently believes are
immaterial that could also cause actual results to differ from those contained
in forward-looking statements. In addition, forward-looking statements provide
Lifezone Metals' expectations, plans or forecasts of future events and views as
of the date of this communication. Lifezone Metals anticipates that subsequent
events and developments will cause Lifezone Metals' assessments to change.
However, while Lifezone Metals may elect to update these forward-looking
statements in the future, Lifezone Metals specifically disclaims any obligation
to do so. These forward-looking statements should not be relied upon as
representing Lifezone Metals' assessments as of any date subsequent to the date
of this communication. Accordingly, undue reliance should not be placed upon the
forward-looking statements. Nothing herein should be regarded as a
representation by any person that the forward-looking statements set forth
herein will be achieved or that any of the contemplated results in such forward-
looking statements will be achieved. You should not place undue reliance on
forward-looking statements in this communication, which speak only as of the
date they are made and are qualified in their entirety by reference to the
cautionary statements herein.
Certain statements made herein include references to 'clean' or 'green' metals,
methods of production of such metals, energy or the future in general. Such
references relate to environmental benefits such as lower green-house gas
('GHG') emissions and energy consumption involved in the production of metals
using the Hydromet Technology relative to the use of traditional methods of
production and the use of metals such as nickel in the batteries used in
electric vehicles. While studies by third parties (commissioned by Lifezone
Metals) have shown that the Hydromet Technology, under certain conditions,
results in lower GHG emissions and lower consumption of electricity compared to
smelting with respect to refining platinum group metals, no active refinery
currently licenses Lifezone Metals' Hydromet Technology. Accordingly, Lifezone
Metals' Hydromet Technology and the resultant metals may not achieve the
environmental benefits to the extent Lifezone Metals expects or at all. Any
overstatement of the environmental benefits in this regard may have adverse
implications for Lifezone Metals and its stakeholders.
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