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LZ

Lifezone Metals Limited

LZMBasic MaterialsNASDAQ

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Financials · Annual
Revenue
$1.1M
+652.2% YoY
Net Income
-$13.6M
+70.6% YoY
EBITDA
-$2.5M
+93.6% YoY
Free Cash Flow
-$46.6M

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About Lifezone Metals Limited

Lifezone Metals Limited, together with its subsidiaries, engages in the metals production and recycling business. Valued at $478.8M, LZM is a small-cap name in its sector. The company's flagship project is the Kabanga Nickel Project located in north-west Tanzania.

Key stats
Market Cap$478.8M
Fwd P/E-13.46
EPS$-0.17
Beta1.26
52W Change+30.9%
ROE-16.4%
Analysis

Lifezone Metals Limited carries $53.3M in total debt against $20.6M in cash reserves — debt is roughly 2.6x the cash position. Managing this leverage effectively will be important for long-term financial stability. Free cash flow is running at -$46.6M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. Return on equity stands at -16.4%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Revenue has pulled back from $2.9M (2022) to $1.1M (2025), a 64% decline worth watching.

The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. No single metric tells the full story. Reviewing LZM's risk profile alongside its fundamentals and technical indicators provides a more complete picture.

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