Lifezone Metals Reports FY24 Financial Results, Kabanga Nickel Project on Track

Lifezone Metals reported a net cash decrease of $20.1 million in 2024, with a cash balance of $29.3 million as of December 31, 2024. The decrease was driven by net cash used in operating activities ($15.9 million) and investing activities ($52.7 million), partially offset by net cash provided by financing activities ($48.4 million). The company is focused on advancing its Kabanga Nickel Project and PGM recycling project despite challenging nickel price environment.