Lifezone Metals shares jump 14.14% intraday after announcing $15M registered direct offering to fund Kabanga Nickel Project exploration.

Lifezone Metals surged 14.14% intraday following the announcement of a $15 million underwritten registered direct offering, priced at $3.40 per share, with warrants exercisable at $4.00. The offering, led by BTIG and Red Cloud Securities, aims to fund the Kabanga Nickel Project and general corporate purposes, signaling investor confidence in the company’s growth strategy. The involvement of existing investor Cinctive Capital further reinforced perceptions of the offering’s credibility, aligning with the sharp intraday rally. Other news, including ownership structure details, did not directly correlate with the stock’s movement.