Lifezone Metals finds SPAC, lists on the NYSE

Battery metal producer Lifezone Metals said today that it will combine with GoGreen Investments, a publicly-listed special acquisition company , and list on the New York Stock Exchange.

Lifezone is partnering with BHP Billiton on the Kabanga nickel project. It is also advancing processing capabilities. The transaction values the combined company at a pro forma implied equity value of approximately $1.0 billion with total net proceeds of $318 million. Including the net proceeds from the transaction and existing cash on Lifezone’s balance sheet, Lifezone would have over $357 million of cash at transaction close.

"Lifezone Metals pairs one of the largest and highest-grade undeveloped nickel sulphide deposits in the world with proprietary green-processing technology," writes Lifezone describing its business. Chris Showalter, CEO of Lifezone, will continue as CEO. Keith Liddell, founder of Lifezone, will serve as the Chairman of the Lifezone Metals Board, and Michael Sedoy, CFO of GoGreen, will join Lifezone Metals as interim CFO.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sterling Metals jumps on discoveryA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Deutsche Bank wants back in the gold market after eight-year absenceKitco News' general-interest stories takes a look at what is making headlines in the marketplace and how that is impacting precious metals prices
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Ascot arranges C$200 million financing for construction of the Premier gold projectA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

St Barbara and Genesis to mergeA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Sayona Mining awarded final permit, prod'n set for Q1 2023A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

First Mining sells its Goldlund NSR royalty to Sprott for C$9.5 millionA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »