Lifezone Metals Limited (LZM.W) Warrant
Each LZM.W warrant gives the holder the right to buy 1 share of Lifezone Metals Limited at $11.50 per share, until July 6, 2028. The stock last closed at $3.85, below the strike, so the warrant is out of the money. Lifezone Metals Limited has a market value of about $329.21M. There are 13.72M listed warrants; exercising all of them would add 16.1% to the 85.51M shares outstanding. The company can call the warrants if the stock trades at or above $18.00.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- 2028-07-06
- Redemption trigger
- $18.00
- Cashless exercise
- allowed
- Break-even stock price
- $11.81
From the issuer's F-1/A (2023-09-25).
Company and stock
- Company
- Lifezone Metals Limited
- Underlying stock
- LZM
- Share price
- $3.85
- Market cap
- $329.21M
- Shares outstanding
- 85.51M
- 12-month range
- $3.01 – $6.10
- 12-month change
- -33%
- Value of all listed warrants
- $4.19M (1.3% of market cap)
- Industry
- Metal Mining
- Head office
- Douglas, Isle of Man
- Incorporated in
- Isle of Man
Market cap is the last share price times shares outstanding (as of 2025-12-31). Industry and head office are as the company reports them to the SEC. All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.3054
- Price / model
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Dilution
- Shares outstanding
- 85.51M
- Listed warrants
- 13.72M
- Dilution if all exercised
- 16.1%
Warrant count from filing notes, read by hand (high): Public Warrants.
Filings and events
- Terms source: F-1/A
- Merger closed; the warrants became warrants of the combined company
Questions about LZM.W
When does the LZM.W warrant expire?
LZM.W expires on July 6, 2028.
What is the strike price of LZM.W?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
Can Lifezone Metals Limited redeem the LZM.W warrants early?
Yes. The company can call them if the share price reaches $18.00 for the required period (usually 20 of 30 trading days).
How many LZM.W warrants are outstanding?
13.72M listed warrants, equal to 16.1% dilution if all are exercised.
Related warrants
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