Lifezone Metals Announces US$8 Million Reduction in Cap on Consideration Payable to BHP Following Continued IFC Performance Standard 5 Align

For best results when printing this announcement, please click on link below: Lifezone Metals Announces US$8 Million Reduction in Cap on Consideration Payable to BHP Following Continued IFC Performance Standard 5 Alignment Lifezone Metals Limited (NYSE: LZM) today announced a US$8 million reduction in the cap on consideration payable to BHP Billiton (UK) DDS Limited (BHP), following an independent expert review confirming that the Kabanga Nickel Project’s Resettlement Action Plan (RAP) has continued to be in material alignment with the International Finance Corporation’s Performance Standard 5 (IFC PS5). Lifezone’s July 2025 definitive agreement with BHP to acquire BHP’s 17% equity interest in Kabanga Nickel Limited (KNL) included a RAP assessment provision. Under it, Lifezone was required to obtain independent verification after a 12-month period confirming whether the Kabanga Nickel Project’s RAP had been prepared, developed and implemented in material alignment with IFC PS5 objectives, and assessing the effectiveness of measures designed to mitigate identified impacts.