LONDON, April 19, 2023 /PRNewswire/ -- Lifezone Holdings
Limited ("Lifezone Metals") has previously announced entry into a
Business Combination Agreement with GoGreen Investments Corporation
(NYSE: GOGN), a publicly traded company on the NYSE ("GoGreen").
Today, Lifezone Metals is pleased to announce that it has commenced
an off-take marketing process with respect to the nickel, copper
and cobalt from the Kabanga nickel project (the "Kabanga Project"),
which Lifezone Metals believes comprises one of the world's largest
and highest-grade nickel sulfide deposits.
Lifezone Metals seeks to support the clean energy transition
through licensing of its proprietary hydromet mineral processing
technology (the "Hydromet Technology") as an alternative to
smelting in metals production and becoming an emerging supplier of
responsibly-sourced, low-carbon and low-sulfur dioxide emission
metals to the battery, electric vehicle ("EV") and hydrogen
markets. Lifezone Metals is entitled to certain off-take marketing
rights with respect to the Kabanga Project and has retained the
marketing rights for up to 40%, in aggregate, of the total
contained nickel, cobalt and copper production from the Kabanga
Project.
Given the interest in these products from original equipment
manufacturers, the company has commenced a process aimed at
monetising the off-take from the Kabanga Project. RBC Capital
Markets has been engaged to run a formal off-take marketing
process. Further updates on the process will be provided as
appropriate.
Chris Showalter, CEO of Lifezone
Metals, said: "The commencement of the off-take marketing
process for the nickel, cobalt and copper to be produced at the
Kabanga Project is a key milestone in the development of
Lifezone Metals, as we work to build a champion for cleaner metals
to support the global energy transition.
There is a clear focus on upstream environmental footprint
driven by consumer demand and regulatory targets in the US and
Europe, and we expect a shift away
from heavy-polluting sources of raw materials into the battery and
EV supply chain. Recent test results indicate that the Kabanga
Project's nickel concentrate is amenable to processing using the
Hydromet Technology, which we believe is key to unlocking the value
of the project and paving the way for our future cleaner metal
products."
About Lifezone Metals
Lifezone Metals is a modern metals company creating value across
the battery metals supply chain from resource to metals production
and recycling. Our mission is to provide commercial access to
proprietory technology and cleaner metals production through a
scalable platform underpinned by our tailored hydromet technology.
This technology has the potential to be a cleaner and lower cost
alternative to smelting, allowing us to responsibly and
cost-effectively provide cleaner metals.
By pairing Tanzania's Kabanga
Project, which we believe is one of the largest and highest-grade
undeveloped nickel sulphide deposits in the world, with our
proprietary hydromet technology, we will work to unlock the value
of a key new source of supply to global battery metals markets. We
partner with BHP on the Kabanga Project as we aim to empower
Tanzania to achieve full value
in-country and become the next premier source of nickel.
www.lifezonemetals.com
Business Combination with GoGreen Investments
Corporation
Lifezone Metals announced on December 13,
2022 a business combination agreement with GoGreen
Investments Corporation (NYSE: GOGN). The business combination
between Lifezone Metals and GoGreen Investments Corporation is
subject to customary closing conditions.
About GoGreen Investments Corporation
GoGreen Investments Corporation is a blank check company formed
for the purpose of effecting a merger, share exchange, asset
acquisition, share purchase, reorganization, or similar business
combination with one or more businesses. GoGreen is led by Chief
Executive Officer John Dowd.
www.gogreeninvestments.com
Contacts
Lifezone Metals
Natasha Liddell
Executive Vice President ESG & Communications
info@lifezonemetals.com
Media Enquiries
Tom
Batchelar
TAB Communications
tom@tabcommunications.co.uk
+44 (0) 7814 964 287
Daniel Thole
Fletcher Advisory
daniel@fletcheradvisory.com
+44 (0) 7821 571 308
Forward-Looking Statements
Certain statements made herein are not historical facts but may
be considered "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, Section 21E of the
Securities Exchange Act of 1934 and the "safe harbor" provisions
under the Private Securities Litigation Reform Act of 1995.
Forward-looking statements generally are accompanied by words such
as "believe," "may," "will,"
"estimate," "continue," "anticipate,"
"intend," "expect," "should," "would,"
"plan," "predict," "potential," "seem,"
"seek," "future," "outlook" or the negatives
of these terms or variations of them or similar terminology or
expressions that predict or indicate future events or trends or
that are not statements of historical matters. These
forward-looking statements include, but are not limited to,
statements regarding future events, the proposed business
combination between GoGreen and Lifezone Metals, the estimated or
anticipated future results and benefits of the combined company
following the business combination, including the likelihood and
ability of the parties to successfully consummate the business
combination, future opportunities for the combined company,
including the efficacy of the Hydromet Technology and the
development of, and processing of mineral resources at, the Kabanga
Project, and other statements that are not historical facts.
These statements are based on the current expectations of
GoGreen and/or Lifezone Metals' management and are not predictions
of actual performance. These forward-looking statements are
provided for illustrative purposes only and are not intended to
serve as, and must not be relied on, by any investor as a
guarantee, an assurance, a prediction or a definitive statement of
fact or probability. Actual events and circumstances are difficult
or impossible to predict and will differ from assumptions. Many
actual events and circumstances are beyond the control of GoGreen
and Lifezone Metals. These statements are subject to a number of
risks and uncertainties regarding Lifezone Metals' business and the
business combination, and actual results may differ materially.
These risks and uncertainties include, but are not limited to:
general economic, political and business conditions, including but
not limited to the economic and operational disruptions and other
effects of the COVID-19 pandemic; the inability of the parties to
consummate the business combination or the occurrence of any event,
change or other circumstances that could give rise to the
termination of the business combination agreement; the number of
redemption requests made by GoGreen's shareholders in connection
with the business combination; the outcome of any legal proceedings
that may be instituted against the parties following the
announcement of the business combination; the risk that the
approval of the shareholders of Lifezone Metals or GoGreen for the
potential transaction is not obtained; failure to realize the
anticipated benefits of the business combination, including as a
result of a delay in consummating the potential transaction or
difficulty in integrating the businesses of Lifezone Metals and
GoGreen; the risk that the business combination disrupts current
plans and operations as a result of the announcement and
consummation of the business combination; the risks related to the
rollout of Lifezone Metals' business, the efficacy of the Hydromet
Technology, and the timing of expected business milestones;
Lifezone Metals' development of, and processing of mineral
resources at, the Kabanga Project; the effects of competition on
Lifezone Metals' business; the ability of the combined company to
execute its growth strategy, manage growth profitably and retain
its key employees; the ability of Lifezone Metals Limited
("Holdings") to obtain or maintain the listing of its securities on
a U.S. national securities exchange following the business
combination; costs related to the business combination; and other
risks that will be detailed from time to time in filings with the
U.S. Securities and Exchange Commission (the "SEC"). The foregoing
list of risk factors is not exhaustive. There may be additional
risks that Lifezone Metals presently does not know or that Lifezone
Metals currently believes are immaterial that could also cause
actual results to differ from those contained in forward-looking
statements. In addition, forward-looking statements provide
Lifezone Metals' expectations, plans or forecasts of future events
and views as of the date of this communication. Lifezone Metals
anticipates that subsequent events and developments will cause
Lifezone Metals' assessments to change. However, while Lifezone
Metals may elect to update these forward-looking statements in the
future, Lifezone Metals specifically disclaims any obligation to do
so. These forward-looking statements should not be relied upon as
representing Lifezone Metals' assessments as of any date subsequent
to the date of this communication. Accordingly, undue reliance
should not be placed upon the forward-looking statements. Nothing
herein should be regarded as a representation by any person that
the forward-looking statements set forth herein will be achieved or
results of such forward-looking statements will be achieved.
Certain statements made herein include references to "clean" or
"green" metals, methods of production of such metals, energy or the
future in general. Such references relate to environmental benefits
such as lower green-house gas ("GHG") emissions and energy
consumption involved in the production of metals using the Hydromet
Technology relative to the use of traditional methods of production
and the use of metals such as nickel in the batteries used in
electric vehicles. While studies by third parties (commissioned by
Lifezone Metals) have shown that the Hydromet Technology, under
certain conditions, results in lower GHG emissions and lower
consumption of electricity compared to smelting with respect to
refining platinum group metals, no active refinery currently
licenses Lifezone Metals' Hydromet Technology. Accordingly,
Lifezone Metals' Hydromet Technology and the resultant metals may
not achieve the environmental benefits to the extent Lifezone
Metals expects or at all. Any overstatement of the environmental
benefits in this regard may have adverse implications for Lifezone
Metals and its stakeholders.
Additional Information and Where to Find It
In connection with the business combination, Holdings filed a
registration statement on Form F-4 (File No.
333-271300) (as amended, the "Registration Statement") with the
SEC, which includes a preliminary prospectus and preliminary proxy
statement and, after the Registration Statement is declared
effective, GoGreen will mail a definitive proxy
statement/prospectus and other relevant documents relating to the
business combination to its shareholders. This communication is not
a substitute for the Registration Statement, the definitive proxy
statement/prospectus or any other document that GoGreen will send
to its shareholders in connection with the business
combination.
INVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ THE
REGISTRATION STATEMENT, PROXY STATEMENT/PROSPECTUS, ALL AMENDMENTS
THERETO, AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC
CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE
BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE BUSINESS
COMBINATION AND THE PARTIES TO THE BUSINESS COMBINATION.
Investors and security holders will be able to obtain copies
of these documents (if and when available) and other documents
filed with the SEC free of charge at www.sec.gov. The definitive
proxy statement/final prospectus (if and when available) will be
mailed to shareholders of GoGreen as of a record date to be
established for voting on the business combination. Shareholders of
GoGreen will also be able to obtain copies of the proxy
statement/prospectus without charge, once available, at the SEC's
website at www.sec.gov, or by directing a request to: GoGreen
Investments Corporation, One City Centre, 1021 Main Street, Suite
1960, Houston, TX 77002.
Participants in the Solicitation
Holdings, Lifezone Metals, GoGreen and their respective
directors, executive officers, other members of management, and
employees, under SEC rules, may be deemed participants in the
solicitation of proxies of GoGreen's shareholders in connection
with the business combination. Investors and security holders may
obtain more detailed information regarding the names and interests
in the business combination of the directors and officers of
Holdings, Lifezone Metals, GoGreen in the Registration Statement.
Information about GoGreen's directors and executive officers is
also available in GoGreen's filings with the SEC.
No Offer or Solicitation
This communication is for informational purposes only and is
neither an offer to purchase, nor a solicitation of an offer to
sell, subscribe for or buy any securities or the solicitation of
any vote in any jurisdiction pursuant to the business combination
or otherwise, nor shall there be any sale, issuance or transfer of
securities in any jurisdiction in contravention of applicable law.
No offer of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities
Act.
Logo:
https://mma.prnewswire.com/media/2010304/Lifezone_Metals_Logo.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/lifezone-metals-launches-off-take-marketing-process-for-nickel-copper-and-cobalt-from-the-kabanga-nickel-project-301801743.html