Lifezone Metals launches off-take marketing process for nickel, copper and cobalt from the Kabanga nickel project

April 24, 2023

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.

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.

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 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, 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.

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