Lifezone Metals Limited (LZM) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi all. Welcome to the Lifespan Metals webcast to discuss the Q1 2026 financial results summaries and to provide an operational update. We'll finish today's event with a question and answer session. You can submit a question using the Q&A box at the top of your page. Please feel free to contact us directly for any questions not addressed in this webcast. Before we begin, I would like to remind everyone that today's event will contain forward-looking statements that involve risks and uncertainties that can cause actual results to differ materially from those in the forward-looking statements. Details of the forward-looking statements are contained in our April 30th news release on our website at www.lifestonemetals.com. Please see additional disclaimers, which I'd encourage you to read in your own time. Joining us today are Lifestone Metals' Chief Executive Officer, Chris Shawater, and Chief Financial Officer, Ingo Hofmeyer. Without any further to do, I'd like to turn things to Ingo for his introduction and the presentation. Thank you, Catherine, and welcome to our webinar. If you can please turn to the next page. As we all know, we had a very challenging period in the nickel market over the last two years, predominantly caused by oversupply from Indonesia. Since the start of this year, things look a lot brighter. As of the end of last week, nickel prices actually reached a two-year high, and they're up 37% from one of the low points in late 2025. Today, spot prices for nickel, copper, and cobalt The products that the mine will produce are all higher than the long-term price assumptions in the visibility study that we released in July 2025. For NECL, the price increase has various reasons, but most of all, there is, we believe, a realization in Indonesia that the rela...