SCHEDULE: Cinctive Capital Discloses 11% Stake in Lifezone Metals

Cinctive Capital Management LP and its affiliates have reported an 11% beneficial ownership stake in Lifezone Metals Ltd, comprising over 9.5 million ordinary shares.

Summary

• Cinctive Capital Management LP, Cinctive GP LLC, Richard H. Schimel, and Lawrence J. Sapanski (collectively, the "Reporting Persons") have disclosed beneficial ownership of 9,517,701 Ordinary Shares of Lifezone Metals Ltd.
• This represents approximately 11% of the Ordinary Shares outstanding.
• The ownership consists of 6,761,819 Ordinary Shares and 2,755,882 Ordinary Shares acquirable upon the exercise of Warrants.
• The percentage is calculated based on 83,784,302 Ordinary Shares expected to be outstanding around November 12, 2025, following an underwritten public offering, plus the 2,755,882 shares from warrants.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 6

Explanation: The disclosure of a significant 11% stake by an institutional investor like Cinctive Capital Management is generally a positive signal, suggesting confidence in the company. However, as a passive filing, it doesn't provide operational or financial performance details, thus a neutral-to-slightly positive score is appropriate.

Positives

• A significant institutional investor, Cinctive Capital Management LP, has taken an 11% stake in Lifezone Metals Ltd, potentially signaling confidence in the company's long-term prospects.

Risks

• The filing itself does not detail specific risks related to Lifezone Metals Ltd's operations or financial health, as it is a disclosure of beneficial ownership.
• The investment is held in the ordinary course of business and not for control, indicating a passive investment approach by Cinctive Capital.

Future Outlook

NA

Industry Context

This filing indicates a significant institutional investment in Lifezone Metals Ltd, a company likely operating in the metals or mining sector given its name. Such an investment can be viewed as a vote of confidence from a sophisticated investor, potentially attracting further market attention to the company within its industry.

Related Party Transactions

• Cinctive Global Master Fund, Ltd has the right to receive or direct dividends and proceeds from the sale of more than 5% of the Ordinary Shares beneficially owned by the Reporting Persons.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake may increase investor confidence and potentially attract more institutional interest, which could positively impact share price stability and liquidity.
• Management: A large, passive institutional investor typically implies less immediate pressure on management for strategic changes, but their presence can still influence corporate governance discussions over time.

Key Dates

Keywords

Lifezone Metals, Cinctive Capital Management, Schedule 13G, beneficial ownership, ordinary shares, warrants, institutional investment, G5568L109