Medical Tech Firm Heartflow Surges 66% After $317 Million IPO
Shares of the Mountain View, California-based company traded at $31.49 each on Friday as of 1:01 p.m. in New York, versus an IPO price of $19 apiece. The offering of 16.67 million shares by the company priced above range, after the stock was marketed for $17 to $18 each.
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Associated Press
a few seconds ago
- Associated Press
Lifezone Metals Secures $60 Million Bridge Loan from Taurus Mining Finance
NEW YORK--(BUSINESS WIRE)--Aug 11, 2025-- Lifezone Metals Limited's ( NYSE: LZM ) Chief Executive Officer, Chris Showalter, today announced that Lifezone's wholly-owned subsidiary, Kabanga Nickel Limited, has entered into a $60 million bridge loan facility agreement with Taurus Mining Finance Fund No. 2, L.P. ( Taurus ), a leading global provider of structured finance to the mining sector. The facility will support the advancement of the Kabanga Nickel Project, located in north-west Tanzania, by funding the development of critical early works and infrastructure development as the Company moves toward securing long-term project financing. Mr. Showalter stated: 'This announcement further demonstrates the preparation and strategic steps Lifezone has taken in anticipation of consolidating 100% ownership of Kabanga Nickel Limited, which we completed last month. The support from Taurus, a respected and experienced mining finance partner, reflects the strength of our project and our team's ability to deliver. With the Feasibility Study now complete, Taurus's funding enables us to advance critical early-stage development while progressing the competitive process underway with Standard Chartered to select additional strategic investment partners. In parallel, we are advancing the project financing process with Societe Generale, as we work toward a comprehensive funding solution for the Kabanga Nickel Project.' Strategic importance of the facility The senior secured bridge loan is a key step in Lifezone's broader financing strategy to advance the Kabanga Nickel Project towards production. It provides essential funding to maintain project momentum during the execution readiness phase, bridging the period between Feasibility Study completion and Final Investment Decision, expected in mid-2026. The loan bears interest at a rate of 9.25% per annum on drawn amounts, payable quarterly. It is subject to an arrangement fee of 2.25% and a commitment fee of 2.5% per annum on undrawn amounts. The loan is secured by a security interest in the shares that Lifezone indirectly holds in Kabanga Nickel Limited and security interests in other assets relating to the Kabanga Nickel Project. The loan is also guaranteed by other subsidiaries of Lifezone. As part of the transaction, Lifezone Metals issued 2.5 million warrants to Taurus, exercisable at an exercise price of $5.42 per share. The warrants will expire five years from the date of issuance. Availability of borrowings under the facility is subject to the satisfaction of customary conditions precedent. The facility has a scheduled maturity date of July 31, 2027, with an option available to Kabanga Nickel Limited to extend the term by an additional six months. In connection with the bridge loan facility agreement, the Company and the debentureholders amended certain terms of the Company's current outstanding Senior Unsecured Convertible Debentures. Supporting a world-class nickel, copper and cobalt project The Kabanga Nickel Project is believed to be one of the world's largest and highest-grade development-ready nickel, copper and cobalt sulfide deposits. Highlights of the Feasibility Study Technical Report Summary, filed on July 18, 2025 (refer to the Company's EDGAR profile, investor relations website and July 18, 2025 news release ), include: Project metrics shown on a 100% basis – the Kabanga Nickel Project is 84% owned by Lifezone and 16% by the Government of Tanzania. If you would like to sign up for Lifezone Metals news alerts, please register here. Social Media LinkedIn | X | YouTube About Lifezone Metals Lifezone Metals (NYSE: LZM) is committed to delivering cleaner and more responsible metals production and recycling. Through the application of our Hydromet Technology, we offer the potential for lower energy consumption, lower emissions and lower cost metals production compared to traditional smelting. Our Kabanga Nickel Project in Tanzania is believed to be one of the world's largest and highest-grade development-ready nickel sulfide deposits. By pairing it with our Hydromet Technology, we are working to unlock a new source of nickel, copper and cobalt for the global battery metals markets and to empower Tanzania to achieve in-country beneficiation. Through our US-based recycling partnership, we are working towards applying our Hydromet Technology to the recovery of platinum, palladium and rhodium from responsibly sourced spent automotive catalytic converters. Our process is expected to be cleaner and more efficient than conventional smelting and refining methods, supporting a circular economy for precious metals. Forward-Looking Statements Certain statements made herein are not historical facts but may be considered 'forward-looking statements' within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the 'safe harbor' provisions under the Private Securities Litigation Reform Act of 1995 regarding, amongst other things, the plans, strategies, intentions and prospects, both business and financial, of Lifezone Metals Limited and its subsidiaries. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events or results of operations, and any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Forward-looking statements may be accompanied by words such as 'believes,' 'estimates,' 'expects,' 'predicts,' 'projects,' 'forecasts,' 'may,' 'might,' 'will,' 'could,' 'should,' 'would,' 'seeks,' 'plans,' 'scheduled,' 'possible,' 'continue,' 'potential,' 'anticipates' or 'intends' 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; provided that the absence of these does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements regarding future events, the estimated or anticipated future results of Lifezone Metals, future opportunities for Lifezone Metals, including the efficacy of Lifezone Metals' hydrometallurgical technology (Hydromet Technology) and the development of, and processing of mineral resources at, the Kabanga Nickel Project, our approach to environmental stewardship, social responsibility, safety and governance (ESG), and other statements that are not historical facts. These statements are based on the current expectations of 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 Lifezone Metals and its subsidiaries. These statements are subject to a number of risks and uncertainties regarding Lifezone Metals' business, 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 economic and operational disruptions; global inflation and cost increases for materials and services; capital and operating costs varying significantly from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; changes in government regulations, legislation and rates of taxation; inflation; changes in exchange rates and the availability of foreign exchange; fluctuations in commodity prices; delays in the development of projects and other factors; the outcome of any legal proceedings that may be instituted against Lifezone Metals; our ability to obtain additional capital, including use of the debt market, future capital requirements and sources and uses of cash; the risks related to the rollout of Lifezone Metals' business, the efficacy of the Hydromet Technology, and the timing of expected business milestones; the acquisition of, maintenance of and protection of intellectual property; Lifezone's ability to achieve projections and anticipate uncertainties (including economic or geopolitical uncertainties) relating to our business, operations and financial performance, including: expectations with respect to financial and business performance, future operating results, financial projections and business metrics and any underlying assumptions; expectations regarding product and technology development and pipeline and market size; events relating to environmental issues, social responsibility, safety and/or governance matters, expectations regarding product and technology development and pipeline; future acquisitions, partnerships, or other relationships with third parties; maintaining key strategic relationships with partners and customers; the timing and significance of contractual relationships; the effects of competition on Lifezone Metals' business; the ability of Lifezone Metals to execute its growth strategy, the development and processing of the mineral resources at the Kabanga Nickel Project; obtaining additional capital, including use of the debt market, future capital requirements, and sources and uses of cash; manage growth profitably and retain its key employees; the ability of Lifezone Metals to reach and maintain profitability; enhancing future operating and financial results; complying with laws and regulations applicable to Lifezone Metals' business; Lifezone Metals' ability to continue to comply with applicable listing standards of the NYSE; our ability to comply with applicable laws and regulations, stay abreast of accounting standards, or modified or new laws and regulations applying to our business, including privacy regulation; and other risks that will be detailed from time to time in filings with the U.S. Securities and Exchange Commission (SEC); meeting future liquidity requirements and complying with restrictive covenants related to long-term indebtedness; and dealing effectively with litigation, complaints, and/or adverse publicity. 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. 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. You should not place undue reliance on forward-looking statements in this communication, which are based upon information available to us as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein. In all cases where historical performance is presented, please note that past performance is not a credible indicator of future results. Except as otherwise required by applicable law, we disclaim any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data, or methods, future events, or other changes after the date of this communication. View source version on CONTACT: Investor Relations – North America Evan Young SVP: Investor Relations & Capital Markets [email protected] Relations – Europe Ingo Hofmaier Chief Financial Officer [email protected] KEYWORD: AFRICA UNITED STATES TANZANIA NORTH AMERICA NEW YORK INDUSTRY KEYWORD: MINING/MINERALS NATURAL RESOURCES SOURCE: Lifezone Metals Copyright Business Wire 2025. PUB: 08/11/2025 06:30 AM/DISC: 08/11/2025 06:30 AM
Yahoo
28 minutes ago
- Yahoo
TSX futures rise amid US-Russia meet, trade talks; key data in focus
(Reuters) -Futures tied to Canada's main stock index edged up on Monday, mirroring Wall Street peers, as investors shifted their attention to the week's upcoming U.S.-Russia talks, trade negotiations and pivotal U.S. inflation data. Futures on the S&P/TSX index rose 0.17% by 05:34 a.m. ET (0934 GMT). The move follows a strong weekly performance for the Toronto Stock Exchange's S&P/TSX composite index, as solid corporate earnings propelled its largest weekly advance in nearly a year. Investor focus will be on talks between U.S. President Donald Trump and Russian leader Vladimir Putin on August 15 in Alaska, to negotiate a possible end to the war in Ukraine. Also on cards is a looming U.S. tariff deadline on China, set to expire on Tuesday, with expectations for another extension to avert triple-digit percentage levies. Tuesday's July U.S. consumer price index data will indicate whether Trump's import tariffs are fueling price pressures, which could sway market bets on a September interest rate cut by the Federal Reserve. Canada is poised for a data-light week, with Friday's June wholesale trade and manufacturing sales figures to be the only notable indicators. On Wednesday, the Bank of Canada will release the Governing Council deliberations summary for the decision announced two weeks earlier, when the policy rate was kept unchanged but the bank indicated future cuts if the economy weakens further and inflation remains in check. On the day, the materials index could come under pressure as gold prices dropped more than 1% ahead of U.S.-Russia talks. [GOL/] Oil prices also fell, extending declines of more than 4% last week. [O/R] Barrick Mining will post its quarterly results later in the day. FOR CANADIAN MARKETS NEWS, CLICK ON CODES: TSX market report [.TO] Canadian dollar and bonds report [CAD/] [CA/] Reuters global stocks poll for Canada Canadian markets directory Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
28 minutes ago
- Yahoo
Craveworthy becomes investor and managing partner of Gregorys Coffee
Multi-restaurant platform company Craveworthy Brands has announced its investment and partnership with Gregorys Coffee, a speciality coffee company based in New York City. The collaboration includes as partners Branded Hospitality, Harborfield Management, Everstar Asset Management and Kitchen Fund. Craveworthy Brands founder and CEO Gregg Majewski stated: 'The human element is at the core of everything we do at Craveworthy, and Gregorys is a brand with a true heartbeat. 'Gregory has built something special: a cult following, a craft product and a clear identity. Our role is to protect that, while layering in the operational firepower to grow thoughtfully. 'There are so many Gregs involved in this partnership - it really feels destined we'd end up partnering with a brand called Gregorys.' Established in 2006, Gregorys is known for its pastries and a food programme curated by an in-house registered dietitian, alongside a selection of rotating limited-edition coffees. The company operates more than a50 locations in the US. The partnership marks a new growth phase for Gregorys, combining its coffee approach with Craveworthy's hospitality-driven mission and operational proficiency. Gregory Zamfotis, the founder of Gregorys, will continue to lead the brand as president. Craveworthy will oversee core business functions such as operations and training, while allowing Gregorys to maintain its distinctive identity. Craveworthy plans to franchise Gregorys in the fourth quarter of this year, leveraging its resources to expand the brand with qualified entrepreneurs across the country. The company's roastery will remain central to operations, providing fresh coffee roasted to order for all locations. Zamfotis stated: 'We built this family-oriented coffee brand for people who hustle hard and expect quality, without compromise. Our 'Gregulars,' our baristas, our roasters, our bakers, everyone is part of this story.' "Craveworthy becomes investor and managing partner of Gregorys Coffee" was originally created and published by Verdict Food Service, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
