GoGreen Investments Corporation (NYSE:GOGN) (“GoGreen”), a publicly
traded special purpose acquisition company, announced today that at
an extraordinary general meeting held on June 29, 2023 (the
“Meeting”), its shareholders voted to approve its proposed business
combination (the “Business Combination”) with Lifezone Holdings
Limited (“Lifezone”), a modern metals company creating value across
the battery metals supply chain from resource to metals production
and recycling.
Subject to customary closing conditions, the closing of the
Business Combination is expected to begin on or about July 5, 2023
and to conclude on or about July 6, 2023. Following the
consummation of the Business Combination, on or about July 6, 2023,
ordinary shares and warrants of Lifezone Metals Limited (“Lifezone
Metals”) are expected to begin trading on the New York Stock
Exchange (the “NYSE”) under the ticker symbols “LZM” and “LZMW,”
respectively.
As of the close of business on May 5, 2023, the record date for
the Meeting, there were 35,835,000 ordinary shares of GoGreen, with
par value $0.0001 per share (“GoGreen ordinary shares”) issued and
outstanding. 77.4% of all of the GoGreen ordinary shares entitled
to vote at the Meeting were represented in person, virtually or by
proxy at the Meeting, with 70.4% voting to approve the Business
Combination.
The formal results of the GoGreen shareholder vote will be
included on a Form 8-K to be filed with the U.S. Securities and
Exchange Commission by GoGreen.
John Dowd, CEO of GoGreen, said: “GoGreen is convinced that a
significant increase in the supply of clean metals will be
essential in enabling the energy transition. Today’s shareholder
approval announcement marks a pivotal moment in our journey to
bring to the public markets a differentiated nickel and green
technology company. We are more confident than ever that Lifezone
Metals is poised to play a critical role in supporting
decarbonization of the transportation sector and potentially
beyond.”
Keith Liddell, Chairman of Lifezone, said: “We are thankful for
our continued partnership with GoGreen and the support evidenced by
their shareholders. We believe we have the right assets,
technology, partnerships and team to be able to deliver a globally
effective solution that can transform the supply chain for electric
vehicle batteries and contribute to the decarbonization of our
economy.”If you would like to sign up for Lifezone Metals news
alerts, please register here.
Contacts
GoGreen
InvestmentsJohn DowdChief Executive
OfficerJohn@gogreeninvestments.com
Lifezone
MetalsNatasha Liddell Chief Sustainability
Officerinfo@lifezonemetals.com
Investor RelationsICR,
Inc.646-200-8879LifezoneMetalsIR@icrinc.com
US Media EnquiriesBronwyn WallaceH+K
Strategies+1 713 724 3627Bronwyn.Wallace@hkstrategies.com
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
About Lifezone
Metals
Lifezone 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
proprietary 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 nickel project (the “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 have a long-standing partnership
with BHP on the Kabanga Project, with BHP having invested USD100
million, as we work to empower Tanzania to achieve full value
creation in-country and become the next premier source of
nickel.
www.lifezonemetals.com
Caution About 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, as amended (the
“Securities Act”), Section 21E of the Securities Exchange Act of
1934, as amended 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, 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 Lifezone’s 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’s and/or Lifezone’s 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. These statements are subject to a number of risks and
uncertainties regarding Lifezone’s 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 outcome of
any legal proceedings that may be instituted against the parties
following the announcement of the business combination; 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
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’s business, the efficacy of the Hydromet
Technology, and the timing of expected business milestones;
Lifezone’s development of, and processing of mineral resources at,
the Kabanga project; the effects of competition on Lifezone’s
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 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 presently does not know or that
Lifezone 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’s expectations, plans or forecasts of future events and
views as of the date of this communication. Lifezone anticipates
that subsequent events and developments will cause Lifezone’s
assessments to change. However, while Lifezone may elect to update
these forward-looking statements in the future, Lifezone
specifically disclaims any obligation to do so. These
forward-looking statements should not be relied upon as
representing Lifezone’s 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) 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’s
Hydromet Technology. Accordingly, Lifezone’s Hydromet Technology
and the resultant metals may not achieve the environmental benefits
to the extent Lifezone expects or at all. Any overstatement of the
environmental benefits in this regard may have adverse implications
for Lifezone and its stakeholders.
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