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Equity (Tables) | 12 Months Ended
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Dec. 31, 2023
Equity [Abstract] |
Schedule of Equity Interest |
|  | December 31, 2023 |  |  | December 31, 2022 |
|  | Number of Shares |  |  | $ |  |  | Number of Shares |  |  | $ |
Share capital: |  |  |  |  |  |  |  |  |  |  |  |
Lifezone Holding Limited |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of ordinary shares in issue |  |  |  |  |  |  |  |  |  |  | 58,300,082 |  |  |  |  |
Nominal average value per ordinary per share |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0.0001 |
Nominal value of ordinary total shares: Lifezone Holdings Limited |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,101 |
Lifezone Metals Limited |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of ordinary shares in issue |  |  | 78,269,952 |  |  |  |  |  |  |  |  |  |  |  |  |
Nominal average value per ordinary per share |  |  |  |  |  |  | 0.0001 |  |  |  |  |  |  |  |  |
Nominal value of ordinary total shares: Lifezone Metals Limited |  |  |  |  |  |  | 7,828 |  |  |  |  |  |  |  |  |
Schedule of Reconciliation of Shareholders' Equity Movement |
|  | December 31, 2023 |  |  | Movements |  |  | December 31, 2022 |
|  | Number of Shares |  |  | $ |  |  | $ |  |  | Number of Shares |  |  | $ |
Share capital, beginning |  |  | 58,300,082 |  |  |  | 3,101 |  |  |  | - |  |  |  | 58,300,082 |  |  |  | 1,843 |
Transactions with shareholders |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Lifezone Holdings restricted stock units exercised |  |  | 2,819,653 |  |  |  | 150 |  |  |  | 150 |  |  |  | - |  |  |  | - |
Lifezone Holdings share options, net settled exercised |  |  | 1,560,396 |  |  |  | 83 |  |  |  | 83 |  |  |  | - |  |  |  | - |
|  |  | 4,380,049 |  |  |  | 233 |  |  |  | 233 |  |  |  | - |  |  |  | - |
Total Lifezone Holdings Limited shares prior to share exchange |  |  | 62,680,131 |  |  |  | 3,334 |  |  |  |  |  |  |  | 58,300,082 |  |  |  | 1,843 |
Share exchange transaction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total Lifezone Holdings shares exchanged for Lifezone Metals shares |  |  | (62,680,131 | ) |  |  | (3,334 | ) |  |  | (3,334 | ) |  |  |  |  |  |  |  |
Exchange ratio of 94:1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Exchanged for Issue of Lifezone Metal Limited shares |  |  | 62,680,131 |  |  |  | 6,268 |  |  |  | 6,268 |  |  |  | - |  |  |  | - |
Previous GoGreen Sponsor shareholders |  |  | 6,468,600 |  |  |  | 647 |  |  |  | 647 |  |  |  | - |  |  |  | - |
Previous GoGreen public shareholders |  |  | 1,527,554 |  |  |  | 153 |  |  |  | 153 |  |  |  | - |  |  |  | - |
PIPE Investors |  |  | 7,017,317 |  |  |  | 702 |  |  |  | 702 |  |  |  | - |  |  |  | - |
Simulus Vendors |  |  | 500,000 |  |  |  | 50 |  |  |  | 50 |  |  |  | - |  |  |  | - |
Issue of Lifezone Metal Limited shares |  |  | 78,193,602 |  |  |  | 7,820 |  |  |  | 7,820 |  |  |  | - |  |  |  | - |
Issue of shares from warrants exercised |  |  | 76,350 |  |  |  | 8 |  |  |  | 8 |  |  |  | - |  |  |  | - |
Share flip up transaction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Swap of Lifezone and KNL shares |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (58,300,082 | ) |  |  | (1,843 | )
Issue of Lifezone Holdings Limited shares |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 58,300,082 |  |  |  | 3,101 |
|  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,258 |
Total transactions with shareholders |  |  | 78,269,952 |  |  |  | 7,828 |  |  |  | 7,828 |  |  |  | - |  |  |  | 1,258 |
Share capital, ending |  |  | 78,269,952 |  |  |  | 7,828 |  |  |  | 4,727 |  |  |  | 58,300,082 |  |  |  | 3,101 |
Share premium |  |  |  |  |  |  | 184,610,307 |  |  |  | 158,933,651 |  |  |  |  |  |  |  | 25,676,656 |
Equity issuance fees |  |  |  |  |  |  | (5,923,979 | ) |  |  | (5,683,979 | ) |  |  |  |  |  |  | (240,000 | )
Total share premium |  |  |  |  |  |  | 178,686,328 |  |  |  | 153,249,672 |  |  |  |  |  |  |  | 25,436,656 |
Lifezone Holdings restricted stock units |  |  |  |  |  |  | - |  |  |  | (14,379,698 | ) |  |  |  |  |  |  | 14,379,698 |
Lifezone Holdings share options |  |  |  |  |  |  | - |  |  |  | (11,103,650 | ) |  |  |  |  |  |  | 11,103,650 |
Previous Lifezone Holdings shareholders earnouts |  |  |  |  |  |  | 248,464,035 |  |  |  | 248,464,035 |  |  |  |  |  |  |  | - |
Previous Sponsor earnouts |  |  |  |  |  |  | 17,094,750 |  |  |  | 17,094,750 |  |  |  |  |  |  |  | - |
Total shared base payment reserve |  |  |  |  |  |  | 265,558,785 |  |  |  | 240,075,437 |  |  |  |  |  |  |  | 25,483,348 |
Warrant reserves |  |  |  |  |  |  | 15,017,257 |  |  |  | 15,017,257 |  |  |  |  |  |  |  | - |
Other reserves |  |  |  |  |  |  | (6,814,302 | ) |  |  | 8,680,952 |  |  |  |  |  |  |  | (15,495,254 | )
Translations reserve |  |  |  |  |  |  | 77,933 |  |  |  | (37,931 | ) |  |  |  |  |  |  | 115,864 |
Redemption reserve |  |  |  |  |  |  | 280,808 |  |  |  | - |  |  |  |  |  |  |  | 280,808 |
Accumulated deficit |  |  |  |  |  |  | (408,165,162 | ) |  |  | (363,874,560 | ) |  |  |  |  |  |  | (44,290,602 | )
Total Shareholders’ equity (deficit) |  |  |  |  |  |  | 44,649,475 |  |  |  | 53,115,554 |  |  |  |  |  |  |  | (8,466,079 | )
Schedule of Fair Value of Restricted Stock Units |
|  | Restricted stock units |  |  | Fair value ($) |
As at January 1, 2022 |  |  | 150 |  |  |  | 9,525,000 |
Granted |  |  | - |  |  |  | - |
Released * |  |  | (150 | ) |  |  | - |
Exchanged * |  |  | 30,000 |  |  |  | - |
Fair value adjustment |  |  | - |  |  |  | 4,854,698 |
Outstanding at December 31, 2022 |  |  | 30,000 |  |  |  | 14,379,698 |
As at January 1, 2023 |  |  | 30,000 |  |  |  | 14,379,698 |
Exchanged ** |  |  | (30,000 | ) |  |  | (14,379,698 | )
Outstanding at December 31, 2023 |  |  | - |  |  |  | - |
| * | As part of the Flip-Up transaction, as mentioned in Note 1, the 150 restricted stock units granted by subsidiary Lifezone Limited in 2021 units were exchanged for 30,000 restricted stock units in Lifezone Holdings in May 2022.
| ** | The final transaction steps of the SPAC Transaction involved the exercise of all outstanding restricted stock units for shares in Lifezone Holdings, before all outstanding shares of Lifezone Holdings were exchanged for shares in Lifezone. On the Closing Date, Lifezone purchased the shares of Lifezone Holdings at a ratio of c. 94:1, translating in 2,819,653 new Lifezone shares.
Schedule of Weighted Average Exercise Price of Share Options |
|  | Share Options |
|  |  |  |  | Weighted |
|  | Units |  |  | price ($) |
Balance at January 1, 2022 |  |  | - |  |  |  | - |
Granted |  |  | 18,054 |  |  |  | 74.58 |
Lapsed |  |  | - |  |  |  | - |
Exercised |  |  | - |  |  |  | - |
Outstanding at 31 December, 2022 |  |  | 18,054 |  |  |  | 74.58 |
Exchanged * |  |  | (18,054 | ) |  |  | (74.58 | )
Outstanding at 31 December, 2023 |  |  | - |  |  |  | - |
Schedule of Monte Carlo Model |
|  | Inputs |
Valuation Date |  | July 6, 2023 |
Stock Price as of Measurement Date / BCA Date |  | $ | 10.32 |
Equity Volatility (Pre BCA) |  |  | n/a |
Equity Volatility (Post BCA) |  |  | 94.0 | %
Risk-Free Rate (5.00 Years) |  |  | 4.28 | %
Schedule of Share Price Earnout Tranches |
Share Price Earnout Tranches |  | Beginning |  | Expiration |  | Share Price Hurdle |
Sale Threshold Price for Tranche 1 - Triggering Event I |  | July 6, 2023 |  | July 6, 2028 |  | $ | 14.00 |
Sale Threshold Price for Tranche 2 - Triggering Event II |  | July 6, 2023 |  | July 6, 2028 |  | $ | 16.00 |
Days Above Threshold Price |  |  |  |  |  |  | 20 |
Days Above Measurement Period |  |  |  |  |  |  | 30 |
Change of Control Provisions |  |  |  |  |  |  | n/a |
Change of Control Date |  |  |  |  |  |  | n/a |
Probability of Change of Control |  |  |  |  |  |  | 0 | %
Schedule of Fair Value of Earnouts Granted |
|  | Share Earnout |  |  | Fair value per Earnout |  |  | Fair value ($) |
Balance as at January 1, 2023 |  |  | - |  |  |  |  |  |  |  | - |
Granted - Lifezone Holdings ($14.00 per Share) |  |  | 12,536,026 |  |  | $ | 9.98 |  |  |  | 125,109,539 |
Granted - Lifezone Holdings ($16.00 per Share) |  |  | 12,536,026 |  |  | $ | 9.84 |  |  |  | 123,354,496 |
Outstanding as at December 31, 2023 |  |  | 25,072,052 |  |  |  |  |  |  |  | 248,464,035 |
|  | Share Earnout |  |  | Fair value per Earnout |  |  | Fair value ($) |
Balance as at January 1, 2023 |  |  | - |  |  |  |  |  |  |  | - |
Granted - Sponsor shareholder ($14.00 per Share) |  |  | 862,500 |  |  | $ | 9.98 |  |  |  | 8,607,750 |
Granted - Sponsor shareholder ($16.00 per Share) |  |  | 862,500 |  |  | $ | 9.84 |  |  |  | 8,487,000 |
Outstanding as at December 31, 2023 |  |  | 1,725,000 |  |  |  |  |  |  |  | 17,094,750 |
Schedule of Classification of Warrants at the Time of Inception |
|  | Inputs |
Valuation Date – date of warrant assumption |  |  | July 5, 2023 |
Unit Issuance Date |  |  | October 21, 2021 |
Announcement Date |  |  | December 13, 2022 |
Business Combination Date |  |  | July 5, 2023 |
Exercise Date |  |  | August 4, 2023 |
Expiration Date |  |  | July 5, 2028 |
First Trading Date |  |  | December 13, 2021 |
Stock Price as of Measurement Date |  | $ | 11.44 |
Strike Price |  | $ | 11.50 |
Risk-Free Rate (5.00 Years) |  |  | 4.16 | %
Redemption Threshold Price |  | $ | 18.00 |
Days Above Threshold Price (Automatic Redemption) |  |  | 20 |
Days Above Measurement Period |  |  | 30 |
Probability of Acquisition |  |  | 100 | %
Schedule of Fair Value of Outstanding Warrants |
|  | Number of Warrants |  |  | Fair value ($) |
Balance as at January 1, 2023 |  |  | - |  |  |  | - |
Public Warrants ($11.50 per warrant) |  |  | 13,800,000 |  |  |  | 14,490,000 |
Exercised |  |  | (76,350 | ) |  |  | (80,168 | )
Outstanding as at December 31, 2023 |  |  | 13,723,650 |  |  |  | 14,409,833 |
The number of warrants and fair value of outstanding Private Warrants as at December 31, 2023, is as follows:
|  | Number of Warrants |  |  | Fair value ($) |
Balance as at January 1, 2023 |  |  | - |  |  |  | - |
Private Warrants ($11.50 per warrant) |  |  | 667,500 |  |  |  | 607,425 |
Outstanding as at December 31, 2023 |  |  | 667,500 |  |  |  | 607,425 |

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