| Schedule of Reconciliation of Shareholders' Equity Movement |
| | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2026 | | September 30, 2025 | | Number of Shares | | $ | | Number of Shares | | $ | | | | | | | | | | Share capital, as at January 1, | 83,784,305 | | | 8,380 | | | 79,119,572 | | | 7,913 | | | Transactions with shareholders | | | | | | | | | Issue of ordinary shares on exercise of warrants | - | | | - | | | 100 | | | - | | | Cancellation of shares | - | | | - | | | (2,500) | | | - | | | | | | | | | | | Issuance of ordinary shares in connection with the 2026 Offering | 5,700,000 | | 570 | | | - | | - | | | Issuance of ordinary shares on vesting of RSUs | 915,668 | | 91 | | | - | | - | | | Issuance of ordinary shares on exercise of stock options | 10,918 | | 1 | | | - | | - | | | Issue of shares to debenture holders | - | | - | | | 255,369 | | 26 | | | 6,626,586 | | | 662 | | | 252,969 | | | 26 | | | Share capital, ending | 90,410,891 | | | 9,042 | | | 79,372,541 | | | 7,939 | |
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| Schedule of Fair Value of Outstanding Warrants |
At September 30, 2026, outstanding warrants to acquire ordinary shares of Lifezone Metals were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Note | | Number of Warrants | | Exercise Price | | Expiry Date | | Public Warrants | | | | 13,723,550 | | $ | 11.50 | | | July 05, 2028 | | Private Placement Warrants | | | | 667,500 | | $ | 11.50 | | | July 05, 2028 | | Warrants issued as part of senior secured bridge loan facility | | 19.2 | | 2,500,000 | | $ | 5.42 | | | August 08, 2030 | | Warrants issued in connection with the 2025 Offering | | 19.3 | | 4,411,764 | | $ | 4.00 | | | November 12, 2029 | | Additional warrants issued as part of senior secured bridge loan facility | | 19.2 | | 500,000 | | $ | 6.25 | | | June 29, 2031 | | Total | | | | 21,802,814 | | | | |
The change in the number of outstanding warrants is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Public Warrants | | Private Placement Warrants | | Senior Secured Bridge Loan Facility Warrants | | Direct Offering Warrants | | Senior Secured Bridge Loan Facility Additional Warrants | | Balance as at January 1, 2025 | | | | 13,723,650 | | 667,500 | | - | | - | | - | | Exercised | | | | (100) | | | - | | - | | - | | - | | Issued | | | | - | | - | | 2,500,000 | | 4,411,764 | | - | | Outstanding as at December 31, 2025 | | | | 13,723,550 | | 667,500 | | 2,500,000 | | 4,411,764 | | - | | | | | | | | | | | | | | | Issued | | | | - | | - | | - | | - | | 500,000 | | Outstanding as at September 30, 2026 | | | | 13,723,550 | | 667,500 | | 2,500,000 | | 4,411,764 | | 500,000 |
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