Lifezone Metals Secures $60 Million Bridge Loan to Propel Kabanga Nickel Project in Tanzania

Reuters
2025/09/02
Lifezone Metals Secures $60 Million Bridge Loan to Propel Kabanga Nickel Project in Tanzania

Lifezone Metals Ltd. has announced the closure of a $60 million bridge loan from Taurus Mining Finance to advance its Kabanga Nickel Project, located in north-west Tanzania. The loan aims to support the development of critical early works and infrastructure, as well as accelerate the project finance process following a robust feasibility study released in July 2025. The initial $20 million tranche has already been received, with future disbursements contingent upon meeting specific milestones. Lifezone is also in advanced discussions with major counterparties and investors for potential long-term partnerships and equity investments, while exploring strategic alternatives for the project. The company has engaged Standard Chartered Bank as a financial advisor for both short-term funding and strategic investment processes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lifezone Metals Ltd. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250902021840) on September 02, 2025, and is solely responsible for the information contained therein.

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