Lifezone Metals Secures $60 Million Bridge Loan from Taurus Mining Finance to Advance Kabanga Nickel Project

Reuters

Aug 11, 2025

Lifezone Metals Secures $60 Million Bridge Loan from Taurus Mining Finance to Advance Kabanga Nickel Project

Lifezone Metals Ltd., through its wholly-owned subsidiary Kabanga Nickel Limited, has secured a $60 million bridge loan facility from Taurus Mining Finance Fund No. 2, L.P. The loan is intended to advance the Kabanga Nickel Project in north-west Tanzania by funding critical early works and infrastructure development. The loan bears an interest rate of 9.25% per annum on drawn amounts, payable quarterly, and involves an arrangement fee and commitment fee on undrawn amounts. The loan is secured by Lifezone's interest in Kabanga Nickel Limited and other related assets. The facility has a maturity date of July 31, 2027, with an extension option. This financing is part of Lifezone's strategy to progress the Kabanga Nickel Project toward production, bridging the period until a Final Investment Decision expected in mid-2026. CEO Chris Showalter highlighted the importance of the loan in maintaining project momentum and the strategic partnership with Taurus.

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: 20250730649010) on August 11, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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