Lifezone Metals Secures $60 Million Bridge Loan to Propel Kabanga Nickel Project in Tanzania
Reuters
Sep 02, 2025
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.
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