Lifezone Metals’ subsidiary, Kabanga Nickel, secures a $60m bridge loan from Taurus Mining Finance Fund No. 2 for infrastructure development in Tanzania. The loan carries 9.25% interest, with quarterly payments and fees, supporting the transition to the final investment decision in mid-2026.

The loan includes a security interest in Kabanga Nickel shares and other assets. Lifezone Metals issues 2.5 million warrants to Taurus, with a five-year expiry and $5.42 exercise price. The loan has standard conditions, maturing on July 31, 2027, with an extension option.

Lifezone Metals amends terms with debenture holders and acquires full ownership of Kabanga Nickel. The project is one of the world’s largest nickel, copper, and cobalt sulphide deposits, with an 18-year mine life and significant concentrate output. The acquisition enhances Lifezone’s strategic position in the mining industry.

Read more at Yahoo Finance: Lifezone Metals secures $60m bridge loan for Tanzania nickel project