Lifezone Metals Closes $60 Million Bridge Loan, Initiates First Drawdown for Kabanga Project

LZM
November 01, 2025

Lifezone Metals Limited announced that its wholly-owned subsidiary, Kabanga Nickel Limited, has officially closed the $60 million bridge loan facility agreement with Taurus Mining Finance Fund No. 2, L.P. This follows the initial agreement secured in August 2025.

The company confirmed that it has satisfied all conditions precedent required for the first drawdown of funds. An initial $20 million has been drawn from the facility.

These funds are being deployed to finance critical early works and infrastructure development for the Kabanga Nickel Project. The closing and initial drawdown ensure that essential project activities can proceed without delay.

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