Lifezone Metals Limited announced it has completed a definitive agreement with BHP Billiton (UK) DDS Limited to acquire BHP's 17% equity interest in Kabanga Nickel Limited (KNL). This transaction consolidates Lifezone's control over the world-class Kabanga Nickel-Copper-Cobalt Sulfide Project.
As a result of this acquisition, Lifezone Metals now owns 100% of KNL, which in turn holds an 84% interest in Tembo Nickel Corporation Limited (TNCL), the Tanzanian operating company for the project. The remaining 16% of TNCL is held by the Government of Tanzania.
This consolidation grants Lifezone Metals full control of the offtake from the Kabanga project, providing complete strategic and operational oversight. This move is expected to streamline project development and maximize the company's share of future revenues.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.