Lifezone Metals Limited announced that its wholly-owned subsidiary, Kabanga Nickel Limited, has entered into a $60 million bridge loan facility agreement. The loan was secured with Taurus Mining Finance Fund No. 2, L.P., a leading global provider of structured finance to the mining sector.
This bridge loan facility is specifically designed to support the advancement of the Kabanga Nickel Project, located in northwest Tanzania. The funds are earmarked for critical early works and infrastructure development.
The securing of this financing is crucial for maintaining momentum on the Kabanga project, ensuring that key preparatory activities can proceed as planned and mitigating immediate funding risks.
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