
Today we released our 2025 Full Year Results and filed Lifezone’s Annual Report on Form 20-F with the U.S. Securities and Exchange Commission, available on Edgar and the Company’s website.
Ingo Hofmaier, Lifezone Chief Financial Officer commented: “Throughout 2025, we continued to advance the high-grade Kabanga Nickel Project, amid a challenging nickel market, which included the filing of a Feasibility Study with strong economics, raising $60 million from Taurus Mining Finance and $15 million in equity from U.S. investors, demonstrating the quality, scale, and long-term potential of the Kabanga Nickel Project. Our financial discipline has maintained a strong financial position as we progress the project towards key milestones. We ended the year with a cash balance of around $20 million and undrawn funds from Taurus Mining Finance of $40 million.
In addition, we acquired BHP’s minority interest in Kabanga without any immediate cash outlay and meaningfully advanced our project finance efforts, as part of our commitment to ensuring execution readiness for a Final Investment Decision in late 2026.
At the end of 2025, Lifezone had invested over $140 million into the exploration and evaluation of the Kabanga Nickel Project, creating a solid technical foundation for the execution phase along with a much-improved nickel price outlook.”
Full press release: ow.ly/vj4W50Ywiz9
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