Lifezone Metals, which plans to list in New York this year via a blank-check acquisition deal that values the firm at around US$1 billion, owns the Kabanga nickel and cobalt mine and refinery in north-west Tanzania.
BHP currently holds a minority stake in Kabanga and has an option to raise its interest in the mine to 51% and subsequently become its operator.
The Tanzanian government also holds a minority stake in Kabanga.
Cheers
These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
BHP Price at posting:
$42.82 Sentiment: Hold Disclosure: Held
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