Funding Announcement: Lifezone Metals Limited's subsidiary, Kabanga Nickel Limited, has secured a $60 million bridge loan from Taurus Mining Finance to advance the Kabanga Nickel Project in Tanzania, facilitating early works and infrastructure development as they seek long-term financing.
Project Overview: The Kabanga Nickel Project is one of the largest high-grade nickel, copper, and cobalt deposits globally, with an 18-year operational life, projected revenues of $14.1 billion, and a low cost structure, aiming for production readiness by mid-2026.
LZM
$3.825+Infinity%1D
Analyst Views on LZM
Wall Street analysts forecast LZM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LZM is 7.50 USD with a low forecast of 7.00 USD and a high forecast of 8.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
Wall Street analysts forecast LZM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LZM is 7.50 USD with a low forecast of 7.00 USD and a high forecast of 8.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 3.870
Low
7.00
Averages
7.50
High
8.00
Current: 3.870
Low
7.00
Averages
7.50
High
8.00
BTIG
Buy
downgrade
$11 -> $7
2025-11-12
Reason
BTIG
Price Target
$11 -> $7
2025-11-12
downgrade
Buy
Reason
BTIG lowered the firm's price target on Lifezone Metals to $7 from $11 and keeps a Buy rating on the shares. The firm cites the company having raised $15M in equity, which was a necessary step to continue to advance their Kabanga Nickel Project to Final Investment Decision, FID, with management expecting FID mid-next year, the analyst tells investors in a research note.
Roth Capital
Buy
downgrade
$14 -> $8
2025-06-15
Reason
Roth Capital
Price Target
$14 -> $8
2025-06-15
downgrade
Buy
Reason
Roth Capital lowered the firm's price target on Lifezone Metals to $8 from $14 and keeps a Buy rating on the shares. The firm says an Initial Assessment on Lifezone's proposed Kabanga Project outlines one of the largest, low-cost, vertically integrated nickel producers, and the most environmentally friendly operation in the world. Polymetallic high grades and regional infrastructure improvements unlocked the project, the analyst tells investors in a research note. Roth believes the net asset value calculated in the initial assessment suggests the company could be carried-to-production.
Roth MKM
Mike Niehuser
Strong Buy
Maintains
$14
2024-12-18
Reason
Roth MKM
Mike Niehuser
Price Target
$14
2024-12-18
Maintains
Strong Buy
Reason
About LZM
Lifezone Metals Limited is a metals company. The Company is focused on creating value across the battery metals supply chain of extraction, processing, and recycling using its Hydromet Technology. The Company’s Kabanga Nickel Project in Tanzania is an undeveloped nickel sulfide deposit. The Project is located in the Ngara district in north-west Tanzania, 44 kilometers south of the town of Ngara, south-east of the nearest town of Bugarama, and close to the border with Burundi. By pairing with its Hydromet Technology, it is working to unlock a new source of LME-grade nickel, copper, and cobalt for the global battery metals markets. Its metals extraction and refining segment of the business consists of its interest in KNL, comprising the Kabanga Nickel Project in Tanzania. Its intellectual property (IP) segment comprises patents residing with and managed by its subsidiary, Lifezone Limited. It is also engaged in a platinum, palladium and rhodium recycling joint venture.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
