Lifezone Metals Acquires BHP's 17% Stake in Kabanga Nickel Limited

July 18, 2025

Lifezone Metals has acquired BHP Billiton (UK) DDS Limited’s 17% equity stake in Kabanga Nickel Limited (KNL), giving Lifezone 100% ownership of KNL and full control of offtake from the Kabanga Nickel Project in northwestern Tanzania. The deal includes deferred and contingent cash payments (capped at $83 million, or $75 million if a RAP Trigger Event occurs) and terminates prior agreements with BHP as Lifezone advances the project toward a Final Investment Decision.

Buyers
Lifezone Metals Limited
Targets
Kabanga Nickel Limited (KNL)
Sellers
BHP Billiton (UK) DDS Limited
Industry
Energy
Location
Kagera Region, Tanzania
Transaction Type
Buyout

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