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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