Lifezone Metals Announces Initial Assessment for Kabanga Nickel Project

The latest update is out from Lifezone Metals ( (LZM) ).

On June 2, 2025, Lifezone Metals Limited announced the results of the Initial Assessment for its Kabanga Nickel Project in Tanzania. The assessment outlines a 22-year mine plan with a high-grade nickel sulfide underground mine and a hydrometallurgical refinery. The project is expected to produce significant quantities of nickel, copper, and cobalt, with an after-tax net present value of $2.37 billion and an internal rate of return of 22.9%. This development marks a significant milestone for the company, highlighting the project’s potential for long-term value creation and economic resilience, supported by a partnership with the Tanzanian government.

The most recent analyst rating on (LZM) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Lifezone Metals stock, see the LZM Stock Forecast page.

Spark’s Take on LZM Stock

According to Spark, TipRanks’ AI Analyst, LZM is a Neutral.

Lifezone Metals is facing significant financial struggles, with persistent losses and negative cash flows weighing heavily on its score. While there are some positive short-term technical indicators, the lack of profitability and unattractive valuation metrics further dampen its overall attractiveness.

To see Spark’s full report on LZM stock, click here.

More about Lifezone Metals

Lifezone Metals Limited operates in the mining industry, focusing on the extraction and processing of nickel, copper, and cobalt. The company is involved in the development of the Kabanga Nickel Project in Tanzania, which includes a vertically integrated mining, processing, and refining operation.

Average Trading Volume: 130,970

Technical Sentiment Signal: Sell

Current Market Cap: $315.7M

Find detailed analytics on LZM stock on TipRanks’ Stock Analysis page.