Roth MKM keeps a Buy rating and a $14 price target on Lifezone Metals. The company’s Kabanga Nickel Project in Tanzania may be one of the most important critical metal projects under development as it is supported by aligned nations securing a reliable supply of critical metals, the analyst tells investors in a research note. Kabanga’s high-grade nickel, along with the company’s Hydromet Technology that allows in-country refining, makes it one of the lowest-cost and lowest-environmental impact nickel projects under development, and its anticipated milestones in the near term should drive a positive rerating in the stock, the firm added.
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