Lifezone Metals signs MOU with Japanese organization for nickel battery industry

Lifezone Metals signed a Memorandum of Understanding with Japan Organization for Metals and Energy Security – JOGMEC -. This strategic partnership aims to support JOGMEC’s efforts to secure cleaner metals from the Kabanga Nickel Project for the Japanese battery industry. Kabanga is one of the world’s largest and highest-grade undeveloped nickel sulfide deposits with byproduct copper and cobalt. By utilizing Lifezone’s Hydromet technology, the Project is expected to significantly reduce emissions compared to traditional smelting methods. Lifezone will collaborate with JOGMEC to facilitate the supply of metals from Kabanga, through Lifezone’s portion of marketing rights, for Japan’s battery market. The MOU is non-binding and imposes no obligations on either party. JOGMEC is an independent administrative agency of the Japanese government whose mission is to secure a stable and affordable supply of energy and mineral resources to strengthen Japan’s industrial base.