Lifezone Metals (NYSE: LZM) closes $60M Kabanga bridge facility

Rhea-AI Filing Summary

Lifezone Metals Limited reports that its indirect wholly owned subsidiary Kabanga Nickel Limited has closed a $60 million secured bridge loan facility with Taurus Mining Finance Fund No. 2, L.P. to support the Kabanga Nickel Project in northwest Tanzania. The company has made an initial draw-down of $20 million after satisfying the conditions precedent for the first funding. The funds are intended to pay for critical early works and infrastructure development at the project and to support the acceleration of the project finance process following the release of favorable feasibility study economics on July 18 of this year.

Insights

Mining project finance analyst

$60M bridge loan funds early Kabanga Nickel work

Lifezone Metals, through Kabanga Nickel Limited, has secured a $60 million secured bridge loan from Taurus to advance the Kabanga Nickel Project in northwest Tanzania. An initial $20 million has already been drawn after meeting conditions precedent, indicating the lender’s requirements for first disbursement have been met.

The funding is earmarked for critical early works and infrastructure, which are typically necessary to keep a large mining project on schedule and to de-risk later construction phases. The company also states that the facility will support acceleration of the project finance process following favorable feasibility study economics released on July 18, linking this financing step to the transition toward long-term funding.

This development provides near-term liquidity specifically for Kabanga’s early-stage needs and formalizes a relationship with a specialist mining finance provider. Subsequent disclosures about further draw-downs under the $60 million facility and progress on long-term project financing will clarify how this bridge loan fits into the overall capital structure for the Kabanga Nickel Project.

Form 6-K: How Foreign Companies Report to the SEC →

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of September 2025

Commission File Number: 001-41737

Lifezone Metals Limited

2nd Floor, St George’s Court,

Upper Church Street,

Douglas, Isle of Man, IM1 1EE

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒          Form 40- F ☐

EXPLANATORY NOTE

On August 11, 2025, Lifezone Metals Limited (the “Company”) announced that its indirect wholly-owned subsidiary, Kabanga Nickel Limited (the “Borrower”), entered into a $60 million secured bridge loan facility agreement (the “Bridge Loan Facility Agreement”) with Taurus Mining Finance Fund No. 2, L.P. (“Taurus”), a leading global provider of structured finance to the mining sector.

The bridge loan is intended to support advancement of the Kabanga Nickel Project, located in northwest Tanzania, by funding the development of critical early works and infrastructure development as the Company moves toward securing long-term project financing.

The Company today announced that Kabanga Nickel Limited has closed the $60 million bridge loan facility agreement with Taurus and made an initial draw-down of $20 million, having satisfied the conditions precedent required for the first drawdown of funds under the facility. The funds drawn under the facility will support the advancement of the Kabanga Nickel Project, located in north-west Tanzania, by funding the development of critical early works and infrastructure development.

The funds will also support the acceleration of the project finance process for the Kabanga Nickel Project, after the release of favorable feasibility study economics on July 18, this year.

A copy of that press release is furnished as Exhibit 99.1 to this report on Form 6-K.

The information in this Form 6-K attached Exhibits 99.2 shall be deemed to be incorporated by reference into the Company’s registration statements on Form F-3 (File Nos. 333-272865, 333-281189 and 333-289809) and Form S-8 (File No. 333-274449) and the related prospectuses, respectively as such registration statements and prospectuses may be amended from time to time, and to be a part thereof from the date on which this report is filed, to the extent not superseded by documents or reports subsequently filed or furnished.

Exhibit Index

Exhibit		Description of Exhibit
99.1		Press Release of the Company dated September 2, 2025.

1

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	LIFEZONE METALS LIMITED
Date: September 2, 2025	By:	/s/ Chris Showalter
	Name:	Chris Showalter
	Title:	Chief Executive Officer

2

FAQ

What financing did Lifezone Metals (LZM) secure for the Kabanga Nickel Project?

Lifezone Metals’ indirect wholly owned subsidiary Kabanga Nickel Limited entered into a $60 million secured bridge loan facility with Taurus Mining Finance Fund No. 2, L.P. to support the Kabanga Nickel Project in northwest Tanzania.

How much has been drawn so far from Lifezone Metals $60 million bridge loan?

Kabanga Nickel Limited has made an initial draw-down of $20 million under the $60 million secured bridge loan facility after satisfying the conditions precedent for the first funding.

What will the bridge loan funds be used for at Lifezone Metals Kabanga Nickel Project?

The funds will be used to advance the Kabanga Nickel Project by financing critical early works and infrastructure development and to help accelerate the project finance process following favorable feasibility study economics released on July 18.

Who is providing the $60 million bridge loan to Lifezone Metals subsidiary?

The bridge loan is provided by Taurus Mining Finance Fund No. 2, L.P., described as a leading global provider of structured finance to the mining sector.

Is the Lifezone Metals bridge loan related to any existing registration statements?

Information in this report, including attached exhibits, is stated to be incorporated by reference into Lifezone Metals registration statements on Form F-3 (File Nos. 333-272865, 333-281189 and 333-289809) and Form S-8 (File No. 333-274449).