Lifezone Metals shares surge 10.25% intraday as Kabanga Nickel Project advances toward 2026 final investment decision.

Lifezone Metals surged 10.25% intraday after announcing significant progress on its Kabanga Nickel Project in Tanzania, including a $75 million capital raise, commencement of execution readiness activities, and alignment with U.S. government agencies for project finance. The company reiterated its 2026 Final Investment Decision (FID) timeline, highlighted robust project economics (23.3% IRR, $1.58B NPV), and emphasized infrastructure advancements, regulatory compliance, and stakeholder engagement. Upcoming catalysts, including pre-Mining Indaba site visits and multi-source financing discussions, further reinforced investor confidence in the project’s strategic value as a high-grade, low-cost nickel asset.