Lifezone secures exclusivity agreement for Burundi nickel project

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Lifezone Announces Exclusivity Agreement over the Musongati Nickel Project in Burundi

March 10, 2026 4:24 PM EDT

NEW YORK--(BUSINESS WIRE)-- Lifezone Metals Limited (NYSE: LZM) today announced the official signing of an exclusivity agreement with the Government of Burundi over the globally significant Musongati nickel laterite project, located in Burundi and part of the larger East African Nickel Belt, which also includes Lifezones Kabanga Nickel Project.

The Musongati Nickel Project has been the subject of material exploration and evaluation activities over the last 50 years, and earlier studies indicate the potential to recover copper, cobalt, gold, platinum-group metals, and scandium as by-products. A 2011 study defined a resource of more than 140 million tons,... More