22 March 2024
22 March 2024
The site experienced rainfall this week that surpassed the previous record set in 1974.
Besides, the letter of interest (LOI) is subject to US EXIM completing due diligence and ASM securing all necessary approvals for the project.
The decision aligns with the company’s efforts to reduce costs as the industry faces a surplus of nickel supplies.
Initially, the facility will have a production capacity of 25,000 tonnes (t) per year and will require an investment of around $435m.
KorrAI deploys satellite imagery, integrated with AI and machine learning (ML), to pinpoint undiscovered mineralised zones.
The proceeds are designated for working capital needs at the company's Cosalá Operations and Galena Complex.
The enthusiastic response from existing shareholders and high-net-worth individuals led to an oversubscription of the offer.
Located nearly 340km south-west of the Kabanga deposit, the Kahama Refinery will utilise Lifezone's proprietary Hydromet Technology.
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