BTIG analyst Gregory Lewis initiated coverage of Lifezone Metals with a Buy rating and $14 price target. The company is an upstart miner with a “Tier 1” nickel resource, which has already received a $100M equity investment from BHP, the analyst tells investors in a research note. The firm expects the company to explore licensing opportunities to other miners longer term for its hydromet technology. It thinks Lifezone will carve out a niche solution for the clean battery metals supply chain.
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