Lifezone Metals initiated with a Buy at Roth MKM

Roth MKM analyst Mike Niehuser initiated coverage of Lifezone Metals with a Buy rating and $14 price target. The Kabanga nickel project has one of the largest and highest-grade nickel sulphide deposits in the world, the analyst tells investors in a research note. The firm believes the project could have a mine life of over 30 years and meet increasing demand for electric vehicle batteries. It points out that Lifezone owns 40% of the marketing rights to the mine’s output.