Lifezone, Glencore Partner To Recycle Platinum Group Metals In USA

 


Lifezone Metals (NYSE: LZM) collaborates with Glencore for a USA-based PGM recycling project using Hydromet technology to recover metals from automotive catalytic converters sustainably. Showalter highlights Hydromet's efficacy over traditional methods and its potential for favorable economic returns. Lifezone's Simulus Labs acquisition adds expertise, aiding Kabanga Nickel Project advancement and technology exploration.

Key points:

  • Term sheet signed for a two-phase PGM recycling venture in the USA.
  • Aiming to deliver refined, recycled PGMs profitably.
  • Phase 1 pilot tests in Australia precede a $15-20 million Phase 2 facility producing ~115,000 oz/year of PGMs.
  • Glencore backs Phase 2 financially and manages product marketing.
  • Phase 1 feasibility study determines Phase 2, enhancing scalability.
  • Hydromet drives a sustainable, non-smelting method for PGM recycling.
  • Lifezone emphasizes cleaner metal production and Kabanga Nickel Project's potential global impact, focusing on sustainable battery metals and local economic growth in Tanzania.

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