Lifezone Metals rises on Glencore JV announcement

Lifezone Metals

13/12/2023 15:44

** Shares of miner Lifezone Metals  LZM.N  rise 3.3% to
$8.67
    ** Co announces JV with Glencore Plc  GLEN.L  to recycle
platinum, palladium and rhodium in the U.S.
    ** Projected cost for Phase 1 of the project is ~$3 mln, and
$15 mln to $20 mln for Phase 2
    ** Says confirmatory work for Phase 1 has begun in Australia
    ** Including sessions move, stock is down ~17.4% YTD

 (Reporting by Vallari Srivastava)
 ((Srivastava.Vallari@thomsonreuters.com;))