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NEW YORK/PERTH, 1 August 2023: Lifezone Metals Limited, a modern metals company operating across the battery metals supply chain, has successfully concluded the acquisition of The Simulus Group Pty Limited, a renowned Perth-based hydrometallurgy laboratory and engineering company. The acquisition marks a strategic move for Lifezone Metals, expanding its capabilities and strengthening its growth strategy.
Strengthening Capabilities for Growth
Lifezone Metals has a longstanding relationship with Simulus Group, having utilized their hydrometallurgical laboratory for various projects, including the Kabanga and Sedibelo projects. The acquisition is seen as a logical step for Lifezone Metals to enhance its efficiency, shorten testing times, and reduce reliance on external laboratories, ultimately controlling costs.
Leveraging Hydromet Technology for Global Expansion
Founder and Chair of Lifezone Metals, Keith Liddell, emphasizes the value of Simulus Group’s technology, lab capabilities, and technical excellence. The integration of these assets into Lifezone Metals’ operations will pave the way for the company to become a global metals powerhouse. Liddell believes that this technology will play a significant role in supporting the decarbonization of the global economy by delivering the necessary battery metals responsibly.
A Step Towards a Sustainable Future
Lifezone Metals’ vision aligns with addressing the climate crisis through responsible metal production and recycling. With the addition of Simulus Group, the company aims to streamline test work and further develop hydromet technology, ultimately reducing emissions associated with battery metal processing and recycling.
Advancing the Mission
Lifezone Metals holds a solid project pipeline, including the Kabanga nickel project and autocatalyst recycling, with plans for further portfolio expansion. The capabilities brought in by the acquisition of Simulus Group will support these projects and future endeavors. The long-term strategy is driven by the company’s mission to develop a sustainable supply chain solution for clean metals.
Conclusion
Lifezone Metals’ acquisition of Simulus Group marks a significant step in the company’s journey towards becoming a global leader in the battery metals supply chain. The incorporation of hydromet technology and lab capabilities will enhance efficiency, accelerate development, and pave the way for responsible and cost-effective metal production. As Lifezone Metals continues to grow and expand its project portfolio, the acquisition of Simulus Group strengthens the company’s position in contributing to a cleaner and sustainable metal industry.
