The drill results come almost two months after Lifezone began trading on the NYSE, following the business combination between Lifezone Holdings and special purpose acquisition company GoGreen Investments.

Almost 200 funds are seeking compensation for losses they allegedly suffered because of Glencore’s "untrue statements" and omissions.

Hyundai plans to buy 50% of nickel it needs for EV batteries through the partnership by 2031 to comply with President Joe Biden’s Inflation Reduction Act.

The blocks are for minerals including nickel, lithium, cobalt and platinum, along with rare earths.

Jakarta recently delayed the issuing of mining quotas and suspended operations at a key site of state miner Aneka Tambang.