Galan Lithium (ASX:GLN) Hombre Muerto West project in Argentina is a potential medium-term target for mergers and acquisitions, with mining giant Rio Tinto Group (ASX:RIO) and South Korean steelmaker Posco Holdings both developing areas of the same basin, Euroz Hartleys said in a Thursday note.
The project is targeting production in early 2026 and is still in the commissioning phase with a small start-up scale, however, successful commissioning presents an opportunity for investors, Euroz Harlteys said.
A key de-risking catalyst is securing full project financing while rising lithium carbonate prices could enhance the project's outlook, Euroz added.
Euroz Hartleys started a speculative buy rating on Galan Lithium at a price target of AU$0.20.
Shares of the mining firm rose past 4% in recent Friday trade.
Price (AUD): $0.13, Change: $+0.0050, Percent Change: +4.17%
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