Unique Crypto Strategies
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

Unique Crypto Strategies

Investing

Galan Declines AU$240M Bid for Argentina Projects

by April 4, 2025
April 4, 2025
Galan Declines AU$240M Bid for Argentina Projects

Galan Lithium (ASX:GLN) has rejected a US$150 million (AU$240 million) cash bid from China’s Zhejiang Huayou Cobalt Co and France’s Renault Group to acquire its Hombre Muerto West and Candelas lithium brine projects in Argentina, The West Australian reports.

Described as unsolicited, conditional, and non-binding, the offer from battery materials giant Zhejiang Huayou and EV manufacturer Renault was deemed “opportunistic” and “undervalued,” the report noted.

Galan and its advisors refused the offer, asserting confidence in the long-term value of its flagship Hombre Muerto West project, which is nearing production of 5,400 tonnes per annum (tpa) of lithium carbonate equivalent. They believe the project holds greater potential to deliver superior returns for shareholders.

Read the full study here.

Click here to connect with Galan Lithium (ASX:GLN) for an Investor Presentation

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
Yoon Suk Yeol: The ‘American Pie’-singing conservative dramatically ousted from office
next post
Trump publicly backs France’s far-right figurehead Le Pen after her conviction

You may also like

CLEO Delivers Commercial Development Milestone

Silver47 Exploration: Advancing the “Red Mountain” Silver-Gold Rich...

Finlay Minerals announces the commencement of the 2025...

Web Summit 2025: AI Innovation, Investment Shifts and...

4 Biggest Cybersecurity ETFs in 2025

Presenting on Emerging Growth Conference 81 Day 1...

Top 10 Iron Ore Producing Countries

American Salars Starts Sampling at 100% Owned Brazilian...

Gold Price Drops Over US$100 as US and...

A$3M Placement to Advance High-Impact Workplan for Peru

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Apple reveals complex system of App Store fees to avoid E.U. fine...

    • Rep. Steube slams Senate parliamentarian for gutting Trump’s legislative agenda

    • China resumes seafood imports from some Japan regions

    • DFS Presentation

    • A$4.5M Placement to Underpin Resource Growth Strategy

    Categories

    • Business (525)
    • Investing (2,566)
    • Politics (4,140)
    • Uncategorized (1)
    • World (2,659)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: uniquecryptostrategies.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 uniquecryptostrategies.com | All Rights Reserved


    Back To Top