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Wildcat Resources Expected to Benefit From Lithium Tailwinds, Says Euroz Hartleys, Shares Hit Two-Year High

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-- Wildcat Resources (ASX:WC8) is expected to benefit from lithium tailwinds, helped by the Middle East conflict, according to a Thursday Euroz Hartleys note.

The research firm said that the lithium tailwinds are supported by higher oil prices due to the Middle East conflict, increasing electric vehicle and battery energy storage system (BESS) demand.

Euroz Hartleys added that Wildcat Resources is its preferred stock over PLS Group (ASX:PLS) or Liontown (ASX:LTR) because of its significant leverage to lithium pricing and straightforward development position, with granted mining leases, 80-kimometer proximity to Port Hedland, a conventional flowsheet, and AU$43.5 million in cash.

Euroz Hartkeys maintained a speculative buy rating on Wildcat Resources and raised its price target to AU$1.21 from $0.61.

The company's shares rose 5% in recent Friday trade, hitting a two-year high.

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