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Loyal Lithium (ASX:LLI) has stated it will use Trump’s declaration of an energy emergency in the U.S. as a catalyst to move past exploring for battery metals in North America.
Well, sort of. The company is going to spin out its sedimentary-hosted Scotty Lithium Project into another ASX-listed entity, but beyond that, the company on Thursday remained focused on its hard rock lithium assets, mentioning both Donald Trump and the upcoming Canadian election.
Still, the company wrote: “Loyal Lithium’s 2025 strategy aims to broaden its North American lithium-led battery minerals and technology business beyond hard rock lithium exploration.”
What that broadening will look like remains a guess for shareholders.
While Loyal spent much of its announcement on Thursday talking about a need to modernise the poles and wires of America’s electrical grid, it noted later such modernisation priorities are a boon where mining operations can get quicker approvals.
Which still sounds a lot like hard rock exploration.
“Loyal Lithium’s impressive collection of North American hard rock lithium assets will be maintained while exploring the emerging North American Ground to Grid opportunity,” the company wrote.
Managing Director Adam Ritchie duplicated these words, though didn’t lend any particular further insight.
“With a strong treasury and an impressive hard rock lithium portfolio, we are well-prepared to seize this North American ground-to-grid opportunity within a once-in-a-lifetime energy transition,” Ritchie said.
LLI last traded at 9cps, notching a jump of 1% in the first hour of trades.
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