Risk Analysis Strategy
  • Stock
  • Business
  • Politics
  • Investing
Investing

Strategic Consolidation of Hidden Lake and Board Changes

by admin December 13, 2024
December 13, 2024

Loyal Lithium Limited (ASX:LLI) (Loyal Lithium, LLI, or the Company) is pleased to announce the execution of a definitive agreement for the consolidation of the Hidden Lake Lithium Project, with Patriot Battery Metals (ASX:PMT) becoming a substantial LLI shareholder. Mr. Blair Way, Non- Executive Director and former President & CEO of Patriot Battery Metals, will join the Loyal Lithium Board of Directors, bringing valuable regional and industry expertise to guide the company’s growth initiatives. The consolidation of the Hidden Lake Lithium Project provides Loyal Lithium with greater flexibility and optionality to deploy innovative exploration and development solutions.

Highlights

  • Loyal Lithium is pleased to announce the execution of a definitive agreement for the consolidation of the Hidden Lake Lithium Project, with Patriot Battery Metals (ASX:PMT) becoming a substantial Loyal Lithium shareholder.
  • Mr. Blair Way, Non-Executive Director and former President & CEO of Patriot Battery Metals, will join the Loyal Lithium Board of Directors, bringing valuable regional and industry expertise to guide the company’s growth initiatives.
  • The consolidation of the Hidden Lake Lithium Project provides Loyal Lithium with greater
  • flexibility and optionality to deploy innovative exploration and development solutions.
  • Loyal Lithium’s 100% owned Hidden Lake Lithium Project is strategically located 65 km from the mining city of Yellowknife, NWT. It is positioned between LIFT Power (TSXV:LIFT), which has a regional MRE1 of 50.4 Mt @ 1.0% Li2O, and the all-weather Highway 4.
  • Mr. Way is an experienced international executive with over 30 years of management experience within the resources and construction industry throughout Australasia, Canada, the United States, and Europe.
  • With $6.0 million in funding2, Loyal Lithium is well positioned to advance its promising Canadian lithium assets for the maturing North American lithium market.

Loyal Lithium’s 100% owned Hidden Lake Lithium Project is strategically located 65 km from the mining city of Yellowknife, NWT. It is positioned between LIFT Power (TSXV:LIFT), which has a regional MRE1 of 50.4 Mt @ 1.0% Li20, and the all-weather Highway 4.

Mr. Way is an experienced international executive with over 30 years of management experience in the resources and construction industry across Australasia, Canada, the United States, and Lurope. As President & CEO of Patriot Battery Metals, Mr. Way was integral in growing the company through the successful exploration and consolidation of the largest lithium deposit in North America, the Shaakichiuwaanaan Project (formerly Corvette). With $6.0 million in funding, Loyal Lithium is well positioned to advance its promising Canadian lithium assets for the maturing North American lithium market.

Commenting on the consolidation agreement and appointment of Mr. Blair Way, Loyal Lithium Managing Director, Mr Adam Ritchie, said:

‘We are thrilled to welcome Blair to the Loyal Lithium Board. His extensive regional and industry expertise will be invaluable as we drive the company’s growth initiatives. Blair’s proven track record with Patriot Battery Metals speaks for itself and demonstrates his unique ability to advance projects and create shareholder value.’

‘The consolidation of the Hidden Lake Lithium Project enables us to actively explore emerging opportunities for innovative solutions in Canadian critical mineral mines. The Hidden Lake Lithium Project, located along a highway, features unique geology and mineralogy that could deliver meaningful economic and social benefits to the region.’

‘I look forward to working closely with Blair to execute our 2025 strategic plan and advance both our Hidden Lake project and the Trieste Lithium Project in Quebec.’

Commenting on his appointment, Loyal Lithium Non Executive Director, Mr Blair Way, said:

‘It has been a pleasure working with Adam and the Loyal Lithium team over the last 18 months. The team has done a great job in advancing their Canadian hard rock lithium assets, achieving significant milestones to date.

The long-term source of North America’s lithium is becoming increasingly clear with several Quebec-based world-class hard rock assets now defined. The Trieste Greenstone Belt demonstrates significant potential, showing early-stage characteristics similar to those seen by Patriot Battery Metals at Shaakichiuwaanaan.

The collaboration potential of the Trieste Greenstone Belt is the key to unlocking value for all, contributing to the sustainable development of the lithium industry. I look forward to working with the Loyal Lithium team to realise this potential and further advancing Loyal’s assets.

THE HIDDEN LAKE LITHIUM PROJECT CONSOLIDATION AGREEMENT

The Hidden Lake Lithium Project was initially structured as a 60% Loyal Lithium and 40% Patriot Battery Metals joint venture. The parties involved have now agreed to divest Patriot Battery Metals’ minority 40% holding in exchange for shares in Loyal Lithium.

Click here for the full ASX Release

This post appeared first on investingnews.com

previous post
WGC: Gold to Face Complex Drivers in 2025, Price Likely to Cool After Record-Breaking Year
next post
PROSPECT RIDGE RESOURCES CONFIRMS ARRANGEMENTS RELATING TO ANNUAL GENERAL MEETING

Related Posts

CoTec Holdings Corp. Announces Second Closing of Life...

July 4, 2025

Hempalta Secures 90-Day FCC Forbearance Extension as Company...

July 4, 2025

Sun Summit Minerals: Advancing District-scale Gold and Copper...

July 3, 2025

Pinnacle Changes OTC Ticker Symbol to PSGCF

July 3, 2025

Group Eleven Drills Best Hole Yet at Ballywire:...

July 2, 2025

Blue Sky Uranium Acquires Key Subsurface Data for...

July 2, 2025

South Harz Potash: A Globally Significant European Potash...

July 1, 2025

Equity Metals: Advancing High-grade, District-scale Silver and Gold...

July 1, 2025

Nuvau Announces Voting Results of Its Annual and...

June 30, 2025

Crypto Market Recap: Metaplanet Buys 1,005 Bitcoin, Plans...

June 30, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


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

    Stock News

    • Money’s Not Leaving the Market — It’s Rotating!

      July 4, 2025
    • From Oversold to Opportunity: Small Caps on the Move

      July 4, 2025
    • Missed Disney’s Rally? Grab This Defined-Risk Put Spread for a Second Chance

      July 3, 2025
    • Should You Buy Roblox Stock Now? Key Levels to Watch

      July 3, 2025
    • S&P 500 Earnings for 2025 Q1 — Still Overvalued

      July 2, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions


    Copyright © 2025 RiskAnalysisStrategy.com All Rights Reserved.

    Risk Analysis Strategy
    • Stock
    • Business
    • Politics
    • Investing