Loyal Metals Limited (VY9)
XFRA XFRA Primary 
ASX Summary
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Loyal Metals Limited Profile
| Metals & Mining Industry | Materials Sector | Mr. Peretz Schapiro B.Com. CEO | XFRA Exchange | - ISIN |
| AU Country | - Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
Loyal Lithium Limited is a forward-thinking lithium and battery minerals company, making its mark in the burgeoning field of battery technology through its substantial lithium projects. Initially known as Monger Gold Ltd., the company underwent a rebranding to align its identity more closely with its lithium-centric business model. Founded in 2020 and headquartered in Peppermint Grove, Australia, Loyal Lithium has strategically positioned itself within the James Bay Lithium District in Quebec and near key logistics hubs in Nevada, United States, underscoring its ambitions in both the exploration and development sectors of the industry.
Products and Services
- Brisk and Trieste Lithium Projects:
- Scotty Lithium Project:
These projects represent Loyal Lithium’s ventures in Quebec's reputable James Bay Lithium District. The company aims to tap into the rich lithium reserves in this area to supply the growing demand for lithium, which is a critical component in batteries for electric vehicles and various electronic devices. The strategic location of these projects allows Loyal Lithium to explore and potentially extract lithium assets efficiently.
Located strategically 189 km northwest of Las Vegas and 517 km from Reno, Nevada, the Scotty Lithium Project showcases Loyal Lithium’s footprint in the United States. This project is emblematic of the company’s aim to capitalize on the United States' growing demand for lithium, necessitated by the country's push towards electric vehicles and renewable energy sources. The proximity to major urban centers is a logistical advantage, potentially facilitating smoother operations from extraction to distribution.
