In March 2011, Gorham told Billboard.com that Thin Lizzy may record a new album in the future, saying, "That's the No. 1 question we're getting from people – are we gonna record some new material? The fans seem to trust this line-up, and I don't blame them. We've kind of jumped this emotional hurdle together. Ricky's writing some fucking killer lyrics, and with the kind of talent that's in Thin Lizzy now I think we can pull off a really cool set of tunes. At least it's something that we can think about now, where before it wasn't on the table." On 25 June 2012, Thin Lizzy were in the studio recording new material, although it was not clear how many songs would be recorded or released.
On 10 October 2012, Thin Lizzy announced that the new material would not be released under the Thin Lizzy name, but would be released under a different name in due course. According to Gorham, this was "out of respect to Phil Lynott and the legacy he created", though he confirmed that the new material would feature the classic Thin Lizzy sound. Ricky Warwick announced that the group would cease regular touring as Thin Lizzy at the end of 2012, but that this did not necessarily mean they would never play as Thin Lizzy again.
On 20 December 2012, Gorham revealed that the new material would be recorded under the name of Black Star Riders, and that Downey and Wharton had chosen not to participate in the new band project. Downey had decided to take a break from touring, and Wharton would be working on his own band Dare, and a film project. In March 2013, the band toured Australia under the Thin Lizzy name, with Downey and Wharton, as the opening act on a triple bill with Mötley Crüe and Kiss. Gorham stressed that Thin Lizzy would still perform together occasionally: "We'll still go out as Thin Lizzy. There are still certain big festivals that we will do. Thin Lizzy is still on the horizon, we will still go out and do that but in the meantime we have Black Star Riders that we are going to concentrate on also."