Lithium-ion batteries are a critical component of electric vehicles and require significant amounts of lithium, either lithium hydroxide or lithium carbonate. California alone requires that by 2035, 100% of new cars and light trucks sold in the state will be zero emission vehicles. The Californian market is modeled by world markets, which has solidified the global energy transition to electrification.
As COO, Mr. Celano brings over 20 years of executive leadership experience, combining a strong background as a Chief Executive Officer, practicing securities attorney, and a graduate of the prestigious Massachusetts Institute of Technology.
Details
Mr. Buttenshaw brings extensive experience in the metals and mining sector, having held leadership roles at companies such as Mackay Precious Metals Inc. (“Mackay”), Pala Investments, and Atacama Copper Corp. His long track record in driving growth, overseeing strategic initiatives, and leading transformation in the mining and raw materials supply chain, particularly for electric vehicles and renewable energy sectors, will be valuable as Stardust Power aims to scale and innovate in the lithium market.
Details
This key acquisition marks another significant milestone as the Company prepares to commence construction on one of North America’s largest lithium refineries. With the General Permit for Stormwater Discharges from Construction Activities now in place, and subject to finalizing project financing, Stardust Power is now positioned to begin construction.
Details
China’s control of the lithium refining industry has significant implications for the global electric vehicle industry and the transition to a cleaner energy future. As the demand for lithium-ion batteries continues to grow, the ability of China to control the supply and prices of key components like lithium hydroxide can have a significant impact on the cost and availability of electric vehicles.
