In light of the dynamics of the lithium ion space, Stardust Power’s strategy is to become a leading producer of battery-grade lithium products in America. The Company believes that designing a large central refinery, which is optimized for multiple inputs of brine lithium feedstock provides an opportunity to scale production.

The Company intends to incorporate ESG considerations at each level of operations. This includes sourcing feedstock from brines over hard rock, the use of sustainable energy in the refinery process, limiting air emissions, and use of zero liquid discharge (“ZLD”) technologies, among others.

Refinery

Stardust Power is developing a large central refinery in a phased approach. The first phase is the construction of an up to 25,000 tonnes per annum production line. The second phase is to add a second production line of up to 25,000 tons per annum to create a total capacity of up to 50,000 tons per annum.

The Site

Stardust Power has secured approximately 66 acres in Southside Industrial Park within Port Muskogee, Oklahoma with access to highway, rail service, and the largest inland waterway in the U.S.

Government Incentives

In February 2023, Stardust Power LLC received an illustrative incentive analysis for up to $257 million in performance-based incentives from the State of Oklahoma (covering Phase 1 and 2) and potential federal incentives, which analysis may also be further eligible for federal grants.