“We are proud that we have priced this round of financing with investment from a large institutional investor, representing their support for the Stardust Power story. This financing continues building on our progress towards the FID stage for our large central lithium refinery.” noted Stardust Power Founder and CEO, Roshan Pujari.
Stardust Power officially broke ground on January 22, 2025, on its lithium refinery at the Southside Industrial Park in Muskogee, Oklahoma. Senior officials from Stardust Power, Lieutenant Governor Matt Pinnell, and the Mayor of Muskogee, Patrick Cale, were present at the ceremony, along with other state and local officials.
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.
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.
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.
Stardust Power an American developer of battery-grade lithium products, today announced its results for the third quarter ended September 30, 2024.
Both candidates have pledged their support for mining and recognise the strategic importance of critical minerals for the energy transition and national security.
Stardust Power announced that that it plans to release its third quarter 2024 financial results after market close on Wednesday, November 13, 2024.
MUFG has been engaged to play a crucial role in supporting fundraising and advisory services in connection with the development of the first phase of Stardust Power’s Muskogee, Oklahoma project.
KMX’s unique technology, known as vacuum membrane distillation (“VMD”), uses hydrophobic membranes to separate lithium while creating a high quality water as its byproduct. This process is less costly and potentially less energy-intensive than many competing solutions.