Stardust Power (NASDAQ: SDST) is advancing development of its U.S.-based lithium refinery following a letter of intent supporting up to $150 million in project-level financing. The company says the financing structure is designed to strengthen the project’s valuation while limiting shareholder dilution as construction planning moves forward.
About Stardust Power Inc.
Stardust Power is a developer of battery-grade lithium carbonate designed to bolster America’s energy security through resilient supply chains. The Company plans to build a strategically located lithium refinery in Muskogee, Oklahoma, with the capacity to produce up to 50,000 metric tons of battery-grade lithium carbonate annually. Committed to sustainability at every stage, Stardust Power trades on Nasdaq under the ticker “SDST.”