SDST News & Events

Stardust Power announced it has been selected as an industrial partner in a U.S. Department of Energy-funded research program to develop next-generation electrochemical technology for the extraction of lithium from domestic waste streams. The DOE-supported program is focused on extracting lithium from domestic waste streams, including wastewater from oil and gas operations and drainage from legacy coal mines. As part of the initiative, Stardust Power will serve as the end-use industrial partner, evaluating lithium samples produced by the research team against battery-grade specifications and supporting downstream commercialization pathways for potential refining applications.

Stardust Power announced that it has entered into a Letter of Intent with a single institutional investor to support project level financing for its planned lithium refinery in Muskogee, Oklahoma. Under the terms of the LOI, the institutional investor has indicated its intent to invest up to $150 million at the project level, with flexibility across equity, debt, and hybrid financing structures. The investment is expected to be made as we continue to secure funding from other investors, and it will help us develop our long-term capital plans. Structuring the investment at the asset level is expected to reduce dilution for public shareholders while supporting the establishment of a transparent, market-driven valuation for the refinery.

Stardust Power announced that it has entered into a letter of intent with a strategic counterparty for the supply of up to 15,000 metric tons per annum of lithium carbonate equivalent in the form of lithium chloride. This potential supply represents a key step in securing U.S.-based feedstock for the company's Muskogee, Oklahoma refinery as it advances toward construction. The LOI relates to a lithium brine project in California and reflects continued progress in expanding the company's domestic feedstock pipeline. Initial deliveries are contemplated beginning in the first half of 2028, with feedstock delivered to the company's Oklahoma facility. The agreement would give the right to Stardust Power to purchase additional volumes at its discretion.

Stardust Power files $100M mixed securities shelf