Stardust Power Secures Non-Binding LOI for Lithium Feedstock Supply for Oklahoma Refinery

summarizeSummary

Stardust Power Inc. announced a non-binding Letter of Intent for the supply of up to 15,000 metric tons per annum of lithium chloride for its Muskogee refinery, a key step in securing domestic feedstock.

check_boxKey Events

• Non-Binding Lithium Supply LOI

  Stardust Power Inc. has entered into a Letter of Intent (LOI) with a strategic counterparty for the supply of up to 15,000 metric tons per annum of lithium carbonate equivalent (LCE) in the form of lithium chloride.

• Strategic Feedstock for Muskogee Refinery

  This potential supply is intended to secure U.S.-based feedstock for the Company's Muskogee, Oklahoma refinery, supporting its advancement toward construction and long-term operational readiness.

• Conditional Agreement with Future Deliveries

  The LOI is non-binding and subject to further due diligence and the execution of a definitive agreement, with initial deliveries contemplated to begin in the first half of 2028.

auto_awesomeAnalysis

Stardust Power Inc. has entered into a non-binding Letter of Intent (LOI) for a significant supply of lithium chloride, a crucial feedstock for its planned Muskogee, Oklahoma refinery. This development is important as it addresses a core operational requirement for the company, especially in light of its previously disclosed 'going concern' warning and recent highly dilutive financing efforts. While the LOI is non-binding and subject to a definitive agreement, it signals progress in securing a diversified, U.S.-based supply chain for their battery-grade lithium carbonate production. Investors should monitor the execution of a definitive agreement, as this LOI represents a positive step towards operational viability amidst ongoing financial challenges.