Stardust Power closes $1.8M note financing, buys OK refinery site, appoints new director

Stardust Power Inc.

$1.8M notes at 15%, maturing Mar 2025; lenders get up to $2.7M in stock (min 360k shares).
Completed purchase of 66-acre site in Muskogee, OK for $1.7M; received stormwater construction permit.
Chandra R. Patel resigned/removed from board; Martyn Buttenshaw appointed by Sponsor as director.
$27M TIF district approved for Muskogee refinery infrastructure; company may claim related cost reductions.
Construction to begin after project financing; refinery to produce up to 50,000 mtpa battery-grade lithium.

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