Stardust Power signs non-binding offtake letter with Sumitomo for 20,000 mt/yr lithium carbonate

Stardust Power Inc.

Non-binding letter with Sumitomo for 20,000 mt/yr lithium carbonate, potential to 25,000 mt/yr.
Initial term 10 years from first product qualification; Sumitomo has 5-year renewal option.
Pricing based on spot market indices (Fastmarkets or mutually agreed agency).
Prior to battery-grade qualification, Sumitomo would buy technical grade lithium at spot prices.
Definitive agreement subject to negotiation; timeline with milestones to be set.

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