other material
confidence high
sentiment positive
materiality 0.75
Stardust Power signs non-binding LOI with Prairie Lithium for 6,000 mt/yr lithium chloride supply
Stardust Power Inc.
- Non-binding LOI with Prairie Lithium for 6,000 metric tons/year of lithium chloride feedstock from Saskatchewan, Canada.
- Feedstock will supply Stardust Power's Muskogee, Oklahoma lithium refinery; initial deliveries expected as early as 2027.
- Agreement has an initial six-year term with two six-year extension options at Stardust Power's discretion (up to 18 years).
- Prairie Lithium's project has up to 17,000 metric tons/year production capacity; deal strengthens financing and de-risks Phase 1.
- Agreement is non-binding, subject to negotiation and execution of a definitive agreement.