other_material
confidence high
sentiment positive
materiality 0.60
Stardust Power signs LOI for up to 15,000 MT/yr lithium chloride feedstock from California brine project
Stardust Power Inc.
- Entered non-binding LOI for supply of up to 15,000 metric tons per annum LCE as lithium chloride from a California brine project.
- Initial deliveries targeted for first half of 2028 to the Muskogee, Oklahoma refinery.
- LOI is non-binding; definitive agreement subject to further due diligence with no certainty of execution.
- Follows completion of FEL-3 engineering study and receipt of air quality permit for Muskogee refinery.
- Stardust Power continues to pursue diversified domestic feedstock sources to support up to 50,000 MT/yr capacity.
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