Stardust Power secures LOI for up to $150M project-level financing for lithium refinery

Stardust Power Inc.

Non-binding LOI with single institutional investor for up to $150M at project level via equity, debt, or hybrid financing.
Project-level structure intended to reduce dilution for public shareholders and establish market-driven valuation.
Refinery in Muskogee, OK designed for 50,000 metric tons per annum battery-grade lithium carbonate in two phases.
Company has completed FEL-3 engineering study and secured air permit; construction start subject to financing.
LOI is non-binding; parties will proceed with due diligence and negotiation of definitive agreements.

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