Stardust Power enters into Letter of Intent with institutional investor

Stardust Power (SDST) announced that it has entered into a Letter of Intent with a single institutional investor to support project level financing for its planned lithium refinery in Muskogee, Oklahoma. Under the terms of the LOI, the institutional investor has indicated its intent to invest up to $150 million at the project level, with flexibility across equity, debt, and hybrid financing structures. The investment is expected to be made as we continue to secure funding from other investors, and it will help us develop our long-term capital plans. Structuring the investment at the asset level is expected to reduce dilution for public shareholders while supporting the establishment of a transparent, market-driven valuation for the refinery.