Stardust Power enters LOI for 15,000 metric tons per annum of lithium carbonate

Stardust Power (SDST) announced that it has entered into a letter of intent with a strategic counterparty for the supply of up to 15,000 metric tons per annum of lithium carbonate equivalent in the form of lithium chloride. This potential supply represents a key step in securing U.S.-based feedstock for the company’s Muskogee, Oklahoma refinery as it advances toward construction. The LOI relates to a lithium brine project in California and reflects continued progress in expanding the company’s domestic feedstock pipeline. Initial deliveries are contemplated beginning in the first half of 2028, with feedstock delivered to the company’s Oklahoma facility. The agreement would give the right to Stardust Power to purchase additional volumes at its discretion.