Stardust Power Inc (SDST) News & EventsSDSTNews & EventsStardust Power Inc

Stardust Power Signs Letter of Intent with Charge CCCV

Stardust Power announced that it has entered into a letter of intent with Charge CCCV, an American battery technology company, for the supply of battery-grade lithium carbonate from Stardust Power's lithium refinery in Muskogee, Oklahoma. The agreement positions Stardust Power as a supplier to support C4V's growing battery manufacturing joint ventures in the United States. As part of the framework, C4V has provided a preliminary lithium carbonate demand forecast showing a phased approach for the potential offtake of 3,000 MT in 2028; 10,000 MT in 2029 and 20,000 MT by 2030, reflecting the anticipated expansion of its battery manufacturing capacity. The parties will also collaborate on product qualification and alignment with C4V's technical and commercial requirements. The volumes outlined under the agreement provide additional visibility into projected future domestic demand for battery-grade lithium carbonate produced at Stardust Power's Muskogee refinery. More broadly, the demand profile reflects the scale of battery material requirements expected to strengthen as domestic battery manufacturing capacity continues to expand across the United States. The Agreement is non-binding as the Parties work toward final supply volumes, pricing, and delivery schedules that remain subject to negotiation and the execution of the definitive agreement between the parties. This announcement builds on Stardust Power's previously disclosed non-binding letter of agreement with a leading global trading house, to sell up to 25,000 metric tons per year for 10 years with an option to extend an additional five years. Together, these commercial agreements represent a substantial portion of Stardust Power's total planned production capacity and a pipeline of up to billions of dollars in sales, assuming both the current market price of battery-grade lithium carbonate and definitive agreements are consummated.

Stardust Power Selected as Industrial Partner in DOE Lithium Extraction Program

Stardust Power announced it has been selected as an industrial partner in a U.S. Department of Energy-funded research program to develop next-generation electrochemical technology for the extraction of lithium from domestic waste streams. The DOE-supported program is focused on extracting lithium from domestic waste streams, including wastewater from oil and gas operations and drainage from legacy coal mines. As part of the initiative, Stardust Power will serve as the end-use industrial partner, evaluating lithium samples produced by the research team against battery-grade specifications and supporting downstream commercialization pathways for potential refining applications.

Stardust Power Signs LOI for $150 Million Financing with Investor

Stardust Power 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.