Stardust Power Advances $150M Lithium Refinery Financing Strategy

Stardust Power (NASDAQ: SDST) is advancing development of its U.S.-based lithium refinery following a letter of intent supporting up to $150 million in project-level financing. The company says the financing structure is designed to strengthen the project’s valuation while limiting shareholder dilution as construction planning moves forward.

Stardust is also expanding its feedstock sourcing strategy, adding a new 15,000 metric ton per annum lithium supply LOI while building partnerships across the North American critical minerals ecosystem. With permits secured and engineering milestones completed, the company is positioning itself as a key player in the effort to onshore lithium refining and strengthen U.S. energy security.

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