Stardust Power Secures Up to $150M Investment for Oklahoma Lithium Refinery

Apr 20, 2026

Stardust Power (NASDAQ: SDST) has entered into a letter of intent with an institutional investor for up to $150 million in project-level financing for its planned lithium refinery in Muskogee, Oklahoma. The flexible investment structure includes equity, debt, and hybrid options to support long-term capital planning.

By structuring funding at the asset level, the company aims to reduce shareholder dilution while advancing construction and establishing a transparent, market-driven valuation for the refinery. The agreement marks a significant step forward in building a domestic lithium supply chain.

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