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Stock impact report

Stardust Power Engages MUFG as Lead Financial Advisor for Its Battery-Grade Lithium Refinery in Oklahoma

Stardust Power Inc. (SDST) 
Company Research Source: GlobeNewswire
GREENWICH, Conn., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Stardust Power Inc. (NASDAQ: SDST) (“Stardust Power” or the “Company”), an American developer of battery-grade lithium products, announced that it has engaged MUFG Bank, Ltd. (“MUFG”) as lead financial advisor in relation to the Company’s development of one of the largest battery-grade lithium refining facilities in the United States. MUFG has been engaged to play a crucial role in supporting fundraising and advisory services in connection with the development of the first phase of Stardust Power’s Muskogee, Oklahoma project. The Company expects that the initial facility build-out will focus on establishing a phase one capacity of 25,000 metric tons per annum of battery-grade lithium carbonate. The completion of the first phase of the project will establish Stardust Power as one of the largest battery-grade lithium refineries in the United States. Development of a second phase is expected to double total annual production up to 50 Show less Read more
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