Stardust Power Secures Exclusivity to Negotiate Licensing Arrangement for Lithium Brine Concentration Technology from KMX Technologies
Stardust Power Inc. (SDST)
Company Research
Source: GlobeNewswire
GREENWICH, Conn., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Stardust Power Inc. (NASDAQ: SDST) (“Stardust Power” or the “Company”), an American developer of battery-grade lithium products, and KMX Technologies, Inc. (“KMX”) announced that it has entered into a 90-day exclusivity period during which Stardust Power and KMX will negotiate the terms and conditions related to Stardust Power’s exclusive use of lithium brine concentration technology from KMX (the “Licensing Arrangement”). The transaction is subject to the negotiation and execution of definitive documentation and the parties’ mutual board approvals. This important technology would allow Stardust Power to potentially lower operating costs and capital expenditures across its supply chain, including at its 50,000 metric tons per annum battery-grade lithium refinery under development in Muskogee, Oklahoma, while also potentially reducing the energy and carbon intensity of the refining process. A definitive agreement could give Stardus
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SDST
News
- Stardust Power Welcomes Paramita Das as Chief Strategy Officer and Senior Advisor to Chief ExecutiveGlobeNewswire
- Stardust Power Names Johanna Gonzalez as Director of Investor Relations and CommunicationsGlobeNewswire
- Stardust Power Selects Primero USA to complete Definitive Engineering StudyGlobeNewswire
- Usha Resources Makes Discovery at the White Willow Project, Prepares for Drilling at the Southern Arm Copper-Gold VMS PropertyPR Newswire
- Usha Resources Congratulates Stardust Power on NASDAQ Listing, Provides Update on LOI to Sell Up to 90% of the Jackpot Lake Project for Total Consideration of up to US$26,025,000 [Yahoo! Finance]Yahoo! Finance
SDST
Sec Filings
- 10/17/24 - Form D
- 10/8/24 - Form S-1
- 10/7/24 - Form 8-K
- SDST's page on the SEC website