Stardust Power expands US lithium supply pipeline for Oklahoma refinery

Stardust Power (NASDAQ: SDST) announced Monday that it has entered into a letter of intent (LOI) for the supply of up to 15,000 metric tons of lithium carbonate equivalent (LCE) per annum in the form of chlorides.

This potential supply represents a key step in securing US-based feedstock for the company’s Muskogee, Oklahoma, refinery as it advances toward construction, Stardust said, referring to the partner only as a “strategic counterparty”.

The LOI relates to a lithium brine project in California and expands the company’s domestic feedstock pipeline, the company added.

Initial deliveries are planned for the beginning of the first quarter of 2028, with feedstock delivered to its Oklahoma facility. The agreement also gives Stardust Power the right to purchase additional volumes at its discretion.

The LOI is part of Stardust Power’s strategy to secure a diversified, scalable lithium chloride supply to support its refining operations.

“Our focus is on aggregating reliable US based feedstock with scalable refining infrastructure in Oklahoma,” CEO Roshan Pujari said in a news release. “As the market continues to evolve to upstream lithium chloride production, we are well positioned to build an American lithium supply chain.”

With multiple feedstock arrangements now in place and underway, Stardust Power continues to strengthen its supply pipeline. This integrated approach is intended to support long-term operational readiness and position the company to meet anticipated demand for domestically refined battery-grade lithium carbonate, it said.

The Oklahoma-based lithium developer also continues to advance its Muskogee refinery. Supported by the completion of front-end engineering study and receipt of its air quality construction permit, the project is positioned to move toward construction and commissioning, the company noted.

With proximity to the Port of Muskogee’s Free Trade Zone and established road, rail and water access, the refinery is designed to deliver scalable refining capacity in support of the growing US energy storage market and energy security, Stardust Power said.