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Stardust Power (NASDAQ: SDST) has selected Primero USA to complete a front-end loaded level 3 (FEL-3) engineering design and cost study for its lithium refinery in Muskogee, Oklahoma. This definitive engineering study will provide detailed technical specifications and comprehensive cost projections for the refinery, which is expected to produce battery-grade lithium products.
The study, set to conclude by early 2025, will result in a complete 3D engineering model and estimated total costs for construction and machinery. Stardust Power plans to use this information to provide a cost basis for the project and secure financing options. The company's unique strategy involves optimizing the large central refinery for multiple sources of brine input, aiming to build resilient American supply chains.
Usha Resources (TSXV: USHA) (OTCQB: USHAF) has made significant progress across its portfolio:
- White Willow Lithium Pegmatite Project: Discovered spodumene, validating the company's thesis and expanding the project to a 44km strike length.
- Jackpot Lake Lithium Brine property: Entered LOI with Stardust Power for up to 90% interest, receiving US$75,000 for exclusivity.
- Southern Arm Copper-Gold project: Acquired 100% option, preparing for Fall 2024 drill program.
With $2 million in working capital, Usha is well-positioned to advance its projects. The company also closed the first tranche of a private placement, raising $924,999.97 through flow-through shares.
Stardust Power, an American manufacturer of battery-grade lithium products, will ring the opening bell at the Nasdaq Market on July 11, 2024, to celebrate its public listing.
This follows the company's recent merger with Global Partner Acquisition Corp II. Stardust Power's shares and public warrants commenced trading on Nasdaq on July 9, 2024, under the ticker symbols 'SDST' and 'SDSTW', respectively.
Founder and CEO Roshan Pujari highlighted the company's mission to lead in U.S. battery-grade lithium production, emphasizing the importance of domestic lithium supply for national security. The company expects eligibility for up to $257 million in state incentives for its Oklahoma facility and potential federal incentives.
Stardust Power has completed its business combination with Global Partner Acquisition Corp II and will commence trading on Nasdaq under the ticker symbol “SDST” starting July 9, 2024. The shareholders of GPAC II approved this combination in a special meeting on June 27, 2024. Stardust Power, a development-stage American manufacturer of battery-grade lithium products, aims to advance the development of its lithium refinery in Muskogee, Oklahoma, expected to produce up to 50,000 tonnes per annum. The facility intends to use sustainable power sources like solar and wind. This milestone is seen as a significant step towards enhancing America’s energy leadership and building resilient supply chains for critical materials.
Stardust Power Inc. appoints Randal Harris as Director of Construction to lead the construction efforts for their central lithium refinery in Muskogee, Oklahoma. Harris brings over 35 years of industrial construction experience and a strong track record in capital projects. The company aims to become a leading producer of battery-grade lithium products in the U.S., focusing on scaling production and supporting domestic manufacturing for energy independence.
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