Stardust Power Announces Exclusive Licensing Agreement for Lithium Brine Concentration Technology from KMX Technologies
Stardust Power (NASDAQ: SDST) has finalized an exclusive licensing agreement with KMX Technologies for their vacuum membrane distillation (VMD) technology for lithium extraction and concentration. The agreement covers the United States, Canada, and select international markets.
The technology will be integrated into Stardust Power's hub and spoke refinery model, particularly supporting their lithium refinery under development in Muskogee, Oklahoma, which has a planned capacity of up to 50,000 metric tons per annum. KMX's VMD technology enables efficient lithium concentration from brine sources with minimal losses while producing high-quality water as a byproduct, reducing reliance on local freshwater resources.
The implementation aims to reduce energy consumption, water usage, and operating costs across the supply chain, while strengthening the U.S. critical mineral supply chain.
Stardust Power (NASDAQ: SDST) ha finalizzato un accordo di licenza esclusivo con KMX Technologies per la loro tecnologia di distillazione a membrane vaccum (VMD) per l'estrazione e la concentrazione del litio. L'accordo copre gli Stati Uniti, il Canada e alcuni mercati internazionali selezionati.
La tecnologia sarà integrata nel modello di raffineria a hub e spoke di Stardust Power, supportando in particolare la loro raffineria di litio in fase di sviluppo a Muskogee, Oklahoma, che ha una capacità programmata di fino a 50.000 tonnellate metriche all'anno. La tecnologia VMD di KMX consente una concentrazione efficiente del litio da fonti di brina con perdite minime, producendo al contempo acqua di alta qualità come sottoprodotto, riducendo così la dipendenza dalle risorse idriche locali.
L'implementazione mira a ridurre il consumo energetico, l'uso dell'acqua e i costi operativi lungo la catena di approvvigionamento, rafforzando al contempo la catena di approvvigionamento di minerali critici negli Stati Uniti.
Stardust Power (NASDAQ: SDST) ha finalizado un acuerdo de licencia exclusivo con KMX Technologies para su tecnología de destilación de membrana al vacío (VMD) para la extracción y concentración de litio. El acuerdo cubre Estados Unidos, Canadá y ciertos mercados internacionales seleccionados.
La tecnología se integrará en el modelo de refinería de hub y spoke de Stardust Power, apoyando especialmente su refinería de litio en desarrollo en Muskogee, Oklahoma, que tiene una capacidad planificada de hasta 50,000 toneladas métricas por año. La tecnología VMD de KMX permite una concentración eficiente de litio a partir de fuentes de salmueras con pérdidas mínimas, al mismo tiempo que produce agua de alta calidad como subproducto, reduciendo la dependencia de los recursos de agua dulce locales.
La implementación tiene como objetivo reducir el consumo de energía, el uso de agua y los costos operativos a lo largo de la cadena de suministro, mientras fortalece la cadena de suministro de minerales críticos en EE. UU.
Stardust Power (NASDAQ: SDST)는 리튬 추출 및 농축을 위한 진공막 증류(VMD) 기술에 대한 KMX Technologies와 독점 라이센스 계약을 체결했습니다. 이 계약은 미국, 캐나다 및 일부 국제 시장을 포함합니다.
이 기술은 Stardust Power의 허브 및 스포크 정제소 모델에 통합되며, 특히 오클라호마주 머스코기에서 개발 중인 리튬 정제소를 지원합니다. 이 정제소는 연간 최대 50,000 미터 톤의 용량을 계획하고 있습니다. KMX의 VMD 기술은 소금물 소스에서 리튬 농축을 효율적으로 수행하며, 손실을 최소화하고 높은 품질의 물을 부산물로 생성하여 지역 담수 자원에 대한 의존도를 줄입니다.
이 구현은 공급망 전반에 걸쳐 에너지 소비, 물 사용 및 운영 비용을 줄이는 것을 목표로 하며, 미국의 중요 광물 공급망을 강화하는 데 기여합니다.
Stardust Power (NASDAQ: SDST) a finalisé un accord de licence exclusif avec KMX Technologies pour leur technologie de distillation à membrane sous vide (VMD) pour l'extraction et la concentration du lithium. L'accord couvre les États-Unis, le Canada et certains marchés internationaux sélectionnés.
La technologie sera intégrée dans le modèle de raffinerie de hub et spoke de Stardust Power, soutenant en particulier leur raffinerie de lithium en cours de développement à Muskogee, Oklahoma, qui a une capacité prévue allant jusqu'à 50 000 tonnes métriques par an. La technologie VMD de KMX permet une concentration efficace du lithium à partir de sources de saumure avec des pertes minimales, tout en produisant de l'eau de haute qualité comme sous-produit, réduisant ainsi la dépendance aux ressources en eau douce locales.
L'implémentation vise à réduire la consommation d'énergie, l'utilisation de l'eau et les coûts d'exploitation tout au long de la chaîne d'approvisionnement, tout en renforçant la chaîne d'approvisionnement en minéraux critiques aux États-Unis.
Stardust Power (NASDAQ: SDST) hat einen exklusiven Lizenzvertrag mit KMX Technologies für deren Vakuum-Membran-Destillation (VMD) Technologie zur Lithium-Extraktion und -Konzentration abgeschlossen. Der Vertrag umfasst die Vereinigten Staaten, Kanada und ausgewählte internationale Märkte.
Die Technologie wird in das Hub-and-Spoke-Raffineriemodell von Stardust Power integriert, insbesondere zur Unterstützung ihrer in Entwicklung befindlichen Lithiumraffinerie in Muskogee, Oklahoma, die eine geplante Kapazität von bis zu 50.000 metrischen Tonnen pro Jahr hat. Die VMD-Technologie von KMX ermöglicht eine effiziente Lithiumkonzentration aus Brinen mit minimalen Verlusten und produziert hochwertiges Wasser als Nebenprodukt, wodurch die Abhängigkeit von lokalen Süßwasserressourcen verringert wird.
Die Implementierung zielt darauf ab, den Energieverbrauch, den Wasserverbrauch und die Betriebskosten in der gesamten Lieferkette zu senken und gleichzeitig die kritische Mineralversorgungskette in den USA zu stärken.
- Exclusive rights to use KMX's VMD technology in key markets
- Technology reduces energy consumption and operating costs
- Produces high-quality water as byproduct, improving sustainability
- Will optimize feedstock delivery to 50,000 metric tons/year Oklahoma facility
- Enhances efficiency in lithium concentration with minimal losses
- None.
Insights
The exclusive licensing agreement between Stardust Power and KMX Technologies marks a strategic advancement in lithium production technology that could significantly impact the company's market position. The vacuum membrane distillation (VMD) technology addresses three critical challenges in lithium production: cost efficiency, environmental impact and supply chain optimization.
The technology's integration into Stardust's hub-and-spoke model is particularly noteworthy for several reasons: First, by concentrating lithium brine before transport, it substantially reduces logistics costs - a major expense in lithium production. Second, the water recovery aspect provides a sustainable solution to the water-intensive nature of lithium extraction, potentially reducing operational costs and environmental impact.
The 50,000 metric tons per annum production capacity targeted at the Muskogee, Oklahoma facility becomes more achievable with this technology integration. The VMD system's ability to concentrate lithium with minimal losses could significantly improve yield rates, while the reduced transportation volumes could accelerate feedstock processing timelines.
This agreement's timing aligns with increasing pressure to establish robust domestic lithium supply chains, particularly given recent government initiatives to reduce dependency on foreign sources. The exclusive nature of the license across key North American markets creates a meaningful competitive moat for Stardust Power in the rapidly evolving lithium market.
- Following the October 8, 2024 announcement, Stardust Power finalizes exclusive licensing agreement with KMX Technologies to enhance lithium production efficiency and sustainability.
GREENWICH, Conn., Feb. 10, 2025 (GLOBE NEWSWIRE) -- Stardust Power Inc. (NASDAQ: SDST) (“Stardust Power” or the “Company”), an American developer of battery-grade lithium products, today announced the execution of an exclusive licensing agreement with KMX Technologies, Inc. (“KMX”), a leader in advanced lithium brine concentration technology. This agreement grants Stardust Power the exclusive rights to utilize KMX’s innovative vacuum membrane distillation (“VMD”) technology for lithium extraction and concentration across the United States, Canada, and select international markets.
The exclusive license grants Stardust Power the full rights to use and operate KMX VMD units within the designated territory and field of use for lithium. This agreement will support Stardust Power’s continued commitment to build out the North American lithium supply chain and onshoring of critical minerals in the rapidly growing North America lithium market.
“This exclusive licensing agreement with KMX Technologies is a pivotal step forward in advancing Stardust Power’s sustainability and operational efficiency goals,” said Roshan Pujari, CEO and Founder of Stardust Power. “KMX’s VMD technology offers a unique opportunity to reduce both energy consumption and water use across our supply chain, particularly by concentrating lithium feedstocks for efficient logistics. By incorporating this technology, we aim to significantly lower operating costs while strengthening the U.S. critical mineral supply chain and enhancing national security, all while doing so in an environmentally responsible manner.” KMX’s technology is ideal for Stardust Power’s innovative hub and spoke refinery model. By reducing the volume of the brine feedstock, less volume needs to be transported. The large central refinery is designed to repulp feedstock and blend as needed.
KMX’s VMD technology is capable of concentrating lithium from brine sources with minimal losses, thereby enhancing the economic viability of lithium projects. Additionally, the technology produces high-quality water as a byproduct, which can be used to minimize reliance on local freshwater resources in the lithium extraction process, a key factor in increasing water sustainability for the industry.
Zachary Sadow, CEO of KMX Technologies, added, “We are excited to partner with Stardust Power, a visionary company dedicated to driving sustainability and innovation within the lithium sector. This agreement represents a shared commitment to improving the efficiency and environmental footprint of the lithium supply chain.”
With the execution of this agreement, Stardust Power is positioned to deploy KMX’s VMD technology throughout Stardust Power’s network design and supply chain in order to optimize delivery of feedstocks to its lithium refinery under development in Muskogee, Oklahoma, with up to 50,000 metric tons per annum production capacity upon completion. The Company plans to integrate this advanced technology to further enhance the environmental and economic performance of its lithium production processes.
About Stardust Power Inc.
Stardust Power is a developer of battery-grade lithium products designed to bolster America’s energy leadership by building resilient supply chains. Stardust Power is developing a strategically central lithium refinery in Muskogee, Oklahoma with the anticipated capacity of producing up to 50,000 metric tons per annum of battery-grade lithium. The Company is committed to sustainability at each point in the process. Stardust Power trades on the Nasdaq under the ticker symbol “SDST.”
For more information, visit www.stardust-power.com
About KMX Technologies, Inc.
KMX Technologies is solving the most critical environmental and energy challenges of the 21st century. Through its proprietary membrane distillation technology, the company sustainably sources critical minerals necessary for next generation supply chains and infrastructure, is advancing wastewater treatment, and is accelerating energy storage with its direct lithium recovery enhancement processes.
Stardust Power Contacts
For Investors:
Johanna Gonzalez
investor.relations@stardust-power.com
For Media:
Michael Thompson
media@stardust-power.com
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release constitute “forward-looking statements.” Such forward-looking statements are often identified by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “forecasted,” “projected,” “potential,” “seem,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or otherwise indicate statements that are not of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements and factors that may cause actual results to differ materially from current expectations include, but are not limited to: the ability of Stardust Power to realize the anticipated benefits of KMX’s technology; the ability of Stardust Power to grow and manage growth profitably, maintain key relationships and retain its management and key employees; obtaining the necessary permits and governmental approvals to develop the site; risks related to the uncertainty of the projected financial information with respect to Stardust Power; risks related to the price of Stardust Power’s securities, including volatility resulting from changes in the competitive and highly regulated industries in which Stardust Power plans to operate, variations in performance across competitors, changes in laws and regulations affecting Stardust Power’s business and changes in the combined capital structure; and risks related to the ability to implement business plans, forecasts, and other expectations and identify and realize additional opportunities. The foregoing list of factors is not exhaustive.
Stockholders and prospective investors should carefully consider the foregoing factors, and the other risks and uncertainties described in documents filed by Stardust Power from time to time with the SEC.
Stockholders and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which only speak as of the date made, are not a guarantee of future performance and are subject to a number of uncertainties, risks, assumptions and other factors, many of which are outside the control of Stardust Power. Stardust Power expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the expectations of Stardust Power with respect thereto or any change in events, conditions or circumstances on which any statement is based.
FAQ
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