Core Viewpoint - Stardust Power Inc. has completed the acquisition of a 66-acre site in Muskogee, Oklahoma, and is set to begin construction on one of North America's largest lithium refineries, marking a significant milestone in its mission to produce battery-grade lithium for U.S. energy independence [1][2][4]. Group 1: Project Development - The company has secured a General Permit for Stormwater Discharges from Construction Activities, allowing it to commence construction, pending final project financing [1][2]. - Stardust Power plans to submit additional necessary permits in the coming weeks, completing the final regulatory steps for the project [2]. - The selected site in Muskogee offers strategic advantages, including proximity to major logistics networks and a skilled workforce, which are essential for efficient construction and operation [3]. Group 2: Economic Impact - The City and County of Muskogee established a $27 million Tax Increment Financing (TIF) district to support the project, which will fund infrastructure improvements crucial for the refinery's development [5]. - The project is expected to create hundreds of high-quality manufacturing jobs, contributing to Oklahoma's position in America's energy leadership [4]. Group 3: Company Overview - Stardust Power is focused on developing battery-grade lithium products to strengthen America's energy supply chains, with an anticipated production capacity of up to 50,000 metric tons per annum [6].
Stardust Power Acquires Site, Receives Key Permit And Receives Approval For Major Construction To Commence