Core Viewpoint - Stardust Power Inc. has officially commenced construction on its lithium refinery in Muskogee, Oklahoma, aiming to enhance U.S. leadership in critical mineral manufacturing and create new jobs in the region [5][6][8]. Company Overview - Stardust Power Inc. is an American developer focused on battery-grade lithium products, with plans to produce up to 50,000 metric tons per annum at its new facility [11]. - The company trades on the Nasdaq under the ticker symbol "SDST" [11]. Project Details - The lithium refinery is located on a 66-acre site in Muskogee, which benefits from proximity to major transportation networks and a skilled workforce [7]. - The project will be developed in two phases: the first phase will establish a production line with a capacity of 25,000 metric tons per annum, while the second phase will double this capacity to 50,000 metric tons per annum [10]. Economic Impact - The refinery is expected to create hundreds of jobs in engineering, manufacturing, and operations, with additional roles in construction and services potentially increasing this number [9]. - The project is anticipated to drive economic growth in the local community and reinforce Oklahoma's position as a leader in sustainable energy [9][10]. Strategic Importance - The CEO of Stardust Power emphasized the refinery's role in addressing U.S. national security and supply chain risks by onshoring critical mineral manufacturing [8]. - The project aligns with Oklahoma's commitment to sustainable energy and aims to safeguard American interests amid global competition for critical minerals [8][9].
Stardust Power Breaks Ground on One of The Largest U.S. Battery-Grade Lithium Refineries