Core Insights - Mandrake Resources has entered a supply agreement with Stardust Power to deliver up to 7,500 tons of lithium chloride annually to Oklahoma [1][3] - Stardust plans to produce up to 50,000 metric tons of battery-grade lithium carbonate per year once its Muskogee facility is operational [2][3] - The partnership between Mandrake and Stardust is set for a minimum of twelve years, with an option to extend until 2042 [3] Strategic Context - The agreement aligns with the U.S. efforts to reduce reliance on critical minerals from potentially hostile countries, particularly China [4] - Mandrake's control of a Utah location provides a strategic advantage in the supply chain [5] Financial and Development Aspects - The Muskogee facility is backed by approximately US$257 million in state incentives and funding [5] - Stardust aims to enhance sustainable energy leadership and create jobs through this project [6]
Mandrake’s strategic Utah focus pays off with 18-year Stardust lithium offtake deal
The Market Online·2025-11-02 23:08