Stardust Energy (NASDAQ:SDST) has signed a non-binding offtake settlement with Sumitomo Company, a serious buying and selling firm headquartered in Japan, for as much as 20,000 metric tons each year of battery-grade lithium carbonate.
“This can be a large milestone for our firm, having an offtake associate similar to Sumitomo, a really credible and prestigious group,” mentioned Roshan Pujari, founder and CEO of Stardust Energy. “They usually can present a whole lot of worth add different than simply buying the product — they may help with our advertising efforts.”
Below the settlement, Sumitomo may have the choice to purchase as much as 20,000 metric tons of battery-grade lithium yearly, which represents 80 % of Part 1 and 40 % of the overall annual capability of Stardust’s deliberate lithium refinery.
Stardust Energy is establishing one of many largest lithium refineries within the US, designed to supply as much as 50,000 metric tons yearly. It’s positioned in Muskogee, Oklahoma, with easy accessibility to street, rail and rivers, and a extremely expert workforce.
The refinery can be inbuilt two phases, with every part able to producing as much as 25,000 metric tons of refined battery-grade lithium per 12 months. The corporate celebrated breaking floor on the web site in January 2025, signaling a milestone within the refinery’s building progress.
“Subsequent, we’ll be ending our degree three engineering examine, which is actually the final massive gating merchandise, from an engineering perspective, to begin main building. And so we’re transferring the challenge ahead in a extremely fast time, and we’re excited to begin main building later this 12 months,” Pujari mentioned.
Watch the total interview with Roshan Pujari, founder and CEO of Stardust Energy, above.
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