Stardust Power raises $15mn to launch its lithium refinery in Oklahoma

Stardust Power Inc., an American developer of battery-grade lithium carbonate, has entered into a financing agreement of up to $15mn in secured convertible debt to prepare for construction of its refinery in Muskogee, Oklahoma. The project targets an annual capacity of 50,000 tonnes of lithium carbonate, a critical material in battery supply chains. The transaction provides the capital required to initiate key technical phases of the industrial site.