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Stardust Power signs LOI for up to $150 million project-level financing for Oklahoma refinery

PUBT·04/20/2026 13:16:15
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Stardust Power signs LOI for up to $150 million project-level financing for Oklahoma refinery
  • Stardust Power entered a non-binding letter of intent with a single institutional investor for project-level financing for its planned lithium refinery in Muskogee, Oklahoma.
  • Framework supports up to USD 150 million, with flexibility across equity, debt, or hybrid structures.
  • Asset-level structuring aims to reduce dilution for public shareholders while establishing a market-based valuation for refinery.
  • Refinery is designed to produce up to 50,000 metric tons per year of battery-grade lithium carbonate at full capacity in two phases of 25,000 metric tons per year.
  • LOI contemplates syndication or direct capital participation, subject to due diligence and definitive documentation.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Stardust Power Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202604200915PRIMZONEFULLFEED9692916) on April 20, 2026, and is solely responsible for the information contained therein.