Stardust Power Secures U.S. Lithium Supply with Mandrake Resources LOI
New to The Street TVNovember 3, 20251 min1,302 views
7 connections·10 entities in this video→Lithium Supply Agreement
- 🤝 Stardust Power has signed a letter of intent (LOI) with Mandrake Resources to secure a significant supply of lithium.
- ⚡ The agreement aims to provide 7,500 metric tons per year of lithium carbonate equivalent, specifically in the form of lithium chloride.
Project Integration and Logistics
- 🏭 The lithium chloride will be directly supplied to Stardust Power's processing facility located in Muskogee, Oklahoma.
- 📍 This arrangement strengthens the domestic U.S. supply chain for battery materials.
- 🗺️ Mandrake's Utah Lithium Project offers logistical advantages, with access to transport routes and infrastructure for efficient delivery to the Port of Muskogee.
Company Milestones
- 🏗️ The LOI supports Stardust Power as it moves towards a final investment decision and the commencement of major construction.
- 🇺🇸 The deal emphasizes the development of American battery-grade lithium carbonate production.
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What’s Discussed
Stardust PowerMandrake ResourcesLithium ChlorideLithium Carbonate EquivalentUtah Lithium ProjectMuskogeeOklahomaUS Supply ChainBattery MaterialsCritical MineralsLetter of Intent (LOI)
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