Stardust Power Enters Into LOI With Mandrake Resources To Secure 7,500 Metric Tons Per Annum Of LCE In Form Of Lithium Chloride From Mandrake's Utah Lithium Project

Stardust Power Inc. +5.93%

Stardust Power Inc.

SDST

2.50

+5.93%

Stardust Power Inc. (NASDAQ:SDST) ("Stardust Power" or the "Company") an American developer of battery-grade lithium carbonate, announced today that it has entered into a Letter of Intent ("the Agreement") with Mandrake Resources Limited to secure 7,500 metric tons per annum of lithium carbonate equivalent ("LCE") in the form of lithium chloride from Mandrake's Utah Lithium Project ("Utah" project). The lithium chloride will feed directly into Stardust Power's processing facility in Muskogee, Oklahoma, providing a reliable, U.S. sourced supply as the Company advances toward its Final Investment Decision and the start of major construction.

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