Stardust Power Inc. announced it has entered into a non-binding Letter of Intent with Mandrake Resources Limited to secure 7,500 metric tons per annum of lithium carbonate equivalent in the form of lithium chloride from Mandrake's Utah Lithium Project. The agreement covers a twelve-year term with an optional six-year extension at Stardust Power's discretion, potentially providing up to 18 years of supply. The lithium chloride will be used at Stardust Power's processing facility in Muskogee, Oklahoma. The agreement is subject to the execution of a definitive purchase agreement.
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: GNW9567169-en) on November 03, 2025, and is solely responsible for the information contained therein.