Stardust Power Inc. is developing a strategically central, vertically-integrated lithium refinery in the US that is capable of producing 50,000 tonnes of battery-grade lithium per year.
Stardust Power is an American developer of battery-grade lithium resources critical to the US electric vehicle (EV) supply chain.
Our focus is to support America’s energy independence. Lithium is essential to the global electrification transition, and the critical resource required for EV batteries, among others.
Market opportunities for lithium
- Around 85% of lithium resources are sent to China for refinement and then sold to manufacturers. The US has only one lithium-producing asset in Nevada, capable of producing approximately 5,000 metric tonnes per year vs. the estimated 500,000 metric tonnes per year of unrefined lithium required to power EVs;
- When fully operational, Stardust’s factory is expected to produce 50,000 metric tonnes per year of high-quality battery-grade lithium, supporting domestic manufacturing expansion and helping secure US energy independence;
- We target facility construction by 2024, with production starting in late-2025;
- In May, we secured an 82-acre site in Central United States to build one of the first new battery-grade lithium refineries and received potential state and federal economic incentives totalling nearly $270m to support our investment; and
- In addition to strengthening the US supply chain and supporting national defence priorities around critical mining resources, Stardust’s strategy is focused on best-in-class sustainability, favouring lithium brine deposits, including spent brine sources, over hard rock deposits, and open pit methods of mineral extraction. The refinery will also feature sustainable, low-carbon power sources.
With these factors at play, Stardust intends to become one of the US’ most sustainable, cost-effective suppliers of battery-grade lithium.
Stardust’s areas of interest
- Producing battery-grade lithium domestically in the US;
- Furthering the growing EV supply chain;
- Ensuring sustainable mineral production; and
- Develop a fully scalable and operational lithium refinery.
