GREENWICH, Conn. — November 3, 2025 — Leads & Copy — Stardust Power Inc. (NASDAQ: SDST) has entered into a Letter of Intent with Mandrake Resources Limited to secure 7,500 metric tons per annum of lithium carbonate equivalent from Mandrake’s Utah Lithium 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. The Agreement covers a twelve-year term with an optional six-year extension.
Pablo Cortegoso, Chief Technical Officer and Co-Founder of Stardust Power, noted the strategic alignment between Mandrake’s Utah Lithium Project and Stardust Power’s vision for an integrated American lithium supply chain.
James Allchurch, Managing Director, Mandrake Resources Limited, said this agreement highlights the strategic fit of their location, leveraging established infrastructure and transport links, and strengthens the domestic lithium supply chain by ensuring a reliable, long-term partnership in producing battery-grade materials.”
Stardust Power continues to advance permitting and site preparation activities, positioning the Company to deliver battery-grade lithium carbonate efficiently and at scale, in support of the growing North American electric vehicle and energy storage markets.
For Investors:
Johanna Gonzalez
investor.relations@stardust-power.com
For Media:
Michael Thompson
media@stardust-power.com
Source: Stardust Power Inc.
