Stardust Power Breaks Ground on $1.2 Billion Lithium Refinery in Oklahoma

Credit: Stardust Power

Stardust Power, a U.S.-based developer of battery-grade lithium products, commenced construction on a $1.2 billion lithium refinery at the Southside Industrial Park in Muskogee, Oklahoma. The facility is poised to become the largest lithium refinery of its kind in the United States.

The groundbreaking ceremony, held on Jan. 22, featured appearances by Stardust Power CEO Roshan Pujari, Lieutenant Governor Matt Pinnell, and Muskogee Mayor Patrick Cale, alongside other state and local officials. The refinery is being built on a 66-acre site acquired by Stardust Power in December 2024, with additional expansion potential on an adjacent 40-acre parcel.

See also: Chinese Researchers Explore Lithium Titanium Phosphate for Enhanced Cold-Weather Battery Performance

“The lithium refinery will be crucial for addressing U.S. national security and supply chain risks,” CEO Pujari stated. He emphasized the importance of onshoring critical mineral manufacturing to bolster America’s energy leadership. The site’s strategic location offers access to a skilled workforce and key transportation networks, including the nation’s largest inland waterway system.

The project will be developed in two phases. Phase one will establish a production line with a capacity of 25,000 tonnes per annum, with phase two doubling the total capacity to 50,000 tonnes. The facility is expected to play a significant role in enhancing the domestic supply chain for battery materials.

See also: Savannah Resources Reports Expanded Lithium Potential at Barroso Project in Portugal

Despite the optimistic outlook for the refinery, Stardust Power’s shares fell nearly 28% to $1.40 on Thursday, hitting a 52-week low of $1.30. The company later announced plans to issue 4.7 million common shares at $1.20, aiming to raise $5.75 million to support working capital and debt repayment. The move could result in stock dilution, though Stardust declined to comment on the share price drop.

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