Stardust Power, a U.S. developer of battery-grade lithium products, has engaged MUFG Bank as lead financial adviser for the development of one of the largest battery-grade lithium refining facilities in the United States.
MUFG has been engaged to play a crucial role in supporting fundraising and advisory services in connection with the development of the first phase of Stardust Power’s Muskogee, Okla., project. The company expects that the initial facility build-out will focus on establishing a phase 1 capacity of 25,000 metric tons per year of battery-grade lithium carbonate.
The completion of the first phase of the project will establish Stardust Power as one of the largest battery-grade lithium refineries in the United States. Development of a second phase is expected to double total annual production up to 50,000 metric tons per year with an estimated total facility investment of $1.2 billion.
“After an extensive review process, we are excited to engage
