Stardust Power signs non-binding lithium supply deal with Charge CCCV

Stardust Power

05/08/2026 16:24

    Aug 5 (Reuters) - Stardust Power  SDST.O  said on Wednesday
it signed a non-binding letter of intent with Charge CCCV to
supply battery-grade material from its planned lithium refinery
in Muskogee, Oklahoma.
    * Stardust expects to sell 3,000 metric tons of lithium
carbonate in 2028, 10,000 metric tons in 2029 and 20,000 metric
tons in 2030 to the battery technology company.
    * The deal comes as the U.S. races to secure domestic
sources of lithium, a critical component for electric vehicle
batteries, amid growing concerns over reliance on imports from
China and other countries.
    * Stardust in 2025 had revealed it had entered into a
non-binding arrangement with Sumitomo Corporation of Americas to
sell up to 25,000 metric tons of lithium annually for 10 years,
with a possible five-year extension.
    * The refiner said the agreements, if finalized, could cover
a large share of its planned lithium production and could
generate billions of dollars in sales if lithium prices remain
at current levels.


 (Reporting by Pranav Mathur in Bengaluru; Editing by Vijay
Kishore)
 ((Pranav.Mathur@thomsonreuters.com;))