Stardust Power shares jump 14.55% premarket after securing final permit for Muskogee lithium refinery, advancing FID.

Stardust Power Inc. surged 14.55% in premarket trading after securing the final air quality construction permit for its Muskogee, Oklahoma lithium refinery. The approval by the Oklahoma Department of Environmental Quality (ODEQ) completes regulatory requirements, enabling the company to advance toward Final Investment Decision (FID) and major construction. The permit confirms the facility qualifies as a minor source under air regulations, with emissions below thresholds for major classification, and includes a closed-loop water system eliminating wastewater discharge. This milestone reduces regulatory timeline risk, positions Stardust Power to build one of the largest U.S. lithium refineries, and aligns with growing demand for battery-grade lithium in energy storage and electric vehicles. The achievement underscores the company’s progress in establishing a domestic lithium supply chain amid strategic industry growth.