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Stardust Power Soars 47.22% on Lithium Refinery Plans
Generated by AI AgentAinvest Pre-Market Radar
Monday, Jul 14, 2025 5:56 am ET1min read
On July 14, 2025, Stardust Power's stock surged by 47.22% in pre-market trading, driven by the company's ambitious plans to develop the largest lithium refinery in North America, with production expected to commence in 2027.
Stardust Power has been actively expanding its strategic partnerships and technological advancements. The company recently signed a Memorandum of Understanding with Ohio University to collaborate on advanced lithium extraction and refining technologies, including potential applications of Direct Lithium Extraction (DLE). This partnership aims to enhance Stardust Power's capabilities in producing battery-grade lithium products, which are crucial for the growing electric vehicle and energy storage markets.
Additionally,
successfully closed a $4.3 million underwritten public offering in June 2025. The funds raised from this offering will support the company's ongoing development and expansion efforts, particularly in advancing its lithium refinery project. This financial boost is expected to accelerate Stardust Power's progress towards becoming a leading player in the lithium market.
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