Stardust Power Inc. has successfully completed the FEL 3 report for its lithium processing facility in Muskogee, Oklahoma.
Key findings include a Phase 1 capacity of 25,000 metric tons per annum expandable to 50,000 metric tons, and capital expenditures below prior estimates at approximately $500 million.
Construction timeline is estimated at around 24 months from major construction start to completion.
Phase 1 Capacity
25,000 metric tons per annum of battery-grade lithium, expandable to 50,000 metric tons per annum in Phase 2.
Capital Expenditures
Approximately $500 million for Phase 1, nearly $200 million below prior estimates, with 90% probability of achievement.
Construction Timeline
Expected to take around 24 months from the start of major work to mechanical completion.
- The completion of the FEL 3 represents a significant milestone for Stardust Power's processing facility, with improved efficiency and reduced costs.
- The FEL 3 report incorporates key technical advancements and provides greater cost visibility and schedule certainty for investors.
The successful completion of the FEL 3 marks a crucial step towards transitioning from developer to operator, reducing risk for investors and stakeholders.