The stock value of Stardust Power Inc. (NASDAQ: SDST) witnessed a notable surge of 10.99%, reaching $8.89 in the latest trading session. This significant increase, occurring in the absence of major news, is believed to be driven by recent strategic developments within the company.
Strategic Partnership with Primero USA
This month, Stardust Power selected Primero USA to conduct a front-end loaded level 3 (FEL-3) engineering design and cost study for its strategically important lithium refinery located in Muskogee, Oklahoma. The FEL-3 study, also known as a definitive engineering study, is a crucial step in refining the project’s technical details and cost projections.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Primero USA, a leading multidisciplinary EPC firm with a strong presence across North America and Western Australia, specializes in lithium projects. The company has a proven track record, having successfully completed engineering projects for lithium refineries in Texas and North Carolina. Stardust Power’s decision to engage Primero was based on the latter’s robust technical proposal and extensive experience in lithium refining.
Comprehensive Engineering Study for Muskogee Refinery
The FEL-3 study undertaken by Primero will provide Stardust Power with definitive technical specifications and cost estimates for its lithium refinery in Muskogee. This refinery, central to Stardust Power’s operations, is expected to produce battery-grade lithium products.
The study will deliver a detailed process design, including the development of a complete 3D engineering model. This model will enable engineers and contractors to generate comprehensive cost estimates for the refinery’s construction and machinery.
Path Forward for Stardust Power’s Lithium Refinery
Upon completion of the FEL-3 study, Stardust Power will utilize the findings to inform the market about the project’s cost basis and secure the necessary financing. With financing in place, the company plans to immediately proceed with detailed engineering and long-lead procurement efforts, paving the way for the commencement of major construction.
Stardust Power’s strategy to optimize its central refinery for multiple sources of brine input is supported by Primero’s expertise, which will be instrumental in advancing the project to the next phase.
