Stardust Power (SDST) investor relations material

Strategic vision and mission

• Aims to secure U.S. energy leadership by producing battery-grade lithium for advanced energy storage and critical technologies.

• Focuses on supplying the energy storage, electric vehicle, and defense sectors while strengthening domestic supply chains.

• Plans to build a major lithium refinery in Muskogee, Oklahoma, with a capacity of up to 50,000 metric tons annually.

Market opportunity and industry context

• U.S. lithium demand is projected to grow at a 21% CAGR, reaching ~883kt LCE by 2035, driven by EV and energy storage adoption.

• Domestic supply is expected to fall short, highlighting the need for new refining capacity and reduced import reliance.

• Federal and state incentives, including up to $257M from Oklahoma, support domestic lithium production.

• The Inflation Reduction Act and Defense Production Act prioritize lithium as a national security asset.

Operations, technology, and partnerships

• Vertically integrated model aggregates brine feedstock from North America and allied countries, reducing sourcing risk.

• Utilizes proven refining technology and sustainable processes, including renewable energy and water recycling.

• Strategic partnerships with leading engineering and technology firms enhance project execution and technical capabilities.

• Central refinery model enables flexible, diversified supply and efficient logistics via road, rail, and waterways.