Stardust Power Announces LOI with C4V for Up to 20,000 MT Lithium Supply

What Happened
Stardust Power Inc. (SDST) announced on August 5, 2026 that it entered a non‑binding Letter of Intent (LOI) with Charge CCCV LLC (“C4V”), an American battery technology company, to supply battery‑grade lithium carbonate from Stardust’s lithium refinery in Muskogee, Oklahoma. C4V provided a preliminary demand forecast that contemplates a phased offtake of up to 20,000 metric tons (MT) of lithium carbonate by 2030. The parties will work together on product qualification and alignment with C4V’s technical and commercial requirements, while final supply volumes, pricing and delivery schedules remain subject to negotiation and a definitive agreement. A related press release was filed as Exhibit 99.1 to the Form 8‑K.

Key Details

• LOI is non‑binding; no definitive purchase agreement has been executed.
• C4V’s preliminary forecast indicates potential offtake up to 20,000 MT of lithium carbonate by 2030.
• Source of supply named: Stardust’s lithium refinery in Muskogee, Oklahoma.
• Parties will collaborate on product qualification and alignment; final terms (volumes, price, delivery) remain to be negotiated.

Why It Matters
The LOI positions Stardust Power as a potential supplier to support C4V’s expanding U.S. battery manufacturing efforts, which could represent a meaningful source of future demand for Stardust’s Muskogee refinery if a definitive agreement is reached. However, the agreement is non‑binding and key commercial terms have not been set, so there is no guarantee the contemplated transactions will occur. Investors should view this as an early commercial step that could be significant if converted into a final contract, but currently remains subject to material uncertainty.