Alliance Global Partners initiated coverage of Stardust Power (SDST) with a Buy rating and $5 price target Stardust is focused on constructing “one of the largest lithium refineries in North America” in Muskogee, Oklahoma, notes the analyst, who sees the site having “various strategic advantages,” including access to grid power, paved highways, rail, airport and port access as well as proximity to potential brine feedstock sources. The firm expects 2025 to serve as “a pivotal year” as Stardust executes on its goal of becoming a meaningful supplier of domestic battery-grade lithium.
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