Muskogee's Stardust Power announces exclusive licensing agreement for new lithium refining process

One of Muskogee's latest industrial developments is the groundbreaking of a new battery-grade lithium refinery, a billion-plus dollar investment that selected Muskogee in 2024. The following press release from Stardust Power details a licensing agreement for a new refining technology/process they will be using at the Muskogee plant:

Stardust Power Announces Exclusive Licensing Agreement for Lithium Brine Concentration Technology from KMX Technologies

Following the October 8, 2024 announcement, Stardust Power finalizes exclusive licensing agreement with KMX Technologies to enhance lithium production efficiency and sustainability.

GREENWICH, Conn. – February 10, 2025 – Stardust Power Inc. (NASDAQ: SDST) (“Stardust Power” or the “Company”), an American developer of battery-grade lithium products, today announced the execution of an exclusive licensing agreement with KMX Technologies, Inc. (“KMX”), a leader in advanced lithium brine concentration technology. This agreement grants Stardust Power the exclusive rights to utilize KMX’s innovative vacuum membrane distillation (“VMD”) technology across the United States, Canada, and select international markets.

The exclusive license grants Stardust Power the full rights to use and operate KMX VMD units within the designated territory and field of use. This agreement will support Stardust Power’s continued commitment to build out the North American lithium supply chain and onshoring of critical minerals in the rapidly growing North America lithium market.

“This exclusive licensing agreement with KMX Technologies is a pivotal step forward in advancing Stardust Power’s sustainability and operational efficiency goals,” said Roshan Pujari, CEO and Founder of Stardust Power. “KMX’s VMD technology offers a unique opportunity to reduce both energy consumption and water use across our supply chain, particularly by concentrating lithium feedstocks for efficient logistics. By incorporating this technology, we aim to significantly lower operating costs while strengthening the U.S. critical mineral supply chain and enhancing national security, all while doing so in an environmentally responsible manner.” KMX’s technology is ideal for Stardust Power’s innovative hub and spoke refinery model. By reducing the volume of the brine feedstock, less volume needs to be transported. The large central refinery is designed to repulp feedstock and blend as needed.

KMX’s VMD technology is capable of concentrating lithium from brine sources with minimal losses, thereby enhancing the economic viability of lithium projects. Additionally, the technology produces high-quality water as a byproduct, which can be used to minimize reliance on local freshwater resources in the lithium extraction process, a key factor in increasing water sustainability for the industry.

Zachary Sadow, CEO of KMX Technologies, added, “We are excited to partner with Stardust Power, a visionary company dedicated to driving sustainability and innovation within the lithium sector. This agreement represents a shared commitment to improving the efficiency and environmental footprint of the lithium supply chain.”

With the execution of this agreement, Stardust Power is positioned to deploy KMX’s VMD technology throughout Stardust Power’s network design and supply chain in order to optimize delivery of feedstocks to its lithium refinery under development in Muskogee, Oklahoma, with up to 50,000 metric tons per annum production capacity upon completion. The Company plans to integrate this advanced technology across both its refining and upstream operations to further enhance the environmental and economic performance of its lithium production processes.

About Stardust Power Inc.
Stardust Power is a developer of battery-grade lithium products designed to bolster America’s energy leadership by building resilient supply chains. Stardust Power is developing a strategically central lithium refinery in Muskogee, Oklahoma with the anticipated capacity of producing up to 50,000 metric tons per annum of battery-grade lithium. The Company is committed to sustainability at each point in the process. Stardust Power trades on the Nasdaq under the ticker symbol “SDST. For more information, visit www.stardust-power.com.

Rep. Gann warns against corporate welfare on steroids following CANOO bankruptcy

Gann Warns Against Corporate Welfare on Steroids Following CANOO Bankruptcy

OKLAHOMA CITY (Jan. 21st) – Rep. Tom Gann, R-Inola,  an opponent of corporate welfare, today issued a stark warning regarding the ongoing misuse of public funds.

"Corporate welfare is when the government takes the public's money to manipulate the economy, choosing winners and losers in the free market," Gann said. "In recent years, this practice has intensified, creating an era of corporate welfare on steroids, as Oklahoma government has pushed massive green-energy giveaways that align more with a liberal agenda than Oklahoma's conservative values."

Gann pointed to last week's bankruptcy of the high-profile, green-energy, electric vehicle startup, CANOO, as a prime example of why government must stop interfering in the free market. Canoo's manufacturing plant in Pryor is in Gann's House district.

Stardust Power picks Muskogee for nation's largest battery-grade lithium refinery, $1B+ investment

Big news for Muskogee:

Rendering of new plant, courtesy of Stardust Power

STARDUST POWER SELECTS MUSKOGEE TO BUILD BATTERY-GRADE LITHIUM REFINERY

GREENWICH, Conn., and TULSA, Okla., January 11, 2024 – Stardust Power Inc. (“Stardust Power” or the “Company”), a development stage American manufacturer of battery-grade lithium products, announced today that it has selected Southside Industrial Park in Muskogee, Oklahoma to build a new battery-grade lithium refinery, and is expected to be eligible to receive up to $257 million in state and federal economic incentives for the facility build-out. The Company may also be eligible for further federal grants and or incentives offered by the Department of Energy and the Department of Defense.

Stardust Power selected Muskogee, Oklahoma for its central refinery because of Oklahoma’s central U.S. location, facilitating delivery of lithium inputs and shipment of battery-grade lithium products over multiple transportation routes to support the Company’s refining operations. The area’s superior intermodal freight transport options as well as a highly skilled workforce trained in oil and gas engineering were other key factors. Additionally, Oklahoma is recognized as an emerging national leader in sustainable power, including solar and wind, supporting Stardust Power’s commitment to limit its carbon footprint.

State receives first made-in-Oklahoma electric vehicles from Canoo

Move out of the way, Slug Bug, the Roly-Poly is coming through:

State receives first made-in-Oklahoma electric vehicles from Canoo

OKLAHOMA CITY, OK (Dec. 29, 2023) – Today, the State of Oklahoma received its first three made-in-Oklahoma electric vehicles from Canoo as an innovative part of the state’s ongoing fleet modernization initiative. At a combined cost of $119,850, these three Lifestyle Delivery Vehicles (LDVs) are the first of their kind in the state fleet, with one each assigned to the Office of Management and Enterprise Services, the Department of Transportation and the Department of Corrections.

AG Drummond joins 25-state coalition opposing Biden Administration's attack on gas-powered vehicles

Drummond joins 25-state coalition opposing Biden Administration's attack on gas-powered vehicles

OKLAHOMA CITY (July 11, 2023) – Attorney General Gentner Drummond and attorneys general of 24 other states are challenging the Biden Administration’s most radical regulations yet on tailpipe emissions. The Biden plan would forcibly phase out gas-powered vehicles and restructure the automobile industry around electric vehicles (EVs) at a breakneck pace. The proposal aims to boost certain EV sales from 8.4 percent of total vehicle sales today to 67 percent by 2032.

Drummond joined the Kentucky and West Virginia-led coalition in a letter opposing the Environmental Protection Agency (EPA) plan, arguing the move would damage our economy, undermine the reliability of our electrical grids, tax the families and businesses who depend on them, and threaten our national security.

“This draconian proposal would have particularly disastrous consequences for Oklahoma’s economy,” Drummond said. “I am proud to join my colleagues across the nation in fighting back against the continuous and flagrant federal overreach of the Biden Administration. I will always fight to do what is best for all Oklahomans.”

OCPA column: Environmental policy folly is no laughing matter

Environmental policy folly is no laughing matter

by Jonathan Small

In states across the country and nations across the globe, politicians’ embrace of a “Green New Deal” style of environmental policy has often been a comedy of errors. But the real-world results are no laughing matter.

Gann: Is OK leadership willing to ignore liberty and capitalism to “Go Green”?

Oklahoma Going Green to Land a “Big Deal”

by State Rep. Tom Gann

Leadership in the State of Oklahoma has been on a fishing expedition to land a "Big One" to propel Oklahoma into a "diverse" energy economy. This effort has resulted in a proposal to include huge taxpayer dollar giveaways, but it could implement Biden's "Green New Deal."  

Gann: Is Oklahoma being sold down the river for CANOO?

Is Oklahoma Being Sold Down the River For CANOO?

by State Rep. Tom Gann (R-Inola)

It would appear so.  Leadership at the Capitol in Oklahoma City are scheming to compete for a “Mystery” company everyone says is a lithium battery manufacturer that would supply CANOO, an electric vehicle (EV) manufacturer. According to a 2/16/2022 article in CARBUZZ by Jay Traugott, CANOO is an EV startup company which had to use a shell corporation, to get listed on the NASDAQ stock exchange, prompting an investigation by the Securities and Exchange Commission. Recent financial reports by CANOO show the company lost 138 million in the last quarter of 2021 but found resources to fund political activities in Oklahoma City. In another reporting document, the State of Oklahoma through the Governor’s “closing fund” gave CANOO 15 million dollars and ordered 1000 of their electric vehicles.

Scheme #2 is a proposal cloaked in “secrecy” using non-disclosure agreements, creating a barrier to hide behind when the questions get tough, with the local add on tax incentive called a Tax Incremental Financing District (TIF). Chouteau Schools is being asked to bear the weight of this TIF which diverts local Mayes County ad-valorem tax dollars away from its traditional use for local schools and county government for up to 25 years and channeling those taxes to the Mid America Industrial Park and “mystery company”.

Recently the legislature of the State of Kansas passed SB347 a 1.3 billion dollar plus tax giveaway to have this same “mystery” company to locate in Kansas. The company would bring 4000 new jobs at $50,000 per year. That comes out to about $325,000 in tax giveaways for every $50,000 job.  This might look good politically, but economically it is insanity as Kansas could end up with a short fall in their budget. 

Small: Could Biden have a worse energy policy?

Could Biden have a worse energy policy?

By Jonathan Small

If one deliberately tried to devise a U.S. energy policy that would harm national interests and working families alike, it would look a lot like the Biden administration’s current policy.

The administration’s approach combines a willful ignorance of reality with a dismissive attitude towards working families. This could be seen when Biden Transportation Secretary Pete Buttigieg blithely declared the people who would benefit most from driving electric cars “are often rural residents who have the most distances to drive, who burn the most gas.”

That rapid charging stations for electric cars are nonexistent in rural areas apparently never occurred to Buttigieg, nor did the reality that the price of electric cars makes them luxury items, not a practical purchase for the working class.

But that’s far from the worst aspects of Biden’s energy policy.

Stitt helps secure electric vehicle manufacturing investment; 2,000 jobs coming to Pryor

GOVERNOR STITT, DEPARTMENT OF COMMERCE SECURE HISTORIC ELECTRIC VEHICLE MANUFACTURING INVESTMENT FOR OKLAHOMA

Canoo to bring more than 2,000 jobs to Oklahoma and position state as innovation leader

FORT WORTH, Texas (June 17, 2021) – Governor Kevin Stitt and the Oklahoma Department of Commerce secured a historic electric vehicle manufacturing investment today as Canoo announced a commitment to create more than 2,000 jobs and build its first mega microfactory on a 400-acre site at the MidAmerica Industrial Park located near Tulsa, Okla.

Canoo Chairman and CEO Tony Aquila invited Governor Stitt and Secretary of Commerce and Workforce Development Scott Mueller to the company’s inaugural investor relations day at Texas Motor Speedway to make the announcement.

“Oklahoma has always been a pioneer in the energy industry, and this partnership with Canoo shows that our state is an innovation leader in electric vehicle technology,” Governor Stitt said. “We are thrilled to partner with Canoo and Chairman and CEO Tony Aquila to provide high-paying jobs for Oklahomans and position America as the global leader for vehicle manufacturing for decades to come.”

Aquila praised the governor for his focus on innovation to diversify the state’s economy and Oklahoma’s business-friendly policies.

Legislation filed to bring equity to fuel tax by addressing electric vehicles

Legislation Filed to Address Long-term Transportation Infrastructure Funding

OKLAHOMA CITY –  State Rep. Kyle Hilbert, R-Bristow, has filed House Bill 2234, The DRIVE Act, to ensure all vehicles utilizing our state highways are contributing to the cost of maintaining this system in a fair and equitable manner. 

Joining as co-authors of the legislation are State Reps. Brian Hill, R-Mustang; Dustin Roberts, R-Durant; Avery Frix, R-Muskogee, Todd Russ, R-Cordell, Scott Fetgatter, R-Okmulgee, Nicole Miller R-Edmond; and State Sens. Zack Taylor, R-Seminole; and James Leewright, R-Bristow. 

“Currently, this infrastructure is funded largely with fuel taxes that road users pay at the gas pump,” the lawmakers said in a joint statement. “As more Americans transition to heavier electric, battery-powered automobiles, a greater burden is placed on our state’s fuel tax revenue, which inevitably will begin to decline. 

“This problem is not unique to Oklahoma and is one that all fifty states must address at some point in the near future.