What's Happening?
Prairie Lithium has signed a non-binding offtake agreement to supply Stardust Power with 6,000 tonnes of lithium carbonate equivalent per year from its project in Canada. The agreement marks a milestone
for the North American lithium supply chain, establishing a reliable cross-border supply corridor between Canada and the U.S. Stardust Power is developing a lithium processing facility in Oklahoma, with a capacity of up to 50,000 tonnes per year. This partnership aims to reduce dependence on overseas processing and ensure that lithium produced in North America stays within the region, supporting energy security and economic growth.
Why It's Important?
The agreement between Prairie Lithium and Stardust Power is significant for the North American lithium supply chain, as it enhances regional energy security and reduces reliance on foreign processing. By aligning resources with a domestic refiner, the partnership supports the development of a resilient and transparent supply chain, crucial for the growing demand for lithium in electric vehicles and stationary storage. This collaboration contributes to North America's position as an energy superpower, fostering economic growth and innovation in the lithium industry.
What's Next?
Commercial shipments of lithium chloride from the Prairie Project to Stardust Power in Oklahoma could start as early as 2027. The agreement confirms the economic viability and production potential of the Prairie Project, paving the way for further development and expansion. As global lithium extraction is forecast to grow significantly, the partnership positions North America to capitalize on this growth and strengthen its supply chain. The collaboration may also lead to additional agreements and investments in the lithium industry, supporting the region's energy goals.
