Stardust Power, an American developer of battery-grade lithium products, engaged MUFG Bank as lead financial advisor in relation to the company’s development of a battery-grade lithium refining facility in the United States. The advisory team in New York for MUFG will be led by managing directors Daniel Seltzer and Christopher Buckingham._x000D_
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“We are proud to work with Roshan and the Stardust Power team to develop this critical piece of American infrastructure,” Seltzer said._x000D_
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“After an extensive review process, we are excited to engage MUFG, who has developed an exceptional reputation in critical materials, has deep investor relationships with extensive knowledge of lithium supply chains,” Roshan Pujari, founder and CEO of Stardust Power, said. “As our exclusive financial advisor, the bank will play a key role in advising and supporting Stardust Power as our facility achieves its first phase of lithium carbonate production, we look forward to working with Dan, Chris and the rest of the MUFG team.”_x000D_
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“Globally, we are seeing great partnerships form based on a shared determination to build resilient supply chains. The collaboration between MUFG and Stardust Power is a testament to that vision,” Adam Johnson, chief commercial officer of Stardust Power, said. “Stardust Power is focused and dedicated in our effort to lead the onshoring of scaled battery-grade lithium production that is essential to the energy transition.”
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