Stardust Power (SDST) said Monday it has signed a licensing deal that gives it the exclusive rights to use KMX Technologies' vacuum membrane distillation technology for lithium extraction and concentration is the US, Canada and some other markets.
Stardust Power said the deal will support its efforts to build out the lithium supply chain and onshoring of critical minerals in the lithium market in North America.
The company's shares rose 13% in recent trading.
Price: 0.78, Change: +0.10, Percent Change: +14.14
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.