Stardust Power Inc. (NASDAQ: SDST) (“Stardust Power” or the “Company”), a U.S. developer of battery-grade lithium carbonate, today announced the appointment of Mr. Kenneth Pitts as director of construction and subcontracting based in Houston, Texas.
In his role, Mr. Pitts will oversee the execution of major projects on site at the Muskogee, Oklahoma refinery, managing construction activities and subcontract portfolios. His role is to ensure that projects are delivered safely, on schedule, on budget and within the technical parameters of engineering solutions. Reporting to the Project Director, Mr. Randall Harris, he will serve as the key client representative for construction-related matters that drive operational excellence in large-scale industrial initiatives. This appointment reaffirms the company’s commitment to the Muskogee project and marks meaningful progress toward the start of Phase 1 construction.
Mr Pitts brings more than 25 years of domestic and international experience leading complex projects in the oil and gas, metals and mining, and critical minerals sectors. He has successfully led multinational teams, multi-million dollar subcontract portfolios and large-scale construction programs across North America, the Middle East and the Asia Pacific region, consistently delivering results on complex, high-value projects.
“Ken’s extensive international experience in heavy industrial projects, particularly in oil and gas and critical minerals, is a perfect fit for Stardust Power’s next phase of major construction and commissioning,” said Randall Harris, project director. “As we continue to evolve from a development company to an operating company through the construction of the Muskogee Refinery, his leadership in project planning, development and subcontract management will be invaluable.”
Stardust Power has assembled a top-notch ownership team to create one of the largest lithium refineries in the United States. With decades of experience managing major energy and infrastructure projects, the team is well positioned to initiate major construction work in Muskogee.
Prior to joining Stardust Power, Mr. Pitts held senior leadership roles at Neom Company, Clough North America, IHI E&C International, Fluor Corporation and CB&I, where he led large-scale project delivery and subcontract execution worldwide. At NEOM, he led procurement and contracting for major infrastructure and luxury projects overseen by the Saudi Public Investment Fund. He is a registered professional civil engineer with multiple certifications and holds both a BS and ME in Civil Engineering and Construction from the University of Florida.
About Stardust Power Inc.
Stardust Power is a developer of battery-grade lithium carbonate designed to strengthen America’s energy security by building resilient supply chains. Stardust Power is developing a strategically central lithium processing facility in Muskogee, Oklahoma, with an expected production capacity of up to 50,000 tons of lithium carbonate per year. The company is committed to sustainability at every point in the process. Stardust Power trades on the Nasdaq under the ticker symbol “SDST.”
Forward-Looking Statements
The foregoing material may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. Forward-looking statements include all statements that do not relate solely to historical or current facts, including but not limited to statements regarding the Company’s product development and business prospects, and can be identified by the use of words such as “may”, “will”, “expect”, “project”, “estimate”, “anticipate”, “plan”, “believe”, “potential”, “should”, “continue” or the negative versions of those words or other similar words. Forward-looking statements are not guarantees of future actions or performance. These forward-looking statements are based on information currently available to the Company and its current plans or expectations and are subject to a number of risks and uncertainties that could materially affect its current plans, including but not limited to: whether or not the Company will be able to raise capital through the sale of securities or by completing the offering; the fulfillment of customary closing conditions and prevailing market conditions. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ materially from those anticipated, assumed, estimated, expected, intended or planned. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee future results, performance or achievements. Except as required by applicable law, including United States security laws, the Company does not intend to update the forward-looking statements to conform them to actual results.
For investors:
Johanna González
investor.relations@stardust-power.com
For media:
Michael Thompson
media@stardust-power.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/228d65d5-f58e-4127-af55-87597893b110
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