Strategic North American offtake to lithium refinery

Prairie Lithium Limited (ASX: PL9, OTC: PL9AF) (“Prairie Lithium”, “PL9” or “the Company”), a company focused on the sustainable development of the Prairie Lithium Project (“Prairie”), is pleased to announce that it has signed a non-binding Letter of Intent (LOI) to supply lithium chloride as a feedstock for a strategic North American lithium refinery. Stardust Power (“Stardust Power”) is a leading North American lithium refining company with a mission to onshore refining and processing battery-grade lithium products. Commercial shipments of LiCl from Prairie Lithium in Saskatchewan to Stardust Power in Oklahoma could begin as early as 2027, according to the LOI.

HIGHLIGHTS

• The company has signed a non-binding offtake agreement to supply Stardust Power with 6,000 tonnes (MT) of lithium carbonate equivalent (LCE) per year.
• The offtake validates the economic viability and production potential of the world-class Prairie Lithium Project.
• The product will be sold in the form of concentrated lithium chloride (LiCl) and will be transported to Stardust Power’s lithium refinery in Oklahoma, United States.
• The United States government is actively allocating capital to strategically important lithium projects.¹ Stardust Power is a leading North American lithium processing facility and is well positioned to land additional lithium refining capacity.
• Given the strategic importance of the global lithium supply, several offtake discussions are still ongoing with other parties in North America and Asia.

Figure 1: Location of the Prairie Lithium Project and Stardust Refinery

Prairie Lithium Managing Director, Paul Lloyd, commented: “Securing this offtake agreement with a US-based refinery in Oklahoma marks a significant milestone not only for Prairie Lithium, but also for the broader North American lithium supply chain. With a very high-quality lithium brine project in Canada, Prairie Lithium is proud to play a leading role in strengthening the region’s energy independence in a time when geopolitical dynamics are reshaping the global critical mineral landscape.

This partnership anchors a reliable, cross-border supply corridor between Canada and the United States – one that reduces dependence on overseas processing and ensures lithium produced in North America stays in North America. By aligning our high-quality resources with a domestic refinery, we help secure the foundation for North America to become an energy superpower. This alignment between companies supports both economic growth and the development of a resilient, transparent North American lithium supply chain.”

Roshan Pujari, Founder and CEO of Stardust Power, said: “We are excited to secure Prairie Lithium as a long-term supply partner. We have seen their impressive development of the Prairie Lithium assets under the leadership of Paul and the team. As a near-term producer, Prairie Lithium is an important part of the supply chain. An ecosystem approach will be needed to build resilient North American supply chains.”

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