Riley Financial Inc. (NASDAQ: RILY) has issued a “Buy” rating on Stardust Power Inc. (NASDAQ: SDST), setting a promising price target of $12.00 per share. The diversified financial company recognizes great possibilities in Stardust’s strategies for building one of the largest lithium refineries in the U.S., located in Muskogee, Oklahoma. When fully operational, the refinery is expected to produce an impressive 50,000 metric tons of lithium annually. As final engineering and financing continue, the plant’s strong economic prospects and speedy development schedule have placed Stardust firmly within the lithium market.
Stardust Power has decided to distinguish itself using direct lithium extraction (DLE) technology. B. Riley considers Stardust a unique pick in the lithium industry because DLE could be the next big leap forward. DLE offers significant environmental benefits and efficiency gains, unlike traditional extraction…
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