Stardust Power (SDST) Company Report

Stardust Power Inc. has executed a Securities Purchase Agreement for up to $15.0 million in senior secured convertible debt financing.
This financing is intended to support early-stage construction activities at its lithium refinery project in Muskogee, Oklahoma, with an initial $4.0 million drawdown.
The facility has a 24-month term, includes an initial repayment moratorium, and provides the Company with the option to repay in cash or common stock.

7 hours ago

Stardust Power Completes Independent Review of Lithium Refinery Project

SDST

New Projects/Investments

Stardust Power Inc. announced the completion of an independent third-party review of its Front-End Loading 3 (FEL 3) engineering study for its Muskogee, Oklahoma lithium carbonate refinery project.
The review, conducted by Black & Veatch, confirmed low technical and design risk and that Phase 1 production targets of 25,000 metric tons per year are achievable.
The report validated the project's design is based on proven lithium processing systems and that the 24-month construction duration and 12-month ramp-up duration are achievable.
This independent validation reinforces the technical integrity and feasibility of the project, advancing it to the next stage of development.

Dec 10, 2025, 12:30 PM

Stardust Power Reports Q3 2025 Financials and Project Milestones

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Earnings

New Projects/Investments

Delisting/Listing Issues

Stardust Power reported a net loss of $4.5 million and loss per share of $0.53 for Q3 2025, with $1.6 million in cash and cash equivalents on hand, remaining a pre-revenue company.
The company completed its FEL III study for the Muskogee refinery, confirming a Phase one capacity of 25,000 metric tons per year of battery grade lithium carbonate, with estimated Phase one capital expenditures of approximately $500 million and a 24-month construction timeline.
Stardust Power secured feedstock through Letters of Intent (LOIs) with Prairie Lithium for 6,000 metric tons per year and Mandrake Resources for 7,500 metric tons per year of lithium chloride, and an LOI to supply up to 20,000 metric tons per year of battery grade lithium carbonate to a major global trading house.
The company regained NASDAQ compliance after a one-for-10 reverse stock split on September 8 and raised approximately $1.6 million in gross proceeds through an at-the-market facility.

Nov 13, 2025, 10:30 PM

Stardust Power Reports Q3 2025 Financials and Advances Refinery Project

SDST

Earnings

New Projects/Investments

Delisting/Listing Issues

Stardust Power reported a net loss of $4.5 million for Q3 2025, with an accumulated deficit of $64.6 million and $1.6 million in cash and cash equivalents as of the quarter end. The company is currently pre-revenue.
The company completed its FEL-3 study for the Muskogee refinery, confirming a Phase I capacity of 25,000 metric tons per year of battery-grade lithium carbonate, with estimated capital expenditures of $500 million.
Stardust Power secured letters of intent for feedstock supply, including 6,000 metric tons per year from Prairie Lithium and 7,500 metric tons per year from Mandrake Resources.
A letter of intent was signed with a major global trading house to supply up to 20,000 metric tons per year of battery-grade lithium carbonate, representing approximately 80% of Phase I capacity.
The company completed a 1-for-10 reverse stock split on September 8, regained NASDAQ compliance by October 27, and executed a warrant exchange agreement to strengthen its capital structure.

Nov 13, 2025, 10:30 PM

Stardust Power Outlines Strategic Vision and Market Opportunity in Q3 2025

SDST

New Projects/Investments

Stardust Power is an American manufacturer of battery-grade lithium products designed for advanced energy storage systems, including the electric vehicle (EV) and ESS industries, with a mission to secure U.S. energy leadership and build resilient supply chains.
The company plans to develop one of the largest lithium refineries in the U.S. in Muskogee, Oklahoma, aiming for a maximum annual capacity of up to 50,000 metric tons of battery-grade lithium through a two-phased approach.
Stardust Power may receive up to $257 million in incentives from the State of Oklahoma, subject to meeting milestones, and intends to seek federal grant and loan program incentives.
The market for battery-grade lithium is characterized by unprecedented demand, driven by a more than 20-fold increase from EV use, and a projected significant supply deficit. As of November 5, 2025, Stardust Power had a market capitalization of $39.66 million, with its stock closing at $4.04.

Nov 13, 2025, 10:30 PM

Stardust Power Announces Q3 2025 Results and Operational Updates

SDST

Earnings

New Projects/Investments

Delisting/Listing Issues

Stardust Power reported a net loss of $4.5 million for the third quarter ended September 30, 2025, an improvement from $10.1 million in the prior year quarter, with net loss per share improving to $(0.53).
The company maintained a debt-free status and had approximately $1.6 million in cash and cash equivalents as of September 30, 2025.
The FEL-3 engineering report for the Muskogee lithium refinery was completed, outlining a Phase 1 capacity of 25,000 metric tons per annum and an estimated CapEx of approximately $500 million, which is $200 million below the prior estimate.
Stardust Power regained full listing compliance on the Nasdaq Capital Market and, subsequent to quarter end, secured 13,500 metric tons of lithium carbonate equivalent (LCE) feedstock through two supply agreements.

Nov 13, 2025, 10:00 PM

Stardust Power Secures Strategic North American Lithium Supply

SDST

New Projects/Investments

Stardust Power Inc. (SDST) has executed a non-binding Letter of Intent with Prairie Lithium for the supply of 6,000 metric tons per annum of lithium carbonate equivalent (LCE) in the form of lithium chloride.
This lithium chloride feedstock will be sourced from the Prairie Lithium Project in Saskatchewan, Canada, and utilized at Stardust Power's lithium processing facility in Muskogee, Oklahoma.
Initial deliveries are scheduled to commence as early as 2027, with the agreement providing an initial six-year term and options for up to 18 years of secure feedstock supply.
This agreement is anticipated to accelerate Stardust Power's business model, strengthen customer engagement, de-risk Phase 1 development, and unlock new financing avenues.