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Stardust Power (Nasdaq: SDST) reported Q2 2026 results and a business update focused on its proposed battery-grade lithium carbonate refinery in Muskogee, Oklahoma. The company began site preparation, moving the project beyond completed FEL-3 engineering toward detailed design, and was selected as industrial partner in a U.S. Department of Energy-funded research initiative led by Ohio University.
As of June 30, 2026, cash and equivalents were approximately $0.5 million, down from $3.5 million at year-end 2025. Q2 2026 net loss was $3.9 million versus $3.7 million a year earlier, with loss per share of $(0.35) compared to $(0.59), reflecting a higher share count. For the first half of 2026, net cash used in operating activities was $4.0 million (vs. $4.5 million in 2025), investing cash outflows were $0.2 million (vs. $2.2 million), and financing activities provided $1.3 million (vs. $8.4 million). After quarter-end, the company raised about $3.1 million via its ATM equity program and continued project financing initiatives, while appointing Ray Rivers to its Board.
Stardust Power (NASDAQ: SDST) has appointed V. Ray Rivers to its Board of Directors, effective August 10, 2026. He will also join the Board’s Audit Committee and Compensation Committee. Rivers brings over 30 years of capital markets, institutional investment and financial services experience.
According to Stardust Power, Rivers has held senior roles at Bear Stearns, CRT Capital Group, Cantor Fitzgerald, Gabelli & Company and Imperial Capital, and serves as Co-Chair of the Greenwich Economic Forum. The company is developing a lithium carbonate refinery in Muskogee, Oklahoma with expected capacity of up to 50,000 metric tons per year.
Stardust Power (NASDAQ: SDST) will release its Q2 2026 financial results after market close on Thursday, August 13, 2026. Founder and CEO Roshan Pujari and CFO Uday Devasper will host a conference call at 5:30 p.m. ET the same day, with access via online registration or live audio webcast.
Stardust Power (NASDAQ: SDST) announced a non-binding Letter of Intent with battery technology company Charge CCCV (C4V) for potential supply of battery-grade lithium carbonate from Stardust Power’s planned Muskogee, Oklahoma refinery. C4V provided a preliminary phased demand forecast of 3,000 MT in 2028, 10,000 MT in 2029 and 20,000 MT by 2030, subject to final supply volumes, pricing and delivery schedules to be set in a definitive agreement. The parties plan to collaborate on product qualification and alignment with C4V’s technical and commercial requirements.
According to Stardust Power, this LOI, together with a previously disclosed non-binding agreement with a global trading house to potentially sell up to 25,000 MT per year for 10 years (plus a 5-year extension option), represents a substantial portion of its planned refinery capacity of up to 50,000 MT per year and could support a sales pipeline of up to billions of dollars, assuming current lithium prices and execution of definitive contracts.
Stardust Power (NASDAQ: SDST) has started site engineering at its Muskogee, Oklahoma lithium refinery, moving from FEL-3 front-end engineering into execution-level design. Brown & Root will conduct geotechnical borings and subsurface investigations based on the completed three-dimensional plant model.
The work will generate site-specific data for civil design, structural foundations, procurement and construction planning. The Muskogee refinery is designed to produce up to 50,000 metric tons per year of battery-grade lithium carbonate and is expected to be among the largest U.S. lithium refining facilities upon completion.
Stardust Power (NASDAQ: SDST) has been selected as an industrial partner in a U.S. Department of Energy-funded research program led by Ohio University and CONSOL Innovations.
The project will develop electrochemical technology to extract lithium from domestic waste streams, with Stardust Power evaluating lithium samples and supporting potential commercialization pathways.
Stardust Power (Nasdaq: SDST) reported Q1 2026 results and progress on its Muskogee, Oklahoma lithium refinery.
Cash was $1.2 million vs. $3.5 million at year-end 2025; net loss was $5.2 million vs. $3.8 million a year earlier. The company secured a key air quality construction permit for Muskogee and reported lower operating and investing cash outflows year over year. An at-the-market equity program of up to $5 million was established.
Stardust Power (NASDAQ: SDST) will release Q1 2026 financial results after market close on Thursday, May 14, 2026. A conference call hosted by CEO Roshan Pujari and CFO Uday Devasper is scheduled for 5:30 PM ET that day.
Participants must register to receive dial-in details and a unique PIN via the provided registration link and can also listen via a live audio webcast. Attendees are advised to log in at least 15 minutes early for instructions.
Stardust Power (NASDAQ: SDST) entered a non-binding Letter of Intent with an institutional investor indicating intent to invest up to $150 million at the project level to support its planned lithium refinery in Muskogee, Oklahoma.
The refinery is designed for 50,000 metric tons per annum battery-grade lithium carbonate in two 25,000 tpa phases; the company completed an FEL-3 engineering study and secured an air permit enabling construction and commissioning once financing is in place.
Stardust Power (NASDAQ: SDST) entered a non-binding Letter of Intent to secure up to 15,000 metric tons per annum LCE as lithium chloride from a U.S. brine project to supply its Muskogee, Oklahoma refinery. Initial deliveries are contemplated beginning in the first half of 2028.
The company completed its FEL-3 engineering study and received an air quality construction permit for the Muskogee refinery, which benefits from Port of Muskogee Free Trade Zone access and multimodal transport links.