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Stardust Power (NASDAQ:SDST) has announced a 1-for-10 reverse stock split effective September 8, 2025, aimed at regaining Nasdaq compliance and strengthening its market position. The split will reduce outstanding shares to approximately 8.46 million, with the stock continuing to trade under the SDST symbol.
The strategic move, approved by shareholders on June 9, 2025, is designed to maintain capital markets access and enhance institutional investor appeal as the company advances its U.S. lithium refining project. Upcoming milestones include completion of FEL-3 engineering work, permitting advancement, securing project financing, and beginning construction of the Muskogee, Oklahoma lithium processing facility.
Stardust Power (NASDAQ:SDST), a U.S. battery-grade lithium products developer, reported Q2 2025 financial results with a net loss of $3.7 million ($0.06 per share), compared to $2.7 million loss in Q2 2024. The company successfully raised $4.52 million through a public offering in June 2025.
Key operational highlights include progress on the FEL-3 engineering study, formation of a strategic partnership with Ohio University for lithium extraction research, and advancement in engineering and permitting. The company ended Q2 with $2.6 million in cash, no long-term debt, and increased net cash used in operating activities to $4.5 million for H1 2025.
[ "Successfully raised $4.52 million through public offering", "No long-term debt on balance sheet", "Strategic partnership with Ohio University for lithium extraction research", "Improved loss per share to $(0.06) from $(0.07) year-over-year" ]Stardust Power (NASDAQ: SDST), a developer of battery-grade lithium products, has scheduled its Q2 2025 earnings release for August 13, 2025, after market close.
The company will host a conference call at 5:30 PM ET on the same day, featuring CEO Roshan Pujari and CFO Uday Devasper. Participants can join through a dial-in registration link or access the live audio webcast through the company's website. Attendees are advised to log in 15 minutes before the call.
Stardust Power (NASDAQ: SDST), a U.S. battery-grade lithium products developer, reported its Q1 2025 financial results. The company posted a net loss of $3.8 million ($(0.07) per share), compared to $1.4 million loss in Q1 2024. Key operational highlights include securing a service agreement with Oklahoma Gas and Electric for a dedicated substation providing 40MW of power at the Muskogee refinery site, and confirmation that the facility won't require an industrial wastewater permit due to its closed-loop water system.
Financial position shows cash and cash equivalents of $1.6 million with zero long-term debt. The company raised $8.0 million through public offering and warrant inducements, while using $2.9 million in operating activities and $1.0 million in investing activities. Stardust Power appointed Carlos Urquiaga as Senior Advisor, bringing over $40 billion in transaction experience to support financing efforts.
Stardust Power (NASDAQ: SDST) has signed a key service agreement with Oklahoma Gas and Electric Company (OG&E) to develop an electric substation for its proposed lithium refinery in Muskogee, Oklahoma. The substation, funded through a long-term usage commitment, will provide up to 40 megawatts of power capacity to what is set to become one of North America's largest lithium refineries.
Located in the Southside Industrial Park on a 66-acre site, the facility will contribute to domestic battery-grade lithium production, crucial for electric vehicles, energy storage, military technologies, and AI applications. The project is currently advancing toward its Final Investment Decision (FID) stage and is expected to create hundreds of well-paying jobs while establishing Oklahoma as a hub for clean energy and critical minerals processing.
Stardust Power (NASDAQ: SDST) has appointed Carlos Urquiaga as Senior Advisor, reporting to CEO Roshan Pujari. Urquiaga brings over 30 years of experience in metals, mining, energy, and infrastructure sectors, with expertise in capital raising and financial advisory services.
Throughout his career at BNP Paribas, Citi and Appian Capital, Urquiaga has executed over $40 billion in financing and advisory transactions, including notable projects like Teck's Quebrada Blanca Phase 2 and Freeport's Cerro Verde expansion.
In his new role, Urquiaga will focus on guiding Stardust Power through achieving Final Investment Decision (FID), supporting capital raising activities through debt and equity financing, and advancing strategic initiatives to scale lithium production for the growing battery-grade materials market.
Stardust Power (NASDAQ: SDST) reported its financial results for the year ended December 31, 2024, marking significant operational milestones despite widening losses. The company incurred a net loss of $23.8 million in 2024, compared to $3.8 million in 2023, with a loss per share of $0.55.
Key developments include the purchase of a 66-acre refinery site in Muskogee, Oklahoma for $1.7 million, and securing essential permits. The company raised $6.4 million in capital during 2024 and an additional $8.65 million in early 2025 through equity transactions and warrant exercises.
Notable achievements include entering a non-binding agreement with Sumitomo Americas for potential supply of up to 25,000 metric tons of lithium carbonate annually, signing a licensing agreement with KMX Technologies for VMD concentration technology, and advancing their Definitive Feasibility Study. The company also strengthened its leadership team with key appointments.
Stardust Power (NASDAQ: SDST), a developer of battery-grade lithium products, has scheduled its year end 2024 financial results release for Thursday, March 27, 2025, after market close. The company will host a conference call at 5:30pm ET the same day, featuring CEO Roshan Pujari and CFO Uday Devasper.
The company is developing a strategic lithium refinery in Muskogee, Oklahoma, with a planned production capacity of 50,000 metric tons per annum of battery-grade lithium. The facility aims to strengthen America's energy leadership through resilient supply chains, with a commitment to sustainability throughout the production process.
Stardust Power (NASDAQ: SDST) has finalized an exclusive licensing agreement with KMX Technologies for their vacuum membrane distillation (VMD) technology for lithium extraction and concentration. The agreement covers the United States, Canada, and select international markets.
The technology will be integrated into Stardust Power's hub and spoke refinery model, particularly supporting their lithium refinery under development in Muskogee, Oklahoma, which has a planned capacity of up to 50,000 metric tons per annum. KMX's VMD technology enables efficient lithium concentration from brine sources with minimal losses while producing high-quality water as a byproduct, reducing reliance on local freshwater resources.
The implementation aims to reduce energy consumption, water usage, and operating costs across the supply chain, while strengthening the U.S. critical mineral supply chain.
Stardust Power (NASDAQ: SDST) has announced the pricing of a public offering to raise $5.75 million through the sale of up to 4,792,000 shares of common stock and warrants. The combined offering price is set at $1.20 per share with accompanying warrants exercisable at $1.30 per share for five years.
The offering, expected to close around January 27, 2025, includes investment from a large institutional investor. A.G.P./Alliance Global Partners is serving as the sole placement agent. The company plans to use the proceeds for working capital, general corporate purposes, and to satisfy existing promissory notes.
The securities are being offered through a registration statement on Form S-1 that was declared effective on January 23, 2025. CEO Roshan Pujari noted that this financing supports their progress towards the FID stage for their large central lithium refinery.
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