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Stardust Power Inc. Common Stock
As of May 30, 2026 at 24:05 UTC
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About Stardust Power Inc. Common Stock
Stardust Power Inc is developing a lithium refinery at its Facility in Muskogee, Oklahoma, with planned capacity of producing up to 50,000 metric tons per annum of BGLC once fully operational. The company will source lithium brine feedstock from various suppliers and may make investments upstream to secure additional feedstock. The Company seeks to sell its products to electric vehicle (EV) manufacturers as the primary market, with potential applications in other areas such as battery manufacturers, the U.S. military, and original equipment manufacturers (OEMs).
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Latest News
5 articlesStardust Power (SDST) reported Q1 2026 results with a net loss of $5.2 million, up from $3.8 million in Q1 2025. The company secured an air quality construction permit for its Muskogee, Oklahoma lithium refinery and entered into a Letter of Intent for up to $150 million in project-level financing. Cash position declined to $1.2 million from $3.5 million at year-end 2025. The company also secured feedstock supply agreements and expanded its domestic lithium ecosystem positioning.
Stardust Power announced preliminary 2025 results showing improved financial performance with net loss of $15.7 million (down from $23.8 million in 2024). The company made significant progress on its Muskogee, Oklahoma lithium refinery project, completing FEL-3 engineering studies, securing feedstock supply agreements, and receiving air quality construction permits. Phase I is expected to produce 25,000 metric tons annually with estimated CapEx of $500 million. However, the company maintains substantial doubt about its ability to continue as a going concern and requires additional funding.
Stardust Power Inc. announced a 1-for-10 reverse stock split to regain Nasdaq compliance and improve investor accessibility, reducing outstanding shares to approximately 8,458,975 and maintaining its strategic focus on lithium refining project development.