Core Viewpoint - Stardust Power Inc. has appointed Mr. Carlos Urquiaga as Senior Advisor to guide the company through critical stages, particularly in capital raising and achieving Final Investment Decision (FID) for its lithium production initiatives [1][4][5]. Company Overview - Stardust Power Inc. is an American developer focused on battery-grade lithium products, aiming to enhance America's energy leadership by establishing resilient supply chains [6]. - The company is developing a lithium refinery in Muskogee, Oklahoma, with an expected production capacity of up to 50,000 metric tons per annum of battery-grade lithium [6]. Appointment of Carlos Urquiaga - Mr. Urquiaga brings over 30 years of experience in the metals and mining, energy, and infrastructure sectors, with a specialization in capital raising and financial advisory services [2]. - He has successfully delivered over $40 billion in financing and advisory transactions throughout his career, including significant projects in the electric vehicle battery materials supply chain [2][3]. - His previous roles include senior leadership positions at BNP Paribas, Citi, and Appian Capital, where he was involved in high-value transactions such as Teck's Quebrada Blanca Phase 2 project and Freeport's Cerro Verde expansion [3]. Strategic Focus - As Senior Advisor, Mr. Urquiaga will lead efforts to achieve FID and support capital raising activities through both debt and equity financing [4]. - He will also assist in advancing the company's strategic initiatives to scale lithium production and meet the growing demand for battery-grade materials [4][5].

Stardust Power Inc. (SDST) Q4 2024 Earnings Conference Call March 27, 2025 05:30 PM ET Company Participants Operator - Conference Call OperatorJoanna Gonzalez - Director of Investor RelationsRoshan Pajari - CEOUday Devaswar - Chief Financial OfficerUnknown Speaker 08 - ParticipantUnknown Speaker 09 - Participant Conference Call Participants Henry Hurl - Analyst (asking on behalf of Nick Giles, B. Riley Securities)Jake Sikelski - Analyst (Alliance Global Partners)Greg Messneff - Analyst (Kingswood Capital Pa ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-39875 STARDUST POWER INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporati ...

Core Viewpoint - Stardust Power Inc. reported its financial results for the year ended December 31, 2024, highlighting significant operational and financial developments as it positions itself in the lithium market to meet growing demand for energy independence and secure supply chains [1][4]. Full Year Business Highlights - The company successfully listed on Nasdaq in 2024 and acquired a 66-acre site in Muskogee, Oklahoma, for approximately $1.7 million [5]. - Key partnerships, including a non-binding agreement with Sumitomo Americas for a potential long-term supply of up to 25,000 metric tons of lithium carbonate annually, were established [5]. - The company is advancing its Definitive Feasibility Study (DFS) with Primero USA, nearing completion of its detailed process design package and updated cost estimates [5]. - New hires include Chris Celano as Chief Operating Officer and Martyn Buttenshaw to the Board of Directors, enhancing the company's leadership in the lithium sector [5]. Financial Highlights - For the year ended December 31, 2024, the company incurred a net loss of $23.8 million, compared to a net loss of $3.8 million for the prior period [4][6]. - Loss per share increased to $0.55 from $0.09, primarily due to higher administrative costs [11]. - Net cash used in operating activities totaled $9.7 million, up from $3.0 million in the prior period, driven by investments in operations and hiring [11]. - The company raised a total of $6.4 million in capital during the year, consisting of $2.8 million in equity and $3.5 million in debt [5]. Strategic Developments - The company broke ground on its lithium refinery site in Muskogee, Oklahoma, on January 22, 2025, marking a significant milestone [5]. - A licensing agreement with KMX Technologies was signed to access advanced VMD concentration technology, aimed at improving operational efficiency and sustainability [5]. - An equity raise in January 2025 generated $5.75 million through the issuance of common stock and cash warrants [5].

GREENWICH, Conn., March 18, 2025 (GLOBE NEWSWIRE) -- Stardust Power Inc. (NASDAQ:SDST) ("Stardust Power" or the "Company"), an American developer of battery-grade lithium products, today announced that it will release its year end 2024 financial results after market close on Thursday 27 March, 2025. Roshan Pujari, Founder and Chief Executive Officer and Uday Devasper, Chief Financial Officer will host a conference call at 5:30pm ET on Thursday 27 March, 2025 to discuss the Company's results. Participants ma ...

Following the October 8, 2024 announcement, Stardust Power finalizes exclusive licensing agreement with KMX Technologies to enhance lithium production efficiency and sustainability. GREENWICH, Conn., Feb. 10, 2025 (GLOBE NEWSWIRE) -- Stardust Power Inc. (NASDAQ: SDST) (“Stardust Power” or the “Company”), an American developer of battery-grade lithium products, today announced the execution of an exclusive licensing agreement with KMX Technologies, Inc. (“KMX”), a leader in advanced lithium brine concentrati ...

Stardust Power Inc. (SDST) has been on a downward spiral lately with significant selling pressure. After declining 66.9% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether ...

Core Viewpoint - Stardust Power Inc. has announced a public offering to raise approximately $5.75 million through the sale of shares and warrants, aimed at supporting its lithium product development and operational stability [1][2][3]. Group 1: Offering Details - The offering includes up to 4,792,000 shares of common stock and warrants at a combined price of $1.20 per share, with warrants exercisable at $1.30 per share [1]. - The expected closing date for the offering is around January 27, 2025, pending customary closing conditions [3]. - The net proceeds will be used for working capital, general corporate purposes, and to satisfy existing promissory notes [3]. Group 2: Company Background - Stardust Power is focused on developing battery-grade lithium products and is constructing a lithium refinery in Muskogee, Oklahoma, with a projected capacity of 50,000 metric tons per annum [6]. - The company aims to enhance America's energy leadership by building resilient supply chains and is committed to sustainability throughout its processes [6].

Lieutenant Governor, Matt Pinnell and Roshan Pujari, Founder and CEO, Stardust Power break ground at the Stardust Power ceremony, January 22nd, 2025 GREENWICH, Conn., Jan. 23, 2025 (GLOBE NEWSWIRE) -- Stardust Power Inc. (the "Company" or "Stardust Power") (NASDAQ:SDST), an American developer of battery-grade lithium products, officially broke ground on January 22, 2025, on its lithium refinery at the Southside Industrial Park in Muskogee, Oklahoma. Senior officials from Stardust Power, Lieutenant Governor ...

Core Viewpoint - Stardust Power Inc. has officially commenced construction on its lithium refinery in Muskogee, Oklahoma, aiming to enhance U.S. leadership in critical mineral manufacturing and create new jobs in the region [5][6][8]. Company Overview - Stardust Power Inc. is an American developer focused on battery-grade lithium products, with plans to produce up to 50,000 metric tons per annum at its new facility [11]. - The company trades on the Nasdaq under the ticker symbol "SDST" [11]. Project Details - The lithium refinery is located on a 66-acre site in Muskogee, which benefits from proximity to major transportation networks and a skilled workforce [7]. - The project will be developed in two phases: the first phase will establish a production line with a capacity of 25,000 metric tons per annum, while the second phase will double this capacity to 50,000 metric tons per annum [10]. Economic Impact - The refinery is expected to create hundreds of jobs in engineering, manufacturing, and operations, with additional roles in construction and services potentially increasing this number [9]. - The project is anticipated to drive economic growth in the local community and reinforce Oklahoma's position as a leader in sustainable energy [9][10]. Strategic Importance - The CEO of Stardust Power emphasized the refinery's role in addressing U.S. national security and supply chain risks by onshoring critical mineral manufacturing [8]. - The project aligns with Oklahoma's commitment to sustainable energy and aims to safeguard American interests amid global competition for critical minerals [8][9].