Stardust Power (NasdaqGM:SDST) Q4 2025 Earnings call March 25, 2026 05:30 PM ET Company ParticipantsJohanna Gonzalez - Director of Investor Relations and CommunicationsRoshan Pujari - Founder and CEOUday Devasper - CFOOperatorGood afternoon and welcome to Stardust Power Inc.'s Year-End 2025 Earnings Call. My name is Tawanda, and I'll be your operator today. Before this call, Stardust Power issued its financial results for the year-end 2025. Joining us on today's call are Stardust Power's Founder and CEO, Ro ...

Stardust Power (NasdaqGM:SDST) Q4 2025 Earnings call March 25, 2026 05:30 PM ET Speaker1Good afternoon and welcome to Stardust Power Inc.'s year-end 2025 earnings call. My name is Tawanda, and I'll be your operator today. Before this call, Stardust Power issued its financial results for the year-end 2025. Joining us on today's call are Stardust Power's Founder and CEO, Roshan Pujari, and CFO, Uday Devasper. Following their remarks, we will open the call for questions. Before we begin, Johanna Gonzalez, Star ...

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, 2025 ☐ 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 Insights - New to The Street is a prominent financial media brand that broadcasts weekly on Bloomberg Television and Fox Business, reaching millions of households across the U.S., Latin America, and MENA regions [6] Group 1: Featured Companies - FreeCast (NASDAQ:CAST) is transforming digital media aggregation and streaming access for consumers worldwide [3] - KLED.ai is advancing AI-driven enterprise and data intelligence solutions [3] - Lantern Pharma (NASDAQ:LTRN) is a leader in AI-powered oncology drug development [3] - BlackBarn Restaurant is a premier culinary destination in New York City known for its farm-to-table excellence [3] - Virtuix (NASDAQ:VRTX) specializes in immersive virtual reality technology [4] - NRx Pharmaceuticals (NASDAQ:NRXP) focuses on advanced therapeutics for critical conditions [4] - PetVivo Holdings is involved in veterinary regenerative medicine [4] - DataVault AI (NASDAQ:DVLT) provides data monetization and tokenization infrastructure [4] - Roadzen (NASDAQ:RDZN) offers an AI-powered insurance and mobility platform [4] - Stardust Power (NASDAQ:SDST) is engaged in lithium and energy infrastructure solutions [4] - CISO Global (NASDAQ:CISO) is an enterprise cybersecurity leader [4] - The Sustainable Green Team (OTC:SGTM) focuses on climate and sustainable infrastructure solutions [4] Group 2: Media Reach and Impact - New to The Street has a combined platform reach exceeding 5.1 million subscribers, including 4.44 million on its YouTube channel and over 700,000 on the NewsOut Digital Network [4][5] - The platform utilizes various distribution channels, including LinkedIn, X, Instagram, and Facebook, along with iconic billboard placements in Times Square and NYC's Financial District [4] - New to The Street continues to outperform traditional financial media platforms in terms of reach, engagement, and measurable impact, establishing itself as a dominant force in next-generation financial media [5]

Lithium Refinery Development - Stardust Power's Muskogee lithium refinery is expected to produce up to 25,000 metric tons per year of battery-grade lithium carbonate in Phase I, with a planned total capacity of 50,000 metric tons per year[2] - The estimated capital expenditure (CapEx) for Phase I of the refinery is approximately $500 million[2] - The company raised $13.2 million in equity capital and secured up to $10.0 million in debt financing to support the development of the lithium refinery[3] - The company completed an independent third-party review confirming low technical and design risk for the Muskogee lithium refinery project[3] - Stardust Power entered into non-binding feedstock supply agreements totaling up to 13,500 metric tons per year of lithium carbonate equivalent[3] Financial Performance - The net loss for the year ended December 31, 2025, was $15.7 million, an improvement from a net loss of $23.8 million in 2024[6] - Loss per share decreased to $2.13 for 2025, compared to $5.55 for the previous year[6] - Net cash used in operating activities decreased to $8.3 million in 2025 from $9.7 million in 2024[6] - As of December 31, 2025, the company had cash and cash equivalents of approximately $3.5 million[6] - The company has established a $10.0 million synthetic ATM equity facility to provide flexible access to capital for project advancement[6]

Core Insights - Stardust Power Inc. has made significant progress in the development of its lithium refinery project in Muskogee, Oklahoma, with key engineering milestones achieved and strategic supply agreements established [2][5] Refinery Project Milestones and Business Highlights - The company completed the Front-End Loading Level 3 (FEL-3) engineering study, estimating a capital expenditure of approximately $500 million for the first phase of the refinery, which aims to produce up to 25,000 metric tons of battery-grade lithium carbonate annually [2][5] - An independent review by Black & Veatch confirmed low technical and design risk for the project, indicating that Phase 1 production targets are expected to be achievable [5] - The company has entered into non-binding feedstock supply agreements totaling up to 13,500 metric tons per year of lithium carbonate equivalent, enhancing its supply chain [5] - Groundbreaking for the refinery site has commenced, and the company received its air quality construction permit from the Oklahoma Department of Environmental Quality [5] Financial Highlights - As of December 31, 2025, the company reported cash and cash equivalents of approximately $3.5 million and incurred a net loss of $15.7 million, an improvement from a loss of $23.8 million in the previous year [10] - Loss per share decreased to $2.13 from $5.55 year-over-year, attributed to lower financing charges and reduced general and administrative expenses [10] - Net cash used in operating activities decreased to $8.3 million from $9.7 million, while net cash used in investing activities was $3.4 million, down from $4.8 million [10] Subsequent Events - The company raised $13.2 million in equity capital and secured up to $10 million in debt financing to support the development of the lithium refinery [5] - A $10 million synthetic ATM equity facility was established to provide flexible access to capital [5] - The senior leadership team was strengthened with new appointments, enhancing expertise in legal, regulatory, and project development matters [5]

Company Overview - Stardust Power Inc. is an American developer of battery-grade lithium carbonate aimed at enhancing America's energy security through resilient supply chains [3] - The company is constructing a lithium refinery in Muskogee, Oklahoma, with an annual production capacity of up to 50,000 metric tons of battery-grade lithium carbonate [3] - Stardust Power is publicly traded on Nasdaq under the ticker "SDST" [3] Financial Results Announcement - The company will release its year-end 2025 financial results after market close on March 17, 2026 [1] - A conference call to discuss the results will be hosted by the CEO Roshan Pujari and CFO Uday Devasper on March 25, 2026, at 5:30 PM ET [1] Conference Call Participation - Participants can access the call by registering through a provided link to receive dial-in information and a unique PIN [2] - A live audio webcast of the call will also be available through a specified website link [2] - Participants are advised to log in at least 15 minutes early to receive instructions [2]

Core Insights - Stardust Power Inc. has joined the Cornerstone Consortium, a collaborative framework aligned with the U.S. Department of Defense, aimed at strengthening the domestic industrial base and securing critical supply chains [1][2][3] Group 1: Company Participation - Stardust Power's involvement in the Cornerstone Consortium supports national efforts to reduce reliance on foreign-sourced critical minerals and enhance the U.S. industrial ecosystem for energy storage and defense technologies [3][4] - The company is advancing its Muskogee refinery project, which is expected to produce up to 50,000 metric tons of battery-grade lithium carbonate annually, reinforcing its commitment to U.S.-based lithium supply chains [5][4] Group 2: Consortium Objectives - The Cornerstone Consortium includes a diverse range of organizations, such as defense contractors, small businesses, and academic institutions, focusing on collaboration across 18 industrial sectors to address supply chain vulnerabilities and enhance manufacturing resiliency [2] - The consortium operates under a government-managed framework that facilitates collaboration between the Department of Defense and industry participants, aiming to expand the industrial base and accelerate the delivery of mission-critical capabilities [4]

Core Viewpoint - Stardust Power Inc. has secured up to $10 million in common equity financing to support its lithium carbonate development project, enhancing its financial flexibility and growth potential [1][4]. Financing Structure - The company has entered into a common stock purchase agreement with B. Riley Principal Capital II, LLC, allowing it to raise capital incrementally over a 36-month period [1][2]. - This financing structure helps the company avoid large block discounts and aligns funding with its business needs [2]. Use of Proceeds - Proceeds from the equity financing are intended for pre-construction and construction activities, long-term growth objectives, working capital, and general corporate purposes [3]. Strategic Importance - The CEO of Stardust Power emphasized that this facility provides a flexible capital tool for advancing a strategically important U.S. lithium project, allowing the company to strengthen its balance sheet while remaining disciplined in capital market access [4]. Company Overview - Stardust Power is focused on developing battery-grade lithium carbonate to enhance America's energy security, with a lithium refinery in Muskogee, Oklahoma, capable of producing up to 50,000 metric tons annually [5].

As filed with the Securities and Exchange Commission on February 12, 2026 No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 STARDUST POWER INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 2800 99-3863616 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification No.) 15 E. Putnam Ave, Suite 378 Greenwi ...