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].

Financial Data and Key Metrics Changes - As of December 31, 2024, the company had cash and cash equivalents of $0.9 million, down from $1.3 million as of December 31, 2023 [56] - The company incurred a net loss of $23.8 million for the year ended December 31, 2024, compared to a net loss of $3.8 million for the prior period [57] - Loss per share was 55 cents for the current year compared to 9 cents for the prior period, driven primarily by higher general and administrative costs [58] Business Line Data and Key Metrics Changes - The company is currently pre-revenue and has devoted substantial efforts to raising capital and organizing the company, resulting in significant operating losses [57][58] - Net cash used in operating activities totaled $9.7 million for the current fiscal year compared to $3 million for the prior period [58] - Net cash provided by financing activities was $14.1 million for the current fiscal year compared to $4.5 million for the prior period, driven primarily by cash received from subscription agreements and short-term loans [59] Market Data and Key Metrics Changes - The global lithium market is experiencing a slight improvement in pricing, with expectations for a significant surge in prices around 2026 to 2027 [7] - Demand for lithium is expected to remain strong, driven by applications beyond just the EV market, including energy storage systems and military applications [13][14] Company Strategy and Development Direction - The company aims to bridge the critical refining gap in the lithium supply chain, positioning itself as a North American source for refined lithium [10] - The company has secured a construction-ready site in Muskogee, Oklahoma, and is on track for final approvals to begin construction [17][18] - A long-term supply agreement with Sumitomo Corporation outlines a potential supply deal for 20,000 metric tons of lithium carbonate annually, with the possibility of increasing that amount [21][22] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term outlook for lithium, driven by increasing demand across multiple sectors [8][9] - The company is focused on executing its strategic initiatives and positioning itself for future growth despite recent stock price volatility [39][43] - Management highlighted the importance of upcoming catalysts, including the completion of engineering studies and securing upstream supply [44][45] Other Important Information - The company has made significant investments in technology, including an exclusive licensing agreement with KMX Technologies for advanced lithium concentration technology [24] - The company has added key personnel to its team, including a new Chief Operating Officer and an accounting manager, to enhance operational efficiency [32][34] Q&A Session Summary Question: What are the necessary factors needed to see recovery in lithium pricing? - Management noted that while there is speculation about oversupply and price manipulation, there is consensus about strong demand for battery-grade lithium, especially in 2026 and 2027 [71][72] Question: What does the recent development in EV markets mean for the U.S. EV market and domestically produced lithium? - Management indicated that improvements in infrastructure, such as charging systems, will support increased EV adoption, creating substantial demand that will outpace supply [75] Question: Are there any plans for additional test work with the KMX licensing agreement? - Management confirmed excitement about the KMX agreement and indicated plans for further test work and exploration of feedstock procurement strategies [78][82] Question: How will rising freight costs impact operational outlook? - Management explained that creating a North American ecosystem for raw materials and refining could lead to significant savings compared to competitors who transport goods to China [87] Question: Will the KMX technology be used exclusively at the lithium brine production location? - Management clarified that while the initial use will be closer to the wellhead, there are opportunities to use the technology across the refining process [92]

Stardust Power (SDST) Q4 2024 Earnings Call March 27, 2025 05:30 PM ET Company Participants Johanna Gonzalez - Director of Investor Relations and CommunicationsRoshan Pujari - Founder & CEOUday Devasper - CFOJake Sekelsky - MD & Head of Metals & Mining Research Conference Call Participants Henry Hurrell - AnalystGreg Mesniaeff - Research AnalystTate Sullivan - Senior Research Analyst Operator Thank you for standing by, and welcome to the Stardust Power's Fourth Quarter twenty twenty four Earnings Call. At t ...

Financial Incentives and Funding - Stardust Power has received an illustrative incentives package of up to $257 million from the State of Oklahoma, contingent on meeting specific milestones [181]. - The Oklahoma Quality Jobs Program could provide $100,332,936 based on an annual payroll of $99,562,000 over 10 years, requiring an average wage of $120,071 and the creation of at least 10 new jobs [186]. - The Company has engaged industry experts to assist in applying for government grants, with potential grants totaling up to $27.5 million from the Department of Defense and $150 million from the Department of Energy [188]. - The Company has entered into binding term sheets for a private placement to raise $550,000 for capital expenditures and working capital [183]. Production and Supply Chain - The Company has not yet commenced production and has no existing customers, but has received non-binding letters of intent from industry participants [192]. - The Company has entered into a non-binding letter agreement with Sumitomo for a potential long-term commercial offtake agreement to supply 20,000 metric tons of lithium carbonate per year, with the possibility to increase to 25,000 metric tons [193]. - The Department of Energy plans to invest over $7 billion in the battery supply chain from fiscal years 2022 to 2026, focusing on sustainable sourcing and processing of critical minerals [187]. - The Company intends to utilize brine feedstock to reduce dependency on imported raw materials, potentially lowering costs and speeding up time to market [196]. Environmental and Regulatory Compliance - The company has received a general permit for stormwater discharges and is under technical review for its air emissions permit application submitted on January 20, 2025 [202]. - Stardust Power is engineering its facility based on Zero Liquid Discharge (ZLD) technologies, minimizing environmental impact [218]. - The company has submitted an air emissions permit application, which is currently under technical review, indicating progress in regulatory compliance [202]. - Compliance with environmental regulations may impose substantial costs and affect operational results [201]. Workforce and Human Capital - As of December 31, 2024, Stardust Power has eight employees, indicating a small workforce [214]. - The company intends to focus hiring efforts on local communities near project areas, promoting social responsibility [219]. - The company intends to offer competitive compensation and educational opportunities to retain human capital [513]. - Human capital risks are present if the company fails to attract and retain qualified individuals, particularly in specialized technical roles [513]. Risk Management - The company is exposed to market risks, including interest rate risk and liquidity risk, which could impede growth plans [509][510]. - The company is currently operating in a volatile inflationary environment, which has led to higher costs impacting its business [518]. - The company is subject to credit risk with cash balances exceeding the FDIC insured amount of $250,000 [517]. - The company has only one financial banking institution, which contributes to its credit risk exposure [517]. - Legal and regulatory risks include potential non-compliance with extensive regulations across various jurisdictions [515]. - The company has established procedures to ensure compliance with statutory and regulatory requirements, including public company reporting obligations [515]. - The company is developing policies to manage operational risk and ensure compliance with corporate policies and limits [512]. - The company has implemented business continuity plans to cover critical processes on a company-wide basis [512]. Management and Strategy - The management team has decades of experience in lithium-ion technology and capital raising, which is expected to support the Company's growth strategy [196]. - The Company plans to optimize its refinery for multiple inputs, which is expected to reduce risks and costs, differentiating it in the industry [196]. - Stardust Power is competing with established companies in lithium production, which may affect product pricing due to market fluctuations [198]. - The company plans to source energy for its refinery from sustainable sources, including solar and wind power [217]. - Stardust Power is committed to transparency and has established various corporate governance policies [220].

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].

Group 1 - Stardust Power Inc. will release its year-end 2024 financial results after market close on March 27, 2025 [1] - A conference call will be hosted by the CEO and CFO at 5:30 PM ET on the same day to discuss the results [1] - Participants can access the call through a registration link and will receive dial-in information and a unique PIN [2] Group 2 - Stardust Power is focused on developing battery-grade lithium products to enhance America's energy leadership [3] - The company is constructing a lithium refinery in Muskogee, Oklahoma, with a production capacity of up to 50,000 metric tons per annum [3] - Stardust Power emphasizes sustainability throughout its production process [3]

Core Insights - Stardust Power has finalized an exclusive licensing agreement with KMX Technologies to utilize advanced vacuum membrane distillation (VMD) technology for lithium extraction and concentration, enhancing production efficiency and sustainability [1][2][3] Company Overview - Stardust Power is an American developer of battery-grade lithium products, focused on building resilient supply chains to bolster America's energy leadership [6] - The company is developing a lithium refinery in Muskogee, Oklahoma, with an anticipated production capacity of up to 50,000 metric tons per annum [6] Licensing Agreement Details - The exclusive license allows Stardust Power to operate KMX's VMD units for lithium extraction across the U.S., Canada, and select international markets [2][5] - This agreement supports the company's commitment to developing the North American lithium supply chain and onshoring critical minerals [2] Technology Benefits - KMX's VMD technology reduces energy consumption and water use, enhancing operational efficiency and sustainability in lithium production [3][4] - The technology minimizes losses during lithium concentration from brine sources and produces high-quality water as a byproduct, contributing to water sustainability [4] Strategic Goals - The integration of KMX's technology aims to lower operating costs and strengthen the U.S. critical mineral supply chain, enhancing national security [3][5] - Stardust Power plans to optimize the delivery of feedstocks to its lithium refinery by deploying KMX's VMD technology throughout its supply chain [5]

Core Viewpoint - Stardust Power Inc. (SDST) is experiencing significant selling pressure, having declined 66.9% over the past four weeks, but is now positioned for a potential trend reversal as it is in oversold territory and analysts expect better earnings than previously predicted [1]. Group 1: Stock Performance and Technical Indicators - SDST's stock has an RSI reading of 14.62, indicating it is oversold and suggesting a potential reversal in trend [5]. - The Relative Strength Index (RSI) is a momentum oscillator that measures price movement speed and change, with a reading below 30 typically indicating an oversold condition [2][3]. Group 2: Earnings Estimates and Analyst Consensus - Over the last 30 days, the consensus EPS estimate for SDST has increased by 40.6%, indicating a positive shift in earnings expectations [6]. - There is strong agreement among sell-side analysts in raising earnings estimates for SDST, which usually correlates with price appreciation in the near term [6]. Group 3: Zacks Rank and Investment Potential - SDST currently holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further supporting its potential for a turnaround [7].

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].

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].