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].

Core Viewpoint - Stardust Power Inc. has officially commenced construction on its lithium refinery in Muskogee, Oklahoma, which is expected to enhance U.S. national security and supply chain resilience for critical minerals [1][3][4]. Group 1: Project Details - The lithium refinery is located on a 66-acre site acquired in December 2024, strategically positioned near major transportation networks and a skilled workforce [2]. - The project will be developed in two phases, with the first phase aiming to produce up to 25,000 metric tons per annum, and the second phase expected to double the capacity to 50,000 metric tons per annum [6]. Group 2: Economic Impact - The refinery is projected to create hundreds of jobs in engineering, manufacturing, and operations, contributing significantly to local economic growth [5]. - The project has received strong community support and is aligned with Oklahoma's leadership in sustainable energy, reinforcing the state's position in the energy sector [4][5]. Group 3: Strategic Importance - The CEO of Stardust Power highlighted the refinery's role in onshoring critical mineral manufacturing, which is vital for sustaining America's energy leadership and addressing supply chain risks [3]. - The project is seen as a crucial step in safeguarding American interests against foreign consolidation of critical minerals [3].

Core Viewpoint - Stardust Power Inc. has appointed Chris Celano as Chief Operating Officer to enhance its operational capabilities and drive strategic growth in the lithium supply sector [1][2][4]. Group 1: Appointment and Background - Chris Celano brings over 20 years of executive leadership experience, including roles as a CEO and securities attorney, and is a graduate of the Massachusetts Institute of Technology [2]. - His expertise encompasses the energy sector, drilling, engineering, procurement, and construction (EPC), positioning him to effectively lead Stardust Power during its growth phase [2][3]. Group 2: Responsibilities and Goals - As COO, Celano will oversee upstream lithium supply initiatives and processing operations, focusing on sourcing and site development [3]. - He aims to enhance operational efficiency, ensure timely delivery of high-quality lithium products, and strengthen relationships with customers and stakeholders [3]. Group 3: Company Vision and Strategy - Stardust Power is committed to securing America's energy future by developing a lithium refinery in Muskogee, Oklahoma, with a production capacity of up to 50,000 metric tons per annum of battery-grade lithium [6]. - The company emphasizes sustainability throughout its processes and aims to fill the lithium supply gap in the United States [4][6].

Company Overview - Stardust Power Inc. is an American developer of battery-grade lithium products, aiming to enhance America's energy leadership by establishing resilient supply chains [2][5] - 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 [5] Leadership Appointment - Martyn Buttenshaw has been appointed as an Independent Director to the Board of Directors, effective December 16, 2024 [2] - Buttenshaw has extensive experience in the metals and mining sector, having held leadership roles at companies such as Mackay Precious Metals Inc., Pala Investments, and Atacama Copper Corp. [3][4] - His expertise in driving growth and overseeing strategic initiatives in the mining and raw materials supply chain, particularly for electric vehicles and renewable energy, is expected to be valuable for Stardust Power [3] Strategic Vision - The CEO of Stardust Power, Roshan Pujari, expressed enthusiasm about Buttenshaw's appointment, highlighting his industry expertise and strategic vision as crucial for creating long-term value for shareholders [4] - The company is focused on onshoring the manufacturing of battery-grade lithium to support U.S. energy independence [4]

Core Viewpoint - Stardust Power Inc. has completed the acquisition of a 66-acre site in Muskogee, Oklahoma, and is set to begin construction on one of North America's largest lithium refineries, marking a significant milestone in its mission to produce battery-grade lithium for U.S. energy independence [1][2][4]. Group 1: Project Development - The company has secured a General Permit for Stormwater Discharges from Construction Activities, allowing it to commence construction, pending final project financing [1][2]. - Stardust Power plans to submit additional necessary permits in the coming weeks, completing the final regulatory steps for the project [2]. - The selected site in Muskogee offers strategic advantages, including proximity to major logistics networks and a skilled workforce, which are essential for efficient construction and operation [3]. Group 2: Economic Impact - The City and County of Muskogee established a $27 million Tax Increment Financing (TIF) district to support the project, which will fund infrastructure improvements crucial for the refinery's development [5]. - The project is expected to create hundreds of high-quality manufacturing jobs, contributing to Oklahoma's position in America's energy leadership [4]. Group 3: Company Overview - Stardust Power is focused on developing battery-grade lithium products to strengthen America's energy supply chains, with an anticipated production capacity of up to 50,000 metric tons per annum [6].

Business Development - Stardust Power is developing a large-scale lithium refinery in Oklahoma to manufacture battery grade lithium products primarily for the electric vehicle market [136]. - The business combination with Global Partner Acquisition Corp II was completed on July 8, 2024, resulting in the renaming of the company to Stardust Power Inc. [144]. - An engineering agreement was signed with Primero USA, Inc. for approximately $4.7 million to assist in the development of the Muskogee Lithium facility [147]. - The company is in the process of conducting feasibility studies for the production of lithium products from the Liberty Lithium Brine Project in California [152]. - Stardust Power is developing a phased central refinery with an initial capacity of 25,000 tons per annum, aiming for a total capacity of 50,000 tons per annum in the second phase [157]. Financial Performance - The company has not generated any revenue since inception and has incurred an operating loss of $10,092,312 for the three months ended September 30, 2024, compared to a loss of $843,800 for the same period in 2023 [183]. - General and administrative expenses for the three months ended September 30, 2024, totaled $8,980,965, an increase of $8,202,510 compared to $778,455 for the same period in 2023 [183]. - The company incurred a net loss of $10,092,312 for the three months ended September 30, 2024, compared to a net loss of $843,800 for the same period in 2023, reflecting an increase in losses of $9,248,512 [199]. - The accumulated deficit as of September 30, 2024, was $43.0 million, up from $3.8 million as of December 31, 2023 [200]. - The company has not earned any revenue since inception and has been operating at a loss, with a stockholders' deficit of $13,304,610 as of September 30, 2024 [205]. Capital and Financing - The company received up to $257 million in performance-based incentives from the State of Oklahoma, contingent on job creation and capital expenditure projections [139]. - The total refinery cost is estimated at $1,165 million, which the company intends to finance through a mix of debt, equity, and potential government grants [201]. - The company entered into a Common Stock Purchase Agreement allowing it to sell up to $50,000,000 of newly issued shares, subject to certain conditions [206]. - The company has funded operations through sales of common stock, promissory notes, SAFE notes, and convertible equity agreements, with all promissory notes fully repaid as of September 30, 2024 [204]. - The company has a financing commitment with AIGD allowing for an additional $15 million drawdown on terms similar to existing SAFE notes [216]. Operational Challenges - Stardust Power has an accumulated deficit and stockholders' deficit, raising substantial doubt about its ability to continue as a going concern for at least the next twelve months [161]. - The success of the refinery's operations is contingent upon raising adequate capital and obtaining relevant permits in a timely manner [160]. - The company has not sourced any raw materials to date and is negotiating with multiple suppliers for brine feedstock, including from the oil and gas industry [173]. - The company expects operational expenditures to increase as it begins commercial production of battery-grade lithium and recruits more personnel [199]. - The company is subject to credit risk with respect to cash balances exceeding the FDIC insured amount of $250,000, with only one financial banking institution [269]. Strategic Plans - The company expects to generate future revenue primarily from long-term contracts for battery-grade lithium, with pricing structures that include caps and ceilings [172]. - The Company plans to enter into 10-year long-term sales contracts with EV manufacturers to address fluctuations in product pricing, implementing a cap and floor pricing strategy [256]. - The Company is negotiating fixed price off-take agreements with suppliers to mitigate commodity price risk associated with lithium hydroxide and lithium carbonate [254]. - The company plans to differentiate its refinery by screening for a broader set of contaminants compared to other lithium refineries [158]. - The fair value of common stock is estimated based on third-party valuations and various financial performance factors due to the absence of an active market [238].