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]
Stardust Power Inc.(SDST) - 2025 Q4 - Annual Results