Company Overview - Stardust Power aims to secure U S energy leadership through battery-grade lithium production[10] - The company is developing one of the largest lithium refineries in the US, with a planned production capacity of 50,000 metric tons per annum[20,56] - The company has secured approximately 66 acres in Muskogee, Oklahoma, for its lithium refinery[56] Market Opportunity - Lithium demand is expected to increase more than 20-fold due to the growth of electric vehicles[22,82] - By 2030, the U S lithium market is projected to reach 321,000 tons LCE[78] - The global fleet of passenger electric vehicles is expected to increase from 27 million in 2022 to approximately 107 million units in 2026[82] Financials and Incentives - Stardust Power may be eligible for up to $257 million in incentives from the State of Oklahoma[20,65] - The company's trading information as of April 30, 2025, includes 6016 million common shares outstanding and a market capitalization of $3008 million[72] - The Quality Jobs program offers a 5% cash rebate on payroll for new jobs created over 10 years[64,109] Strategy and Partnerships - Stardust Power has signed offtake agreements with GeoLithium and QX Resources, focusing on North American brine sources[52] - The company controls 35,000 acres via a LOI with Usha Resources at the Jackpot Lake Lithium Brine Project in Nevada[52] - The company is taking a vertically integrated approach to limit supply risk and ensure sourcing for refining[52]
Stardust Power Inc.(SDST) - 2025 Q1 - Earnings Call Presentation