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 capacity of 50,000 metric tons per annum[20] - The company has secured approximately 66 acres in Muskogee, Oklahoma, for its lithium refinery[56] Market and Demand - Lithium demand is expected to increase more than 20-fold due to the growth of electric vehicles[22] - The US lithium market is projected to reach 321,000 tons LCE by 2030[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 - The company may be eligible for up to $257 million in performance-based incentives from the State of Oklahoma[20, 65] - As of June 18, 2025, Stardust Power has 823 million common shares outstanding[72] - As of June 18, 2025, the market capitalization is $1588 million[72] Strategy and Supply Chain - Stardust Power has signed offtake agreements with GeoLithium and QX Resources for North American brine sources[52] - The company controls 35,000 acres at the Jackpot Lake Lithium Brine Project in Nevada[52] - The company plans a phased approach to lithium production, scaling up to 50,000 metric tons per annum[20, 59]
Stardust Power Inc.(SDST) - 2025 Q2 - Earnings Call Presentation