From GlobeNewswire: 2025-05-14 17:00:00

Stardust Power Inc. reported operational highlights for Q1 2025, including confirmation that the Muskogee facility won’t need an industrial wastewater permit. They also secured 40MW of scalable power for the refinery and appointed Carlos Urquiaga as Senior Advisor for capital-raising efforts, aiming towards a Final Investment Decision.

Financially, as of March 31, 2025, Stardust Power had $1.6 million in cash and no long-term debt. However, they reported a net loss of $3.8 million for Q1 2025, compared to $1.4 million in the prior year. Operating activities saw $2.9 million in net cash used, with $4.5 million provided by financing activities.

Stardust Power will host a conference call on May 14, 2025, at 5:30 pm EST to discuss these results. They are developing a lithium processing facility in Muskogee, Oklahoma, aiming to produce up to 50,000 metric tons of battery-grade lithium per year. The company is committed to sustainability and trades on Nasdaq under the ticker symbol “SDST.”



Read more at GlobeNewswire:: Stardust Power Announces Q1 2025 Financial Results