Core Viewpoint - Stardust Power Inc. reported its financial results for the year ended December 31, 2024, highlighting significant operational and financial developments as it positions itself in the lithium market to meet growing demand for energy independence and secure supply chains [1][4]. Full Year Business Highlights - The company successfully listed on Nasdaq in 2024 and acquired a 66-acre site in Muskogee, Oklahoma, for approximately $1.7 million [5]. - Key partnerships, including a non-binding agreement with Sumitomo Americas for a potential long-term supply of up to 25,000 metric tons of lithium carbonate annually, were established [5]. - The company is advancing its Definitive Feasibility Study (DFS) with Primero USA, nearing completion of its detailed process design package and updated cost estimates [5]. - New hires include Chris Celano as Chief Operating Officer and Martyn Buttenshaw to the Board of Directors, enhancing the company's leadership in the lithium sector [5]. Financial Highlights - For the year ended December 31, 2024, the company incurred a net loss of $23.8 million, compared to a net loss of $3.8 million for the prior period [4][6]. - Loss per share increased to $0.55 from $0.09, primarily due to higher administrative costs [11]. - Net cash used in operating activities totaled $9.7 million, up from $3.0 million in the prior period, driven by investments in operations and hiring [11]. - The company raised a total of $6.4 million in capital during the year, consisting of $2.8 million in equity and $3.5 million in debt [5]. Strategic Developments - The company broke ground on its lithium refinery site in Muskogee, Oklahoma, on January 22, 2025, marking a significant milestone [5]. - A licensing agreement with KMX Technologies was signed to access advanced VMD concentration technology, aimed at improving operational efficiency and sustainability [5]. - An equity raise in January 2025 generated $5.75 million through the issuance of common stock and cash warrants [5].

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, 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 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].

GREENWICH, Conn., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Stardust Power Inc. (NASDAQ:SDST) ("Stardust Power" or the "Company"), an American developer of battery-grade lithium products, is pleased to announce the appointment of Chris Celano as Chief Operating Officer (COO), effective immediately. Mr. Celano will report directly to the Chief Strategy Officer and Senior Advisor to the Chief Executive Officer, Paramita Das. Chris has been working with the Stardust Power team since October 2024 and now begins his dut ...

Figure: 1 Above: Martyn Buttenshaw, newly appointed Stardust Power Director Above: Martyn Buttenshaw, newly appointed Stardust Power Director GREENWICH, Conn., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Stardust Power Inc. (“Stardust Power” or the “Company”) (NASDAQ: SDST), an American developer of battery-grade lithium products, is pleased to announce the appointment of Mr. Martyn Buttenshaw as Independent Director to its Board of Directors, effective as of December 16, 2024. Mr. Buttenshaw brings extensive ex ...

Caption: Governor of Oklahoma, J. Kevin Stitt, and Founder and CEO, Stardust Power, Roshan Pujari, met December 2, 2024, to discuss the upcoming construction of its lithium refinery in Muskogee, Oklahoma GREENWICH, Conn., Dec. 17, 2024 (GLOBE NEWSWIRE) -- Stardust Power Inc. ("the Company" or "Stardust Power") (NASDAQ:SDST), an American developer of battery-grade lithium products, today announced the completion of the acquisition of its 66-acre site at the Southside Industrial Park in Muskogee, Oklahoma. T ...