Stardust Power Announces Year End 2024 Financial Results
Company Developments: Stardust Power Inc. announced significant operational milestones for 2024, including its Nasdaq listing, acquisition of a refinery site in Oklahoma, and advancements in permitting and feasibility studies, alongside key personnel appointments and capital raises totaling $6.4 million.
Financial Performance: The company reported a net loss of $23.8 million for 2024, driven by increased administrative expenses and investments in operations, while also securing additional funding through equity transactions and warrant inducements to support growth in the lithium sector.
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Stardust Power Secures Air Quality Permit for Major Lithium Refinery in Oklahoma
- Key Permit Secured: Stardust Power has received its air quality construction permit from the Oklahoma Department of Environmental Quality, marking the final significant approval needed for one of the largest lithium refineries in the U.S., thereby materially reducing regulatory timeline risks for the project.
- Environmental Commitment: The permit confirms that the refinery's design meets state and federal air quality standards with emissions below major source thresholds, reflecting the company's commitment to environmental stewardship and enhancing its strategic position in the clean energy transition.
- Construction Progress: With the completion of construction permitting, Stardust Power is advancing towards a Final Investment Decision, with major construction expected to commence following project financing, and the refinery is projected to produce up to 50,000 metric tons of battery-grade lithium carbonate annually to support the rapidly growing North American energy storage and electric vehicle markets.
- Regional Economic Impact: This project is set to create jobs and support Oklahoma's energy infrastructure, further advancing U.S. lithium supply chain independence, aligning with national energy security strategies.
New to The Street Broadcasts Show #716 Featuring SDST and Others
- Broadcast Timing: New to The Street will air Show #716 tonight at 6:30 PM Eastern Time on Bloomberg Television, enhancing its influence in the business media landscape by showcasing various public companies.
- Company Highlights: The episode will spotlight Stardust Power Inc. (NASDAQ:SDST), BioVie Inc. (NASDAQ:BIVI), and Roadzen Inc. (NASDAQ:RDZN), showcasing innovations in critical minerals, biotechnology, and AI-driven mobility and insurance solutions, aimed at attracting investor interest.
- Celebrity Features: The show will also include special segments with Kelsey Grammer discussing his new book KAREN and Andrew Shaw introducing his nonprofit 250DAYS.ORG, emphasizing the importance of mental health awareness and recovery, thereby enhancing the program's social impact.
- International Expansion Plans: New to The Street plans to launch its international version in the MENA region on January 24, 2026, further expanding its global reach, while also preparing to launch the Spanish-language platform Nuevo En La Calle, showcasing its diversified media strategy.
Stardust Power Secures $15 Million Convertible Debt Financing for Lithium Refinery
- Financing Agreement Executed: Stardust Power has signed a Securities Purchase Agreement with a single institutional investor for up to $15 million in senior secured convertible debt financing, aimed at supporting early-stage construction activities at its lithium refinery in Muskogee, Oklahoma.
- Flexible Capital Support: The financing includes an initial drawdown of $4 million, designed to provide flexible capital for detailed engineering, infrastructure, and procurement activities, ensuring the project progresses as planned.
- Strategic Construction Timeline: With a 24-month term and an initial repayment moratorium, the financing allows the company to repay in cash or common stock, enhancing financial flexibility during the project construction phase.
- Enhancing Shareholder Value: Stardust Power plans to fund the construction of its 50,000 metric ton per annum refinery through a combination of asset-level equity and debt financing, aimed at minimizing public equity dilution and maximizing shareholder value.
Stardust Power Enhances U.S. Lithium Supply Chain Through Partnership with Mandrake Lithium
Stardust Power's Agreement with Mandrake Resources: Stardust Power Inc. has signed a Letter of Intent with Mandrake Resources to secure 7,500 metric tons per annum of lithium chloride from Mandrake's Utah Lithium Project, which will supply Stardust's processing facility in Oklahoma.
Strategic Importance of the Utah Project: The Utah Lithium Project is positioned in a favorable regulatory environment and benefits from established infrastructure, making it a key asset for domestic lithium supply and supporting Stardust Power's vision for an integrated American lithium supply chain.
Long-term Supply Agreement: The agreement spans twelve years with an option for a six-year extension, potentially ensuring a reliable supply of lithium chloride for up to 18 years, which enhances Stardust Power's financing options and reduces development risks.
Advancements in Lithium Production: Stardust Power is progressing with permitting and site preparations for its lithium refinery in Muskogee, Oklahoma, aiming to produce battery-grade lithium carbonate to support the growing North American electric vehicle and energy storage markets.
Stardust Power Meets All Nasdaq Listing Standards
Compliance with Nasdaq: Stardust Power Inc. has received confirmation from Nasdaq that it is in compliance with continued listing requirements, closing a previous non-compliance matter that was set for appeal.
Project Advancements: The company is making significant progress towards a Final Investment Decision for one of America's largest lithium refineries, enhancing its project execution and risk management.
Production Capacity: Stardust Power is developing a lithium processing facility in Muskogee, Oklahoma, with an expected production capacity of up to 50,000 metric tons per annum of battery-grade lithium carbonate.
Sustainability Commitment: The company emphasizes sustainability throughout its operations, aiming to strengthen America's energy security by building resilient supply chains for lithium production.
Stardust Power Establishes Key Lithium Supply Partnership in North America with Prairie Lithium
Supply Agreement: Stardust Power Inc. has signed a Letter of Intent with Prairie Lithium to secure 6,000 metric tons per annum of lithium chloride, which will be used as feedstock at its lithium processing facility in Oklahoma, marking a significant step towards its Final Investment Decision and construction phase.
Strategic Location and Infrastructure: The feedstock will be delivered to the Port of Muskogee's Free Trade Zone, providing strategic access to transportation networks and potential tariff exemptions, with initial deliveries expected to start in 2027.
Operational Efficiency and Growth: The agreement enhances Stardust Power's operational capabilities and positions it as a key player in North America's lithium supply chain, allowing for scalable production and the potential for additional feedstock sources in future phases.
Commitment to Sustainability: Stardust Power is focused on sustainable lithium production, with the Prairie Lithium Project designed to minimize environmental impact while supporting the growing demand for domestic lithium supply in the clean energy sector.
Stardust Power Secures Air Quality Permit for Major Lithium Refinery in Oklahoma
- Key Permit Secured: Stardust Power has received its air quality construction permit from the Oklahoma Department of Environmental Quality, marking the final significant approval needed for one of the largest lithium refineries in the U.S., thereby materially reducing regulatory timeline risks for the project.
- Environmental Commitment: The permit confirms that the refinery's design meets state and federal air quality standards with emissions below major source thresholds, reflecting the company's commitment to environmental stewardship and enhancing its strategic position in the clean energy transition.
- Construction Progress: With the completion of construction permitting, Stardust Power is advancing towards a Final Investment Decision, with major construction expected to commence following project financing, and the refinery is projected to produce up to 50,000 metric tons of battery-grade lithium carbonate annually to support the rapidly growing North American energy storage and electric vehicle markets.
- Regional Economic Impact: This project is set to create jobs and support Oklahoma's energy infrastructure, further advancing U.S. lithium supply chain independence, aligning with national energy security strategies.
New to The Street Broadcasts Show #716 Featuring SDST and Others
- Broadcast Timing: New to The Street will air Show #716 tonight at 6:30 PM Eastern Time on Bloomberg Television, enhancing its influence in the business media landscape by showcasing various public companies.
- Company Highlights: The episode will spotlight Stardust Power Inc. (NASDAQ:SDST), BioVie Inc. (NASDAQ:BIVI), and Roadzen Inc. (NASDAQ:RDZN), showcasing innovations in critical minerals, biotechnology, and AI-driven mobility and insurance solutions, aimed at attracting investor interest.
- Celebrity Features: The show will also include special segments with Kelsey Grammer discussing his new book KAREN and Andrew Shaw introducing his nonprofit 250DAYS.ORG, emphasizing the importance of mental health awareness and recovery, thereby enhancing the program's social impact.
- International Expansion Plans: New to The Street plans to launch its international version in the MENA region on January 24, 2026, further expanding its global reach, while also preparing to launch the Spanish-language platform Nuevo En La Calle, showcasing its diversified media strategy.
Stardust Power Secures $15 Million Convertible Debt Financing for Lithium Refinery
- Financing Agreement Executed: Stardust Power has signed a Securities Purchase Agreement with a single institutional investor for up to $15 million in senior secured convertible debt financing, aimed at supporting early-stage construction activities at its lithium refinery in Muskogee, Oklahoma.
- Flexible Capital Support: The financing includes an initial drawdown of $4 million, designed to provide flexible capital for detailed engineering, infrastructure, and procurement activities, ensuring the project progresses as planned.
- Strategic Construction Timeline: With a 24-month term and an initial repayment moratorium, the financing allows the company to repay in cash or common stock, enhancing financial flexibility during the project construction phase.
- Enhancing Shareholder Value: Stardust Power plans to fund the construction of its 50,000 metric ton per annum refinery through a combination of asset-level equity and debt financing, aimed at minimizing public equity dilution and maximizing shareholder value.
Stardust Power Enhances U.S. Lithium Supply Chain Through Partnership with Mandrake Lithium
Stardust Power's Agreement with Mandrake Resources: Stardust Power Inc. has signed a Letter of Intent with Mandrake Resources to secure 7,500 metric tons per annum of lithium chloride from Mandrake's Utah Lithium Project, which will supply Stardust's processing facility in Oklahoma.
Strategic Importance of the Utah Project: The Utah Lithium Project is positioned in a favorable regulatory environment and benefits from established infrastructure, making it a key asset for domestic lithium supply and supporting Stardust Power's vision for an integrated American lithium supply chain.
Long-term Supply Agreement: The agreement spans twelve years with an option for a six-year extension, potentially ensuring a reliable supply of lithium chloride for up to 18 years, which enhances Stardust Power's financing options and reduces development risks.
Advancements in Lithium Production: Stardust Power is progressing with permitting and site preparations for its lithium refinery in Muskogee, Oklahoma, aiming to produce battery-grade lithium carbonate to support the growing North American electric vehicle and energy storage markets.
Stardust Power Meets All Nasdaq Listing Standards
Compliance with Nasdaq: Stardust Power Inc. has received confirmation from Nasdaq that it is in compliance with continued listing requirements, closing a previous non-compliance matter that was set for appeal.
Project Advancements: The company is making significant progress towards a Final Investment Decision for one of America's largest lithium refineries, enhancing its project execution and risk management.
Production Capacity: Stardust Power is developing a lithium processing facility in Muskogee, Oklahoma, with an expected production capacity of up to 50,000 metric tons per annum of battery-grade lithium carbonate.
Sustainability Commitment: The company emphasizes sustainability throughout its operations, aiming to strengthen America's energy security by building resilient supply chains for lithium production.
Stardust Power Establishes Key Lithium Supply Partnership in North America with Prairie Lithium
Supply Agreement: Stardust Power Inc. has signed a Letter of Intent with Prairie Lithium to secure 6,000 metric tons per annum of lithium chloride, which will be used as feedstock at its lithium processing facility in Oklahoma, marking a significant step towards its Final Investment Decision and construction phase.
Strategic Location and Infrastructure: The feedstock will be delivered to the Port of Muskogee's Free Trade Zone, providing strategic access to transportation networks and potential tariff exemptions, with initial deliveries expected to start in 2027.
Operational Efficiency and Growth: The agreement enhances Stardust Power's operational capabilities and positions it as a key player in North America's lithium supply chain, allowing for scalable production and the potential for additional feedstock sources in future phases.
Commitment to Sustainability: Stardust Power is focused on sustainable lithium production, with the Prairie Lithium Project designed to minimize environmental impact while supporting the growing demand for domestic lithium supply in the clean energy sector.
