Stardust Power Inc.
SDSTW
NASDAQ0.09
USD
+0.00
- -
Stardust Power Inc.
SDSTW
(NASDAQ)
Recent
price
0.09
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Stardust Power Inc. (NASDAQ: SDST; SDSTW) develops battery-grade lithium products in the United States to support the electric vehicle industry and energy storage applications through resilient domestic supply chains. The company focuses on producing battery-grade lithium carbonate via direct lithium extraction (DLE) technologies from American brine sources; it is constructing a large-scale lithium refinery in Muskogee, Oklahoma, at the 66-acre Southside Industrial Park site, with anticipated capacity of up to 50,000 metric tons per annum. Operations emphasize sustainability, integrating renewable energy sources such as solar and wind, and target customers in the EV and energy storage sectors across North America. Founded in 2022 and headquartered in Greenwich, Connecticut, Stardust Power conducts development activities from its U.S. base, with the primary refinery project located in Oklahoma to leverage central logistics, transportation networks, and proximity to brine feedstocks. Recent developments include the completion of a reverse merger with Global Partner Acquisition II Corp. in 2024, enabling public listing on Nasdaq; acquisition of the Muskogee refinery site and receipt of a General Permit for Stormwater Discharges from Construction Activities in December 2024, positioning the company to commence major construction pending project financing; a June 2025 Memorandum of Understanding with Ohio University to advance DLE and lithium refining technologies, including support for a U.S. Department of Energy funding concept and potential brine feedstock access; execution of an over-allotment option in its June 2025 public offering to fund the Definitive Feasibility Study (DFS/FEL-3) for the refinery; and a recent Letter of Intent with Mandrake Resources Inc. to secure 7,500 metric tons per annum of lithium carbonate equivalent from the Utah Lithium Project. These initiatives advance the company's progression toward a Final Investment Decision and full-scale operations.