Battery-grade lithium developer completes $4.52M public offering, partners with Ohio University for extraction tech, while Q2 losses widen to $3.7M. See financial details.

Stardust Power (NASDAQ: SDST) reported its financial results for the year ended December 31, 2024, marking significant operational milestones despite widening losses. The company incurred a net loss of $23.8 million in 2024, compared to $3.8 million in 2023, with a loss per share of $0.55.Key developments include the purchase of a 66-acre refinery site in Muskogee, Oklahoma for $1.7 million, and securing essential permits. The company raised $6.4 million in capital during 2024 and an additional $8.65 million in early 2025 through equity transactions and warrant exercises.Notable achievements include entering a non-binding agreement with Sumitomo Americas for potential supply of up to 25,000 metric tons of lithium carbonate annually, signing a licensing agreement with KMX Technologies for VMD concentration technology, and advancing their Definitive Feasibility Study. The company also strengthened its leadership team with key appointments.

The groundbreaking marks the start of a two-phase development targeting 50,000 metric tons of battery-grade lithium production annually, creating hundreds of local jobs.

Game summary of the UConn Huskies vs. South Dakota State Jackrabbits NCAAW game, final score 91-57, from March 24, 2025 on ESPN.

Stardust Power secures $5.75M through share and warrant offering at $1.20 per share, backed by institutional investor. Proceeds target lithium refinery advancement and debt settlement.

Stardust Power (Nasdaq: SDST) announced that Nasdaq has confirmed the company is in compliance with continued listing requirements as of Oct 28, 2025. The notice confirms there are no outstanding deficiency matters and that the company satisfies the requisite criteria for continued listing on the Nasdaq Capital Market.A previously scheduled Nasdaq Hearings Panel appearance for Nov 4, 2025 was cancelled and the matter is closed. The company’s common stock and warrants will continue to trade under the tickers SDST and SDSTW. The company says it is advancing project milestones toward a Final Investment Decision, which it describes as de-risking progress toward construction of a large U.S. lithium refinery.