STARDUST POWER INC. NEW

Stardust Power reported a loss of $0.35 per share in Q2 2026, marginally better than the expected $0.36. The company still generated no revenue and reduced its cash balance from $3.5 million at the end of 2025 to $0.5 million as of June 30, 2026, making securing additional financing a top priority. Management emphasizes completing key permits and FEL‑3 planning for the lithium refinery in Muskogee but sees expansion and construction financing as the next hurdle. The stock reacted only modestly as investors weigh the tight cash position and execution and dilution risks. » Plus sur de.investing.com

Stardust Power has signed a non-binding letter of intent with Charge CCCV (C4V) to supply battery-grade lithium carbonate from the planned Muskogee refinery. C4V has provided preliminary demand estimates of 3,000 t (2028), 10,000 t (2029) and 20,000 t (2030); quantities, prices and delivery schedules remain subject to negotiation and require a definitive binding agreement. Stardust had previously disclosed a separate non-binding letter of intent for up to 25,000 t/year with a global trading house; the refinery is planned to produce up to 50,000 t/year. In its forward-looking statements, Stardust Power flags substantial doubt about its ability to continue as a going concern and cites near-term capital needs. » Plus sur de.investing.com

Stardust Power was selected as an industry partner for a U.S. Department of Energy–funded research program to develop electrochemical technologies for recovering lithium from oil and gas produced waters and mine drainage from abandoned coal mines. The project, led by Dr. John Staser and the Institute for Sustainable Energy and Environment at Ohio University in partnership with CONSOL Innovations, chose Stardust to evaluate the produced battery-grade lithium samples and to support commercialization pathways. Stardust is building a lithium carbonate refinery in Muskogee, Oklahoma, with an expected capacity of up to 50,000 metric tons per year; the company has a market capitalization of $23 million, last traded at $2.22 per share, and reported earnings per share of -$2.01 over the past twelve months. » Plus sur de.investing.com