Stardust Power Announces Q1 2025 Financial Results

About this update from Stardust Power Inc.

[{"type":"image","alt":"Stardust Power Inc.","displaySize":"","headline":null,"caption":"Stardust Power Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":300,"url":"https://media.zenfs.com/en/globenewswire.com/1a0d51a6f5dad1e2d19bcc73f00156cb"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/R4pjIeveKaPC6ndvazrLAg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTQyMDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/1a0d51a6f5dad1e2d19bcc73f00156cb","width":300,"height":300}},"lazy":false},{"type":"text","content":"GREENWICH, Conn., May 14, 2025 (GLOBE NEWSWIRE) -- Stardust Power Inc. (“Stardust Power” or the “Company”) (Nasdaq: SDST), an American developer of battery-grade lithium products, today announced its results for the first quarter ended March 31, 2025.","length":251,"tagName":"p"},{"type":"text","content":"First Quarter 2025 Business Updates and Subsequent Events","length":57,"tagName":"p"},{"type":"text","content":"Operational highlights for the first quarter of 2025 include:","length":61,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Confirmed with Oklahoma regulators the Muskogee facility will not require an industrial wastewater permit thanks to its closed-loop water system that eliminates discharge and reduces local water use.","length":199,"tagName":"p"}]},{"val":[{"type":"text","content":"Executed a key service agreement with Oklahoma Gas and Electric to develop a dedicated substation at the Muskogee refinery site, securing up to 40MW of scalable power and enabling critical pre-construction activities ahead of Final Investment Decision.","length":252,"tagName":"p"}]},{"val":[{"type":"text","content":"Appointed Carlos Urquiaga as Senior Advisor to advise on capital-raising efforts; with over $40 billion in transaction experience across top institutions, he brings deep expertise in metals and mining finance to support our path toward Final Investment Decision.","length":262,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":713,"olType":false},{"type":"text","content":"Roshan Pujari, Founder and CEO of Stardust Power, commented on the Company’s Q1 performance, “Despite ongoing macroeconomic volatility and global market uncertainty, Q1 was a quarter of focused execution for Stardust Power. We continue to advance steadily toward Final Investment Decision, supported by st...

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