Stardust Power Inc. develops battery-grade lithium products designed to supply the electric vehicle (EV) industry. It is developing a central lithium refinery in Muskogee, Oklahoma for producing battery-grade lithium. The company is based in Greenwich, Connecticut.
Stardust Power Reports Q2 2026 Financial Results and Business Update
Stardust Power reported a Q2 net loss of $3.9 million, narrowing the per-share loss to $(0.35) but reducing its cash balance to $0.5 million as of June 30.
The company advanced its Muskogee refinery project by commencing site preparation and entering a DOE-funded research partnership with Ohio University.
To support liquidity, Stardust raised $3.1 million via an ATM equity program after quarter-end and appointed Ray Rivers to its Board of Directors.