Stardust Power Inc (NAS:SDST)

Q2 2025 Stardust Power Inc Earnings Call Transcript

Aug 13, 2025 / 09:30 PM GMT

Release Date Price: $4.07 (+9.24%)

Transcript 10-Q

Key Points

Positve

Stardust Power Inc (SDST) is developing one of North America's largest lithium brine processing facilities in Oklahoma, which positions them as a key player in the US lithium refining industry.
The company has made significant progress in de-risking their project, with nearly complete permitting and a major infrastructure milestone achieved through an agreement with OG&E for a dedicated electric substation.
Stardust Power Inc (SDST) has partnered with Ohio University to advance next-generation lithium extraction and purification technologies, enhancing their innovation pipeline.
The company has successfully raised $4.52 million in gross proceeds through a public offering, strengthening their financial position and enabling further project advancement.
Stardust Power Inc (SDST) is actively engaged with multiple lithium brine developers across North and South America, ensuring a diverse and scalable supply chain for their operations.

Negative

Stardust Power Inc (SDST) is currently pre-revenue and heavily reliant on raising additional capital to meet working capital and capital expenditure requirements.
The company incurred a net loss of $3.7 million in Q2 2025, reflecting higher operating expenses and the absence of commercial production.
There are concerns about the company's listing on the Nasdaq, with potential deficiencies related to minimum bid price and market value of listed securities.
The offering price for their recent public offering was lower than anticipated, indicating potential challenges in attracting investment at desired valuations.
The market for upstream brine supply has seen changes, with some projects not advancing, potentially tightening the market and impacting supply availability.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SDST.OQ - Stardust Power Inc
Q2 2025 Stardust Power Inc Earnings Call
Aug 13, 2025 / 09:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon and welcome to Stardust Power Inc. 2nd quarter 2025 earnings call.

My name is Tawanda and I'll be your operator today.

Before this call, Stardust Power issued its financial results for the 2nd quarter ended 2025 in a press release.

Joining us on today's call are Starusow's founder and CEO.

Roshin Pujari and CFO Uday De Vasper.

Following their remarks, we will open the call for questions.

Before we begin, Joanna Gonzalez started his power as director of investor relations and communications, will make a brief introductory statement.

Ms. Ms. Gonzalez, please proceed.

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