<a href="https://laohu8.com/S/SDST">Stardust Power</a> posts Q3 net loss of $4.5 million
Stardust Power Inc. reported a net loss of $4.5 million for the third quarter of 2025, down from a net loss of $10.1 million in the same period of 2024. As of September 30, 2025, the company had cash and cash equivalents of approximately $1.6 million and remained debt-free with no long-term corporate debt. Net cash provided by financing activities was $10.2 million for the nine months ended September 30, 2025, compared to $10.1 million in the prior year period, mainly due to $12.0 million in net proceeds from public offerings and warrant inducements, and $1.6 million from common stock issuances, partially offset by $3.8 million in short-term loan repayments. Key business developments included completion of the FEL-3 engineering report for the Muskogee, Oklahoma lithium refinery, with an estimated capital expenditure of about $500 million and a planned 24-month construction timeline. The company also secured two supply agreements for 13,500 metric tons of lithium carbonate equivalent as feedstock for the refinery.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Stardust Power Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9575506-en) on November 13, 2025, and is solely responsible for the information contained therein.
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