Stardust Power Announces Q1 2026 Financial Results
Stardust Power reported a Q1 2026 net loss of $5.2 million, widening from $3.8 million in the prior year, driven by warrant liability fair value changes and debt financing expenses. Cash reserves declined to $1.2 million from $3.5 million at year-end, highlighting ongoing liquidity pressure. Operationally, the company secured the key air quality construction permit for its Muskogee refinery and entered into a Letter of Intent for up to $150 million in project-level financing. It also secured a feedstock LOI for 15,000 metric tons of lithium chloride annually.
Key figures
- Revenue
- 0
- Net loss
- 5200000
- Atm offering cap
- 5000000
- Feedstock volume
- 15,000 metric tons per annum
- Refinery capacity
- 50,000 metric tons annually
- Cash prior quarter
- 3500000
- Financing cash flow
- 4000
- Net loss prior year
- 3800000
- Cash and equivalents
- 1200000
- Project financing loi
- 150000000
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