Stardust Power narrows Q3 loss but loses Nasdaq listing

Stardust Power reported no revenue for the third quarter of 2026 and a net loss of $2.77 million, down from $4.46 million a year earlier; diluted loss per share narrowed to 15 cents from 53 cents. Its cash balance was about $4.6 million at quarter-end, up from $3.5 million at the end of 2025, while the nine-month net loss was nearly unchanged at $11.91 million. The company said it received the final significant construction permit for its proposed Muskogee, Oklahoma, lithium refinery and is continuing geotechnical work at the site; the project is planned to reach up to 50,000 metric tons of annual capacity in phases. Stardust also cited a non-binding agreement for lithium chloride feedstock and said its stock and warrants were suspended from Nasdaq trading after the company failed to meet the minimum share-price requirement, restricting its access to equity financing.