Stardust Power signs lithium research MOU with Ohio University

GREENWICH, Conn. - Stardust Power Inc. (NASDAQ:SDST), a micro-cap lithium technology company with a market capitalization of $32.47 million, has signed a Memorandum of Understanding with Ohio University to collaborate on advanced lithium extraction and refining technologies, the company announced Monday. According to InvestingPro data, the company currently trades at $0.54 per share.

The partnership will focus on research around lithium production from brine sources, including potential applications of Direct Lithium Extraction (DLE) technology. It supports a concept paper submitted by Ohio University under a Department of Energy funding opportunity announcement.

Under the agreement, Stardust Power will provide raw material samples, technical expertise, and collaborative input on refining processes. The company will also support development of a techno-economic model to evaluate the scalability and commercial potential of emerging DLE technologies.

"We are proud to partner with Ohio University to explore next-generation lithium technologies," said Roshan Pujari, Founder and CEO of Stardust Power.

Professor John Staser from Ohio University’s Department of Chemical and Biomolecular Engineering said the partnership provides "a unique opportunity to accelerate the development of practical, scalable solutions for lithium production."

The collaboration could potentially secure sources of lithium brine feedstock for Stardust Power’s lithium processing plant being developed in Muskogee, Oklahoma. According to the company, this facility is being designed with an anticipated capacity to produce up to 50,000 metric tons annually of battery-grade lithium.

The partnership also aims to support workforce development and educational initiatives in lithium extraction, refining, and advanced battery technologies.

This announcement is based on a press release statement from Stardust Power.

In other recent news, Stardust Power Inc. reported a significant increase in its net loss for the first quarter of 2025. The company recorded a net loss of $3.8 million, an increase of $2.4 million compared to the previous year, with a loss per share rising to 7 cents from 4 cents. Despite the increased loss, Stardust Power’s cash reserves grew to $1.6 million from $900,000 in December 2024, indicating strong liquidity. The company remains debt-free, having repaid a short-term loan of $3.55 million earlier this year. Stardust Power is progressing with its lithium refinery project in the U.S., aiming for a Final Investment Decision by the end of the year. The company is in active discussions for project financing with MUFG and has secured a service agreement with Oklahoma Gas and Electric for a dedicated electric substation. Analysts from firms like B. Riley Securities and Alliance Global Partners have shown interest in the company’s progress and future plans. Stardust Power is positioning itself as a key player in the domestic lithium supply chain, aligning with federal priorities for clean energy and supply chain security.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.