Stardust Energy sets 3Q earnings date
Lithium developer Stardust Energy plans a release of its third quarter earnings report on Thursday, November 13 even as it continues with construction of its operations in eastern Oklahoma.
However, the company remains early stage and deeply capital intensive.
Therefore, investors track each quarter closely for insight into pace and capex.
Earnings event timing confirmed
The release, according to the announcement from the Greenwich, Connecticut company, will be made after the market close on Thursday.
Additionally, after-hours earnings timing has become a common tactic among emerging mineral developers.
Stardust Energy leadership
Roshan Pujari, Founder and Chief Executive Officer and Uday Devasper, Chief Financial Officer will host a conference call at 5:30pm ET on Thursday 13 November, 2025 to discuss the Company’s results.
Meanwhile, Pujari and Devasper continue to balance buildout spending with capital market conditions.
Also, industry observers expect both executives to face direct questions about cash burn.
Muskogee plant buildout still underway
The company, still in the process of building its lithium processing plant at Muskogee, recorded a second quarter net loss of $3.7 million, a million dollars more than the second quarter of 2024.
However, the facility could position Oklahoma for leadership in U.S. battery minerals supply.
Therefore, Oklahoma Energy stakeholders continue to monitor Stardust closely.
Also, Stardust Energy is leaning into national policy momentum favoring domestic critical minerals.
Its loss per share improved to 6 cents for the second quarter of 2025, compared to 7 cents a year earlier.
Additionally, lower loss per share signals improved capital allocation efficiency.
Finally, investors believe sustained margin compression at scale could support long-term viability.
Cash usage and quarter commentary
Stardust Energy also reported its net cash used in second quarter activities increased to $4.5 million.
Also, cash burn acceleration aligns with construction cycle timing.
At the time, Pujari explained the quarter marked steady progress as the firm pushed forward with engineering, permitting and infrastructure aspects of the project in Muskogee.
Therefore, steady quarter-to-quarter uncertainty remains inherent until commercial throughput begins.
“With policy tailwinds strengthening and lithium markets showing early signs of recovery, the need for U.S.-based refining capacity has never been more urgent,” he said.
Also, that urgency reflects national industrial policy direction and investor sentiment leaning toward domestic sourcing and supply chain security.
Finally, this urgency directly aligns with Oklahoma Energy leadership ambitions, especially as the state seeks long-term position in critical minerals.