Stardust Power opens a new office in Houston to enhance project execution for its lithium refinery in Oklahoma.
Quiver AI Summary
Stardust Power Inc., an American developer of battery-grade lithium carbonate, has announced the opening of a new operational office in Houston, Texas, which will act as a project execution hub to support its lithium refinery development in Muskogee, Oklahoma. The Houston office was chosen for its rich engineering talent and energy infrastructure, enhancing the company's project management capabilities while allowing for better coordination with the nearby Muskogee site. As the project progresses, Stardust Power plans to expand its Houston workforce, reinforcing its commitment to building a resilient domestic battery supply chain and supporting U.S. energy security amid ongoing industrial reshoring efforts. The company's Muskogee refinery, expected to produce up to 50,000 metric tons of lithium carbonate annually, aims to address the national shortage of lithium refining capacity.
Potential Positives
- The opening of a new operational office in Houston, Texas enhances Stardust Power's project execution capabilities and supports the advancement of its lithium refinery in Muskogee, Oklahoma.
- Establishing a presence in Houston, a hub for engineering expertise and energy infrastructure, positions the company strategically within a key industrial and energy corridor.
- The expansion reflects Stardust Power's commitment to building a resilient domestic battery material supply chain, aligning with U.S. energy security and industrial growth efforts.
- The anticipated growth of the Houston-based team suggests increased operational capacity and enhanced coordination for project management as the company scales its refinery output.
Potential Negatives
- Establishment of a new office may indicate the company is facing operational challenges, signaling a need for increased support and management resources during a critical development phase.
- The cautionary note regarding forward-looking statements emphasizes the significant risks and uncertainties associated with the company's future performance, which may alarm investors regarding the stability and predictability of its operations.
- The press release does not provide concrete milestones or timelines for the Muskogee refinery project, which could lead to concerns about the project's progress and the company's ability to meet its production targets.
FAQ
Why did Stardust Power open a new office in Houston?
Stardust Power opened the Houston office to strengthen project execution and support operations for its lithium refinery in Muskogee, Oklahoma.
What benefits does the Houston location provide Stardust Power?
The Houston office offers access to engineering expertise, EPC talent, and robust energy infrastructure, enhancing project development efficiency.
How will the Houston office impact Stardust Power's workforce?
The company plans to expand its Houston-based team as project execution accelerates and the Muskogee refinery progresses toward key milestones.
What is the production capacity of the Muskogee lithium refinery?
The Muskogee refinery is expected to have a production capacity of up to 50,000 metric tons of battery-grade lithium carbonate annually.
What is Stardust Power's commitment regarding U.S. supply chains?
Stardust Power is committed to building a resilient domestic battery material supply chain, supporting U.S. energy security and industrial growth.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SDST Insider Trading Activity
$SDST insiders have traded $SDST stock on the open market 12 times in the past 6 months. Of those trades, 0 have been purchases and 12 have been sales.
Here’s a breakdown of recent trading of $SDST stock by insiders over the last 6 months:
- ROSHEN PUJARI (CEO and Chairman) has made 0 purchases and 2 sales selling 103,288 shares for an estimated $224,935.
- PABLO CORTEGOSO (Chief Technical Officer) has made 0 purchases and 2 sales selling 168,066 shares for an estimated $116,753.
- UDAYCHANDRA DEVASPER (Chief Financial Officer) has made 0 purchases and 4 sales selling 92,371 shares for an estimated $87,976.
- CHRIS EDWARD CELANO (Chief Operating Officer) has made 0 purchases and 3 sales selling 27,354 shares for an estimated $54,599.
- CHARLOTTE NANGULOSHI NANGOLO sold 10,000 shares for an estimated $17,400
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$SDST Hedge Fund Activity
We have seen 8 institutional investors add shares of $SDST stock to their portfolio, and 2 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CETERA INVESTMENT ADVISERS added 144,256 shares (+inf%) to their portfolio in Q2 2026, for an estimated $225,039
- LUMINUS MANAGEMENT LLC added 138,138 shares (+inf%) to their portfolio in Q2 2026, for an estimated $215,495
- UBS GROUP AG removed 60,870 shares (-87.3%) from their portfolio in Q2 2026, for an estimated $94,957
- NORTHERN TRUST CORP added 13,183 shares (+inf%) to their portfolio in Q2 2026, for an estimated $20,565
- GEODE CAPITAL MANAGEMENT, LLC removed 11,513 shares (-13.5%) from their portfolio in Q2 2026, for an estimated $17,960
- FNY INVESTMENT ADVISERS, LLC added 5,500 shares (+inf%) to their portfolio in Q2 2026, for an estimated $8,580
- TOWER RESEARCH CAPITAL LLC (TRC) added 3,185 shares (+156.1%) to their portfolio in Q2 2026, for an estimated $4,968
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Full Release
GREENWICH, Conn., Oct. 05, 2026 (GLOBE NEWSWIRE) -- Stardust Power Inc. (NASDAQ: SDST) (“Stardust Power” or the “Company”), an American developer of battery-grade lithium carbonate, today announced the opening of a new operational office in Houston, Texas. The Houston office will serve as a project execution hub supporting operations planning as the Company advances its lithium refinery in Muskogee, Oklahoma, complementing the Company’s existing Oklahoma City office and broader corporate footprint.
Houston, a world energy capital, was strategically selected for its deep concentration of engineering expertise, access to leading EPC and procurement talent, and established energy infrastructure ecosystem. The location strengthens Stardust Power’s ability to efficiently manage project development while embedding the Company within one of the world’s premier industrial and energy corridors.
Stardust Power expects to expand its Houston-based team as project execution accelerates, and the Muskogee refinery advances toward milestones. The office’s proximity to Oklahoma further supports efficient coordination and on-the-ground execution.
“The Houston office strengthens our operational footprint at a critical phase of development,” said Chris Celano, Chief Operating Officer of Stardust Power. “By building out a dedicated project management hub in one of the most experienced energy markets in the world, we are positioning the Company for execution as we advance the Muskogee refinery. This expansion reflects our commitment to deliver domestic, battery-grade lithium that supports U.S. energy security and industrial growth.”
The expansion reinforces Stardust Power’s commitment to building a resilient domestic battery material supply chain. As the United States accelerates energy transition initiatives and industrial reshoring efforts, the Company’s growing operational presence supports its long-term strategy to establish scalable U.S.-based lithium refining capacity and strengthen North American supply chain independence.
About Stardust Power
Stardust Power (NASDAQ: SDST) is building one of America’s largest battery-grade lithium carbonate refineries in Muskogee, Oklahoma, strategically located in the center of the United States’ growing energy and manufacturing corridor. The refinery is expected to have production capacity of up to 50,000 metric tons per annum and addresses the critical shortage of U.S. lithium refining capacity. Stardust Power is focused on building a resilient American battery supply chain.
For more information, visit www.stardust-power.com
Stardust Power Contacts
For Investors:
Johanna Gonzalez
[email protected]
For Media:
Michael Thompson
[email protected]
Cautionary Note Regarding Forward-Looking Statements
The foregoing material may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. We intend all forward-looking statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that do not relate solely to historical or current facts, including without limitation statements regarding the Company’s product development and business prospects. These statements may include, without limitation, statements regarding management’s expectations about future business strategies, financial performance, operating results, growth opportunities, market developments, competitive position, regulatory outlook, our perception of historical trends and current conditions, as well as other factors that we believe are appropriate and reasonable under the circumstances. Forward-looking statements generally can be identified by the fact that they do not relate strictly to historical or current facts and by the use of forward-looking words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “likely,” “may,” “model,” “outlook,” “plan,” “predict,” “project,” “seek,” “target,” “will,” “could,” “should,” or similar expressions.
Forward-looking statements are not guarantees of future performance. They are based on current expectations, estimates, forecasts, and assumptions that involve significant risks and uncertainties, many of which are beyond the Company’s control and are difficult to predict. Actual results may differ materially from those expressed or implied by such forward-looking statements as a result of various factors, including but not limited to: macroeconomic conditions; inflationary pressures; changes in interest rates; supply chain disruptions; evolving consumer demand; competitive and technological developments; regulatory or legal changes; litigation exposure; cybersecurity threats; and fluctuations in foreign exchange rates. In addition, other risks and uncertainties not presently known to us or that we currently believe to be immaterial could affect the accuracy of any such forward-looking statements. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. Readers are cautioned not to place undue reliance on these forward-looking statements, which are made only as of the date of this press release. Except as required by law, the Company assumes no obligation and expressly disclaims any duty to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, even if subsequent events cause expectations to change.
You should consult our filings with the U.S. Securities and Exchange Commission (SEC), including the “Risk Factors” section of its most recent Annual Report on Form 10-K and subsequent filings on Form 10-Q, for additional detail about the factors that could affect our financial and other results.