Stardust Power Regains Nasdaq Compliance, Fuels US Lithium Supply Chain Ambitions

Greenwich, Conn. – November 2, 2025 – Stardust Power Inc. (Nasdaq: SDST) has successfully regained full compliance with Nasdaq Stock Market listing requirements, averting potential delisting and signaling a crucial step forward for the company’s ambitious plans to establish a domestic lithium supply chain. The company announced the confirmation on October 31st, following a period of uncertainty regarding its financial stability and market capitalization.

Just weeks ago, Stardust Power faced a Nasdaq Hearings Panel, a scenario that threatened to remove the company from public trading. However, strategic maneuvering and a renewed focus on its core project – a lithium refining facility under construction in Muskogee, Oklahoma – have steered the company back into good standing. This development arrives at a critical juncture as the US strives to reduce its reliance on foreign sources for key battery materials, driven by the booming electric vehicle market.

“Regaining compliance is a testament to the dedication of our team and a validation of our long-term vision,” said a company spokesperson. “This allows us to focus fully on executing our project and delivering a secure, domestic source of lithium for the growing EV industry.”

A Rocky Road to Compliance

The path to regaining compliance wasn’t without its challenges. Over the past year, Stardust Power has navigated financial headwinds, including significant net losses and concerns about its ability to maintain a minimum bid price. In 2022, the company received a non-compliance notice from Nasdaq, prompting a reverse stock split in 2023 as a short-term fix. While this initially addressed the issue, underlying financial concerns persisted, leading to the looming threat of delisting.

“The company was essentially walking a tightrope,” explains a financial analyst familiar with the lithium sector. “They needed to demonstrate a clear path to profitability and reassure investors that their project was viable. This compliance confirmation buys them time, but it doesn’t eliminate the inherent risks.”

The Oklahoma Project: A Strategic Imperative

The future of Stardust Power hinges on the successful completion and operation of its Oklahoma refinery. The facility is designed to process lithium concentrates, transforming them into battery-grade lithium hydroxide and carbonate – essential components for EV batteries. The project is strategically located to access lithium resources from various sources and aims to capitalize on the growing demand for domestically produced battery materials.

According to the Oklahoma Department of Commerce, the facility is projected to create hundreds of direct and indirect jobs, injecting significant capital investment into the local economy. The Muskogee community is eagerly anticipating the economic benefits, with the potential for increased business opportunities and infrastructure development.

“This project is a game-changer for Muskogee,” stated a local economic development official. “It’s not just about the jobs; it’s about positioning our community as a hub for the advanced energy sector.”

US Lithium Supply Chain: A National Priority

The revitalization of a domestic lithium supply chain is a national priority, driven by the increasing demand for EVs and the geopolitical risks associated with relying on foreign sources. Currently, the US imports a significant portion of its lithium from countries like Australia, Chile, and China.

The US Geological Survey (USGS) reports that the US possesses substantial lithium resources, including brine deposits in Nevada and hard rock deposits in North Carolina. However, development has been hampered by regulatory hurdles, environmental concerns, and limited processing capacity.

“There’s a clear need to diversify the lithium supply chain,” explains a materials science expert specializing in battery technology. “Reducing reliance on foreign sources is crucial for ensuring the long-term sustainability of the EV industry.”

Companies like Albemarle and Lithium Americas are also actively pursuing domestic lithium projects, but Stardust Power aims to carve out a niche by focusing on refining and processing, rather than mining.

Challenges Ahead

Despite the positive news regarding Nasdaq compliance, Stardust Power still faces significant challenges. The company remains unprofitable and heavily reliant on external funding to complete its Oklahoma project. The volatile lithium market, subject to price fluctuations and supply chain disruptions, also poses a risk.

Furthermore, the company must navigate environmental regulations and address potential concerns from local communities regarding the environmental impact of its refinery operations. Transparency and community engagement will be crucial for building trust and securing long-term support.

“Regaining compliance is just the first step,” warns the financial analyst. “The company needs to demonstrate a clear path to profitability and deliver on its promises to investors and the community. It's a high-stakes game, but one with potentially significant rewards.”

The success of Stardust Power’s ambitious project will not only determine the company’s future but could also play a pivotal role in shaping the future of the US lithium supply chain and the nation's transition to a clean energy economy. The company’s ability to navigate the challenges ahead will be closely watched by investors, policymakers, and the broader energy industry.