Stardust Power reports FY 2025 net loss $15.7M; cash $3.5M and going concern doubt

Stardust Power Inc.

Net loss improved to $15.7M from $23.8M; EPS loss of $2.13 vs $5.55.
Cash and equivalents $3.5M; substantial doubt about ability to continue as going concern.
Muskogee refinery FEL-3 study completed; Phase I CapEx ~$500M; air permit received.
Raised $13.2M equity, up to $10M debt; established $10M ATM facility with B. Riley.
Non-binding feedstock deals with Mandrake & Prairie for up to 13,500 LCE tonnes/yr.

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