strawduck
9時間前
So many political rabbit holes THV, even Alice would have a jib making sense of these!
There are so many Federal agencies and funds just sitting on the sidelines - of course no one wants to act first! And I honestly don't know how Czachor manages to break that concurrent impasse - but I'm hoping his experience at Piedmont gave him the blueprint.
DLA BAA SP8000-26-B-BAA0 (Amendment 001) is to submit a targeted White Paper under the newly added "Section 6: Project Scoping" and "Section 2: Supply Chain Assessments" lines. This would allow the company to secure direct, non-dilutive Pentagon capital to fund the final, detailed engineering layout of the Muskogee plant - then take that validation to Haustveit at the DoE and unlock the massive $500m he has waiting.
I think its all in the sequencing THV - so many options, its complex and political. No clear and obvious path - it will need skilful, diligent navigation - if Czachor can pull it off, it would crown his career.
More rabbit holes available on request! ;-o) I can't stop seeming to find them!
Best
SD
TheHappyVulcan
3日前
Oh, SD, you really got me with this EDU entity and Fienberg. This thing merits a deep study all by itself. He sounds like the kind of guy who could truly be a fly in the ointment for any political who-ha. I will compose a more substantive reply soon, but I must learn more about this EDU entity. It could either be a real nightmare for military adversaries or for humble American citizens depending on the underlying ethics on which this whole unit is operated. If private money is allowed to participate, legally or otherwise, I have what I will call " concerns."
Thank you so much for your good wishes. I am, in- deed, back in the saddle, if not properly mounted on a fine horse.
THV
strawduck
5日前
Good to have you back in the saddle THV! - I was getting worried and was going to ping you!
No, nothing so grand - I'm retired - found SDST back in a quiet January whilst originally hunting Bio-Pharma stocks for M&A prospects. Then - it looked so simple. HR.4090 had made it through Congress to the ENR, all bi-partisan support ................. looked like a home run of immense proportions! Then the politics of the Senate took over - clashes over ICE/DHS, the OBBA, the nominees (Hausveit and Pearce) that Heinrich was adamantly against - all created a toxic atmosphere on the Hill with no cooperation anywhere - the logjam started, Thune and co unblocked the nominees with S.690 - but ranking senator Heinrich has many oversight blocking cards to play if he doesn't get his way on the strictures of FEOC on the S714/3635 and 789 bills + he still wants his reforms to the old mining laws.
However, as you point out, he has to stop being "Dr No" at some point - the industry, Western Governors + his home state of New Mexico want to see progress + Trumps year old EO's - EO 14241 & 14272 speak directly to SDST's relevance and importance. Feinberg at the EDU, who trumpets "Energy Dominance" (as does Cadenazzi) has only served to throw petrol on the Hill divide with his massive appropriation to Vulcan for $620m (the one Trump Jnr bought into just 3 months earlier) - now I'm hoping that with egg on their face, the administration is now under considerable pressure to deliver a clean, defensible “win” in the critical-minerals space — which is why SDST’s FEOC-clean, state-aligned profile make them the perfect candidate. The AGM on Tuesday was no more than a compliance "tick box" (although I did take up the invite from Pujari to send 6 questions to SDST Investor Relations - I'll post Q&A when I get the reply) The tie up with Ohio University and the DoE is more "positioning" - although I'm impressed with the solidity of the position - I would dearly love an 8-K to say they've signed an exclusivity with KMK. That would fit beautifully with the Ohio pilot and, with the deal they already have with KMX for their VMD process, create an unassailable technical moat for SDST, who are the only refinery able to deal flexibly with different feedstocks. And CONSOL deals with processing the waste from old coal mines - and you can only imagine how popular that would be in the Rust Belt states ahead of the mid terms! New jobs and regeneration into run down communities - Lithium from old tailings!
If the were able to do that - and deliver a fully vertically integrated process - would it draw in a Chevron/Tesla JV for an ROFR? ............ or would Exxon, who are miles behind and in desperate need of a US, FEOC free refining facility - dive in with one big bid, ahead of any Fed money - simply as they cannot afford to lose to Chevron - even though Chevron would be the preferred final owner of SDST in Oklahoma. Money isn't an issue for either with their burgeoning balance sheets!
Every day I want to see a Fed grant or DoD RFS and it constantly frustrates me - and you are right, the long, slow summer months are nearly upon us.
SDST could drop the 8-K with KMK - that would give them a unique FEOC tech moat
One of the Tier 1's could pitch in with an ROFR - gives them pole position, costs nothing and allows them time for Fed money.
Perhaps as the dog days of summer approach - a UC package for refining as a blend of S.714, 3034 and my favourite HR.4090?
The entity behind the $150M might then feel happy to convert to binding - and then everyone piles in, as private money is on the table, a Tier 1 is announced, SDST have their FEOC free, tech moat and finally the arse covering bureaucrats sanction large chunks of Fed money - happy Independence Day?
TheHappyVulcan
5日前
Ok, I must ask, for whom do you write and/ or research? You have professional outlets for your work here?I love the research, passion and Intelligence you bring here .
Happily, I'm feeling more like myself again and ready to jump back in the game... despite a 2-3 week backlog of things to try to catch up on .
I'm thrilled to connect with someone who actually has knowledge of significant Executive Orders as you clearly have. Also, I now must educate myself on this alliance with DofE, Univ. Of Ohio and something called CONSOL.
You had mentioned a serious need for something to happen by June 2. I don't know yet if this fills the bill enough, though I rather doubt it, but the timing of yet another gift to Pujari's son of stock surely has meaning beyond mere estate planning, I suspect.
I must admit Heinrich bottlenecking the very effort the administration is trying to advance seems very counterintuitive and appears to be the sort of thing that would actually undermine Heinrich's political goals. Must be more to that picture that I am not seeing here( along with the other insights you've had for quite some time.)
As we begin the Summer, a traditionally slower time for the markets, I expect some very attractive share prices may appear. I'm happy to increase my position. The Spacex thing is so huge it has been sucking money from other sectors, but after the IPO has come and gone, some of the profits made from that thrill- ride will get spent on other sectors again and hopefully SDST will enjoy a sliver of that money even if only at a trickle. OK, by me.
I'll be back. Soon.
THV
strawduck
2週前
This week - Pujari understandably sold RSU shares, then (IMHO)very importantly gifted 563,000 shares at $2.18 to his son.
None of us do that unless we think that are substantially undervalued, so I think its reasonable to think he sees a good upside that he is looking to put beyond the reach of the IRS.
The worry for me is the Lind vote next week. Not only is it excructiatingly expensive - its anathema to Tier 1's and toxic to Federal agencies as Lind would have primary, senior secured lien on the company’s underlying assets and intellectual property + be diluting our stock by around 50%.
There's no consistency with the actions of Pujari and the 2nd June agenda - can anyone explain?
Politically, the orange man issued EO 14241 & 14272 in March last year, specifically minerals.
HR 4090 sits in the ENR, S.714 was reported out (full bi-partisan support) but held hostage by Heinrich for his 1872 mining reform (along with S.789 & 3635)
Mid stream refining vulnerability has been recorded and documented in the ENR + SaSC - commercial + military and even by Greer at the USTR who has called for a “national security premium” on non-China critical minerals and price floors and border-adjusted mechanisms"
Apart from the anally myopic Heinrich who blocks on procedure and jurisdiction + trumpeting his "green" brand and ransoming refining (which vulnerability he agrees!) - there is a broad Senate approval across the aisle and vast sums of appropriated Federal money sitting - waiting to be allocated.
But with the "Wall Street" hard noses of Feinberg and Beard now installed at the EDU and OMB - they have instituted SLA and spreadsheet management into the administration. They will not let public money go before they see private investment - ultimately - the same outcome as their bureaucratic predecessors, except they now have tangible SLA's and spreadsheets to hide behind.
If all was equal - Feinberg would have liaised with the ENR and come to an agreement that there is a logjam - and its keeping the US dependent on China - that logjam is midstream refining, everyone knows it.
To retain jurisdiction and procedure - the ENR retains oversight, whilst Feinberg instructs Cadenazzi to issue a generic RFS for mid-stream refining at 99.95% military grade purity (So SDST announce an exclusivity with KMK for their czt sensors to create a moat for the refinery) - funded by the DoD and co-signed by the DoE to ensure ENR retains their place - as Heinrich wants to be the next chair of the prestigious committee and doesn't want to lose control of refining to the DoD.
The pressure date for everyone is 1st January 2027 - enshrined in the hyperbolically titled "One Big Beautiful Bill" it states that effective January 1, 2027, the DoD is prohibited from entering into any new contract for covered materials that have been mined, refined, separated, melted, or produced inside a "covered nation" (China, Russia, North Korea, and Iran). This directly targets the mid-stream chemical processing layer. Even if an end item is assembled elsewhere, if the raw inputs (such as lithium, cobalt, or manganese) were refined or separated in a covered nation, the material is banned from new DoD contracts.
And despite all the pointers (hard evidence is very hard to pin down) - no sign of the blindingly obvious RFS? It wouldn't commit any Federal fund or appropriation - but at least SDST could reference it at the AGM and by saying they've applied (hopefully from my position) with KMK - it would simultaneously rerate the stock, remove the threat of delisting, allow them to remove Lind and access the $100m baby shelf - maybe even hit the Nasdaq $75M ceiling ................. ahhhhh - just seen my unicorns and rainbows!
Good luck for the 2nd everyone
and a restructuring of global supply chains to break dependence on China
strawduck
2週前
Oh, I'm sorry to hear you've been poorly THV - I hope it passes quickly and we find you back on form soon!
I've been in this stock since January - its been a tough ride! Had HR 4090 passed easily back in February, this would all be behind us.......... and that goes for S.714/789 and 3635
Heinrich is a pretty vocal opponent of the current administration (for which I have much sympathy) and he's also vocally against the stance of Wright, Pearce and Hausveit - its not that he's agin refining - but he wants the old 1872 mining laws revoked, especially in his home state of New Mexico - where waste tailings are toxic and can pollute the water table. My issue is that he conflates totally separate topics with Critical Minerals and holds them to ransom - blocking the way for SDST.
I can only see this as being political now - the RFS for mid-stream refining from the "Energy Dominance" unit - run by Feinberg and supported by Beard at the OMB, is long overdue.
They have instituted SLA style management to prevent the endemic delays and prevarications that have pervaded the US political system - but ignored the fact that despite implementing a basic SLA structure - they haven't addressed or solved the underpinned culture of "no one moves first"
This leaves every decision tree a "series" rather than "parallel" event - which means Heinrich. as ranking member, still blocking behind the scenes - I'm just surprised that Feinberg hasn't told Cadenazzi to just issue the RFS - maybe they are still smarting from fall out of the dispute on Vulcan Elements - the startup backed by venture capital tied to Donald Trump Jr.’s firm, 1789.
(Why would anyone call their son junior??)
Feinberg and Beard have a strict set of criteria they now apply - despite their hyperbole, they are as arse covering as the existing bureaucrats - except now they have SLA's and spreadsheets to hide behind. Their Wolf of Wall Street phrase is "show me the private investment" of course with a refinery/mine - or any large infrastructure - its Fed first, then private investment. So it looks as if SDST are tapping into the B.Riley $5m ATM to bump up their cash on hand.
Although one new thing I discovered - as they are eligible for the 45x IRA credits - they can sign a Forward Purchase Agreement (FPA) with a tax-credit buyer - they'd get 85-92 cents on the dollar and could raise $50M–$150M before production - strange but legal! .......... and non-dilutitive.
Its just painful watching as they survive from day to day, keeping their heads above water - whilst those standing on the bank with the (RFS) lifebelt, refuse to throw it.
On the upside - a single investor took around 140K of stock on Friday!
I'm now just confused - a vital piece of infrastructure for the US is just being ignored by the Federal authorities tasked/mandated to address and solve it + they have $Bn's of existing appropriated money just waiting to be released from their bulging budgets. Hey ho
Anyway - its sunny - I'm going to get out for a walk and try to forget this for a while - be well soon THV,
TheHappyVulcan
2週前
SD, I'm am quite under the weather these past few days, though, nothing at all serious. It's just taken the wind out of my sails, damn it.
Like you, I am an optimist here . I've been building a position here for quite awhile and I fully expect about 6 months before the entire operation starts turning out any net profit, the share price will be driven up rather dramatically by the retail investor market. I study financial behavior and filings the way you scrutinize the political environment. Hell, we could open a consultancy!
I was surprised to read you were thinking about the possibility of a delisting, but I do know that even if that threat reared it's head, a fair bit of time would be granted to resolve the problem. I'm just kicking myself a bit for not buying more under $2 last week or thereabouts .
Do you still see Heinrich as a fly in the ointment here? There's a chair he wants and seems willing to play games to get.
More very soon.
Thank you,
THV
strawduck
3週前
Mmmmm - good prompt THV - so much water has gone under the bridge!
I don't know if this constitutes confirmation bias? Especially in the light of the plunging stock!
Pujari converted a portion of his warrants/options into common shares a few weeks ago, increasing his insider position. He did not sell. This tightened the float and strengthened insider alignment ahead of the federal window, So I would agree - this isn't the action of someone bailing out.
It also means, according to my fingers and thumbs, that given the insider and long term holders - there's only around 4.5m shares available at any one time - which means that if a surprise event were to happen - the vulture shorters, who have been having a whale of a time at our expense - would be scurrying to cover their positions - and that would drive the stock as they scatterered, Seems a pipe dream at the moment!
In the same way Pujari recruited 2 real veterans in Ken Pitts (Eng Contruction) and the storied Bruce "The Jackal" Czachor - veteran of Piedmont. Why would they hitch themselves to the SDST wagon if it was going to be hollowed out?
My rationale is that the $150m is explicitly for "project finance" - on the +side, it shows a serious institutional interest and prevents dilution .........and could anchor the whole refinery if the Fed RFS lands before 2nd June - negatively it represents a threat if the RFS doesn't appear or gets delayed until after 2nd. Like you - no trace of who is behind it - if I were to guess, a fellow Cornerstone or LRIC member.
What I would really like to know is who is holding the 5.5m of founders shares that were distributed a few weeks back
It would all be so much easier if there were not so much continued downward pressure on the stock!
TheHappyVulcan
3週前
I'm trying to learn more about KMK, Kromek and Stardust, individually.
Further, do you recall a few months back that the stardust CEO put a massive number of restricted shares into his son's name?
Given how this is all being structured, it may or may not be a good estate planning move for this to have happened at all. My point is that certainly if anyone has any insight INto how this is going to play out it will be the CEO.
WHY would he bestow such a trust to his son if the company is to get gutted? I know, this is an oversimplification to be sure, and I am making certain assumptions, but it seems the CEO is making plans based on an expectation that this enterprise evolves more organically and less as a politically- driven cash cow.
Seems the ENR is in no hurry to put anything to bed one way or another. More homework for me is needed to compile an informed opinion, but I'm working on that .
I've been watching the share price drop, but given geopolitical stressors and financial behavior considered, this is to be expected in my view.
If the SeC required documentation down the road can show a transition from a pre- revenue status to a profit generating status, much of the stock buying public will drive up share value .
By then, actually long before then, I hope to know better what you and I have been discussing here.
Never have I seen anyone so educated on the legislative aspect of an investment as you. I thought I had a good understanding of important basics. You have seriously modified this.
More soon . Sorry for my post that goes all over the place.
THV
strawduck
3週前
After months of waiting for Federal action - and S.714 could so easily have been amended by Heinrich/Lee/Kelly with guardrails for "refining" back in February/March - and we would be in this very tense position - its still prince or pauper for us!
Now, with the 2nd June approaching fast - its on a knife edge as to whether the parent SDST survives or whether we get hollowed out, with the $150M simply funding the refinery build - that $150M is specifically project funding only, it is not for the parent company.
The Federal lifebelt - that's long overdue - and hopefully (now that all the nominees in the S,690 en bloc are in post) the DoD, with Heinrich's blessing, they will issue a joint DoD/DoE RFS before 2nd June.
That way, its the parent SDST, who is the recipient of the Fed document - not the refinery project, which would only exist after 2nd June.
Its about the only thing I can see that would save the situation - and I would be very happy to hear an alternative?
Not to be overly downbeat, in our favour, the federal agencies prefer parent-anchored structures for Fed funding, someone they know, a stable Tier 1 that they have a relationship with, not an unknown investor SPV who may have FEOC issues - especially just before the mid-terms.
My thinking has shifted from Exxon - a massive balance sheet, but they'll want complete control. I'm leaning towards a Chevron/Tesla JV - much less controlling and well liked with a very good relationship in Oklahoma - where, if Gov Stitt is of a mind, he could find all kinds of reasons to delay the build.
Here's a final one for you my friend - take a look at KMK (UK AIM listed).
SDST already have a long standing MSA with KMX for their VMD process - what I think they need are the CZT sensors from KMK embedded in the refinery design to ensure both 99.95%+ purity + the FEOC "fingerprint" that the DoD/DoE will mandate in the RFS and ahead of the 1st Jan 27 deadline. If this is the case - in a wonderful world of unicorns and rainbows ............... the RFS gets issued before the 2nd June and SDST announce an exclusivity deal with KMK which tethers the IP to the parent and is another hollowing out defence.
Tier 1's can then buy a a complete package, a fully vertically integrated and tech moat facility - blessed by and under the protective umbrella of the Fed - a true US industrlal asset in the mid west with around $257m of funds already allocated by Gov Stitt in support of local job creation for his "hub & spoke" model for Muskogee.
Its still only a narrative of my imagination - and with the stock slipping further each day - its getting harder and harder to believe its anything other than that?
strawduck
3週前
That's made me laugh THV! The joys of the synthetic ATM eh! For your next rabbit hold homework .......... have a look at the $100 "baby shelf" facility Czachor set up a few weeks back and figure out "why?" - its not cheap per month. Then you can move on to the thornier subject of the "poison pill" on the 2nd June agenda - to approve the issuance of shares of common stock to Lind.
The Founders of SDST have done a great job bringing the company to FID - and are now, inevitably in the "valley of death" - all permits in place and ready to go - but no cash. And no private or institution will lend without seeing the government agencies move first, Classic "follow the flag" - however, gov agencies won't move without private money in the game so that they can see a prospect of getting a return, or their money back - Catch 22.
I'm hoping, that to break this impasse, Feinberg instructs Cadenazzi to issue a fast 5 day RFS (Request for Solution) on the Cornerstone/Lynx portal for Mid-Stream refining stating a min 99,95% purity (which is where KMK & their CZT sensors play) as this is a DoD driven action - military grade batteries - and the US need an FEOC free source by 1st Jan 2027 - as mandated in the Big Beautiful Bill.
Currently, I reckon Heinrich (ENR) is making a jurisdictional fuss and delaying (again) - as, if issued by the DoD he'll lose his oversight, so maybe jointly signed off by DoE & DoE - remember, he hankers after being the next ENR chair - he won't want to let this go.
As much as this is about a very much needed Lithium refinery - its very heavily weighted towards Senatorial politics - unless they find/agree a way to inject Fed funds - 2nd June might be carnage.
As ever, take with a very large pinch of salt - its all a narrative of my construction - I can't find solid evidence to corroborate, just an intriguing story of my own making! '-o)
Good luck to everyone - any and all counter comments very welcome
strawduck
4週前
This whole silence and absence of any sign of Federal support is hard to bear. So, as they have the quarterly earnings call this evening, I've just sent the following 3 questions - lets see what comes.
1. Regarding the $150 million project financing LOI: Management has previously aligned the Muskogee refinery with a 24-month construction timeline beginning in 2026. Given we are now in mid-May, what specific legal or technical gating items remain to convert this LOI into a definitive, binding instrument? Specifically, is the transition to a binding structure contingent on the outcome of the share issuance votes scheduled for the June 2nd AGM?"
2. The One Big Beautiful Bill Act” (OBBBA), Public Law 119 21, states that after 1 January 2027, any battery, component, or critical mineral input linked to a “prohibited foreign entity” becomes ineligible for IRA tax credits.
Which means that the U.S. Military loses legal access to FEOC compliant lithium the batteries that it needs. As the only 100% FEOC-free refining asset currently positioned for a 2026 build and able to achieve the 1st January 2027 deadline, your strategic value to Tier 1 OEMs and energy majors is unique.
However, the company is currently facing a $35 million market-cap requirement for Nasdaq compliance, while attempting to move a $500 million project to FID. Does the Board view the current equity valuation as a hurdle to traditional financing, and is there an active shift toward asset-level 'backstops' or ROFR agreements to de-risk the Muskogee build without further diluting shareholders at these levels
3. Proposal 3 in the June 2nd Proxy seeks approval for the issuance of shares to Lind Global. Can management clarify the primary objective of this specific equity trigger: is it to provide operational runway via the ATM, or is it a structural requirement for a defensive 'poison pill' or shareholder rights plan to protect the asset from an opportunistic Tier 1 bid while the equity is trading below the $35 million compliance threshold?"
strawduck
4週前
Sorry for the delay THV - this has been complex and complicated over the past few days! Much waaay beyond my paygrade!
However - "yes" I think they'll announce an exclusivity deal with KMK to provide verification of the 99,9% military grade batteries that the US DoD will mandate......... and on that tack - S,690 was adopted last night, which means that 49 "Trumpites" in various guises will be in post by latest tomorrow, some today - and all will advance the "Energy Dominance" mantra being chanted - which will unlock $Bn's in Fed funds/grants/loans.
However, Heinrich in particular (ENR Ranking member) is less than happy with "Mine baby Mine" and has been blocking S714,789 and 3635 - so I think they'll switch to a DoD angle, bypass him on the ENR and issue a DPA III RFS for Mid Stream refining - to 99.9% purity - which nullifies Heinrich's environmental challenge and removes his ENR influence as this has become a SASC driven Federal Event.
All to be taken with a large pinch of salt - its only my narrative - I cannot find substantive evidence to support - just the macro environment.
In another piece of "hope" I'm hoping the exclusivity is between SDST (parent) and KMK - which means, that despite the $150m being at project/refinery level - we shouldn't get hollowed out and left stranded.
Nervous and cautious - but hanging in there!
Well done on the warrants btw
TheHappyVulcan
1月前
I have not read the agenda for the next meeting, but I certainly will. Also, do you mean KMX , not KMK? JUST want to certain I have this correct.
Inevitably there will be a time when retail sentiment starts to drive the price per share higher. For me, this is usually the time to liquidate some or all of a given position . I own a good stash of the 2029:warrants. Ive made bank on those a couple times already. If any new warrants become available publicly I'll consider buying some.
Boy, I've got homework to do.
THV
TheHappyVulcan
1月前
Your level of research seems to come from an evolved and sophisticated understanding of governmental machinations in endeavors such as Sdst.
I would love to learn more about the path you've walked to get to this depth and direction of research.
I do read underlying financial reports as they become available but my understanding of them is incomplete, so I spend sometimes significant chunks of my time researching concepts I find therein .
I do not, at least at this point, have any specific concrete revelations to share. I'm learning more from you and your work. This has caused me to start investigating more of my own portfolio of equities from a legislative perspective.
Research, indeed..
Thank you, THV
strawduck
1月前
Final post after long painful research today.
Looks to me, IMHO, despite all the positive signs and permits etc - I think SDST with their $150m LoI which is project only, not company, have pivoted from stockholder to project only value.
I'm sure the refinery will still get built - but with the current SDST as a shell - all the money is now effectively discrete to the refinery - the agenda for the shareholder meeting on 2nd June - effectively says this.
New stock and warrants will be issued - to the project - not to the parent company, which will be left to wither on the vine.
All the positive things will still happen - Federal and State support will still arrive and it will all be declared a wonderful "win" but not for us existing stockholders.
Apologies for the extreme negativity - I would welcome a positive counter
strawduck
1月前
Small supplement - (one of the many) frustrating aspects of this is the invisibility of it all.
Even the very necessary exclusivity with KMK would be run under the umbrella of their EPC - no announcements or 8K needed, it all runs under the radar.
And Czachor needs at least one announcement before the shareholder meeting on the 2nd, where there are going to issue a slew of new stock - and warrants (although I think most of the warrants are going to KMK) so they get a long term benefit from when an Exxon or other, steps in to buy the vertically integrated, FEOC free, fully Federally supported/funded stack............. but before that world of unicorns and rainbows - I think we need to hunker down,
strawduck
1月前
A pleasure and thank you,
There are - as we've seen there are some significant bumps in the road - the vultures are shorting the stock, due to its parlous cash position - Heinrich is maintaining his hold on S.714,789 & 3659 which has stalled all the $Bn's in Federal Grants/Funding - but its sitting there wating.
The administration finally passed S.690 - its a workaround him - 49 en bloc nominees will be in their new jobs on Tuesday 12th - importantly for us Hausveit at the DoE, Pearce at the DoI and LeCerte at Ferc. They will have the authority and approval levels to get the fly wheel spinning. The immediate impact being to operationalise the DoE & USGS definitions of "critical minerals" - which is essentially the core of S.714 - so Heinrich gets bypassed.
Then, fingers crosses, Cadenazzi (DoD) issues a RFS for defence grade mid-stream lithium refining - as he know has political cover from the new appointees + the USTR report that calls out the vulnerability and bottleneck that the US has.
The bones and structure are there - SDST need a concrete announcement - convert the recent LoI to binding, exclusivity with KMK etc - drive the stock and access the $100m baby shelf.
If only the Senate weren't in recess this week
strawduck
1月前
S,690 passed - that's 49 different Trump nominees in their new posts on Monday.
This is marked and a significant pivot - and bypass of the "hold" that Heinrich had maintained in the ENR on S,714/789 and 3635.
Expect Hausveit, Pearce, LeCerte, Cadenazzi and Feinberg to be collaborating to bring together an active and dynamic Energy Dominance Programme that runs at a speed the old fashioned Senate and its committees cannot keep up with.
Each agency has funds at its disposal to allocate and re now keen - with Wright and Burgum - all told to be more pro-active ready to take risks - well over $1Bn + IRA credits and 48C benefits waiting to the buyer of SDST
strawduck
1月前
Senate and legislative tailwinds at gale force now!
S.690 for cloture vote today - this will see Hausveit, Pearce and LeCerte in their new posts on Monday.
Effectively bypassing Heinrich's hold on S714, 789 and 3635 - strong across the aisle support with Langford & Kelly and other mining states keen to get this legislation passed and Fed funds flowing.
In Oklahoma, Gov Stitt has passed a range of Exec actions - Build, EPSA and Roads to ensure that all the heavy brine trucks can pass quickly across and through the state.
All green lights with the DoE, DoI and DoD + the new EDU clearly calling out mid-stream refining as a key bottle neck in the USA Critical Mineral industry.
Combine this with the multiple Fed Funds/Grants that SDST are in line for - specifically the urgent One Nation Innovation (ONI) that, with the DoE, DoI and DoD aligned with the EDU - could be accelerated and awarded before the 2nd June company meeting - this is a dam of money about to float SDST.
TradingCharts
3月前
Thank you for pointing that out I think I had multiple ihub pages opened and obviously got it wrong..
🛡️ Stardust Power Joins Cornerstone Consortium to Support U.S. Critical Minerals Security
https://www.linkedin.com/posts/stardust-power_criticalminerals-lithium-industrialbase-activity-7432054211481264128-8pjD?utm_source=share&utm_medium=member_desktop&rcm=ACoAACqICfIBDnVCtKiuX6gsoBWZSJ9pAt341yg
Stardust Power (NASDAQ: SDST) has joined the Cornerstone Consortium, a U.S. Department of Defense-aligned collaborative framework focused on strengthening the domestic industrial base and securing critical supply chains.
Cornerstone brings together defense stakeholders, private industry, academic institutions, and research centers across 18 industrial base sectors, including critical minerals & materials, to address supply chain vulnerabilities and manufacturing resiliency essential to U.S. economic and national security.
As a developer of domestic lithium refining capacity, our participation aligns with national efforts to reduce reliance on foreign-sourced critical minerals and expand secure U.S.-based processing.
As we advance our Muskogee refinery toward construction and commissioning, engagement through Cornerstone enables collaboration alongside government and industry partners focused on strengthening America’s critical minerals and manufacturing base.
🔗 Read the full press release here: https://zurl.co/UhL4B
hashtag#CriticalMinerals hashtag#Lithium hashtag#IndustrialBase hashtag#SupplyChainSecurity hashtag#StardustPower
TradingCharts
4月前
🔋We’ve secured up to $10.0 million in flexible equity financing through a common stock purchase agreement with B. Riley Principal Capital II, LLC.
https://www.linkedin.com/posts/stardust-power_lithium-batterymaterials-energytransition-activity-7429892463735013376-jOB6?utm_source=share&utm_medium=member_desktop&rcm=ACoAACqICfIBDnVCtKiuX6gsoBWZSJ9pAt341yg
This facility allows Stardust Power to raise capital incrementally over the next 36 months, aligning funding with execution milestones.
Proceeds will support pre-construction and construction activities, long-term growth objectives, working capital, and general corporate purposes as we advance our strategically important U.S. lithium project.
This flexible capital structure ensures we can continue advancing our Muskogee project, while maintaining optionality and discipline.
📄 Read the full press release: https://zurl.co/rO7Ae
hashtag#Lithium hashtag#BatteryMaterials hashtag#EnergyTransition hashtag#CapitalMarkets hashtag#StardustPower
TradingCharts
4月前
Next Earnings Date Notes/Source
AMPX
Amprius Technologies Inc
March 19, 2026
Estimated
AVAV
AeroVironment Inc.
March 3, 2026
Estimated
CCJ
Cameco Corp.
February 13, 2026
Confirmed, before market open
EADSY
Airbus SE - ADR - Level I
February 19, 2026
Confirmed airbus.com
ENVX
Enovix Corp
February 18, 2026
Estimated
HGRAF
Hydrograph Clean Power Inc
March 3, 2026
Estimated
HPQFF
HPQ-Silicon Resources Inc
April 24, 2026
Estimated for Q4 2025
(Yahoo estimates Feb 4, 2026, but may be for a prior quarter finance.yahoo.com)
IBATF
International Battery Metals Ltd
February 6-17, 2026
Estimated range
NESR
National Energy Services Reunited Corp
March 11, 2026
Estimated
NVDA
NVIDIA Corp
February 25, 2026
Expected, after market close
PILBF
Pilbara Minerals Ltd
February 19, 2026
Estimated for half-year
QS
QuantumScape Corp
February 11, 2026
Confirmed, after market close
RCAT
Red Cat Holdings Inc
February 13, 2026
Estimated
SDST
Stardust Power Inc.
March 26, 2026
Estimated
SES
SES AI Corporation - Ordinary Shares - Class A
March 4, 2026
Expected, after market close
SLDP
Solid Power Inc
February 26, 2026
Estimated
TDY
Teledyne Technologies Inc
April 22, 2026
Estimated
TE
T1 Energy Inc.
March 16, 2026
Estimated
TSLA
Tesla Inc
April 21, 2026
Estimated
TradingCharts
4月前
A key differentiator in Stardust Power’s refinery design is supply diversification.
https://www.linkedin.com/posts/stardust-power_lithiumsupply-batterymaterials-energyinfrastructure-activity-7424855513919692800-SCOR?utm_source=share&utm_medium=member_desktop&rcm=ACoAACqICfIBDnVCtKiuX6gsoBWZSJ9pAt341yg
The facility is engineered to aggregate lithium supply from multiple partners—particularly smaller North American producers—with a clear focus on lithium brines as the preferred feedstock, supplied in the form of lithium chloride, which is then refined into lithium carbonate.
This model is designed to maintain continuity even if individual suppliers encounter delays, technical challenges, or market disruptions. By decoupling refining capacity from single-asset risk, Stardust Power reduces feedstock concentration risk and strengthens operational resilience.
Investors or strategic partners interested in learning more can connect with our team at info@stardust-power.com
hashtag#LithiumSupply hashtag#BatteryMaterials hashtag#EnergyInfrastructure hashtag#StrategicResilience hashtag#StardustPower
TradingCharts
4月前
This one was a big one for us. We are shovel ready and fully permitted for construction and commissioning. We have been dilligent to derisk this critical piece of the nation’s infrastructure.
https://www.linkedin.com/posts/roshanpujari_airpermit-environmentalstewardship-lithium-activity-7422744351061221377-TAji?utm_source=share&utm_medium=member_desktop&rcm=ACoAACqICfIBDnVCtKiuX6gsoBWZSJ9pAt341yg
Stardust Power, Inc
1d • 1 day ago • Visible to anyone on or off LinkedIn
🌿 Permitted. Responsible. Ready.
Last week, Stardust Power received the final major environmental approval needed for construction and commissioning of our Muskogee lithium refinery.
The Oklahoma Department of Environmental Quality (ODEQ) permit is now secured, following our earlier confirmation that no industrial wastewater discharge permit is required. Together, these approvals confirm our design meets strict environmental standards and position Stardust Power to advance toward FID and construction.
🔗 In case you missed it, find the press release here: https://zurl.co/APW8l
hashtag#AirPermit hashtag#EnvironmentalStewardship hashtag#Lithium hashtag#CriticalMinerals hashtag#Oklahoma hashtag#Muskogee hashtag#StardustPower
TradingCharts
5月前
🚨The White House proclamation issued on January 14, 2026, on Adjusting Imports of Processed Critical Minerals and Their Derivative Products into the United States, marks a consequential shift in U.S. industrial policy:
👉 https://zurl.co/872lV
It goes beyond tariffs and represents a deeper structural shift. The U.S. government has formally concluded that:
• Processed critical minerals and their derivative products represent a national security risk
• The U.S. is structurally dependent on foreign processing, even where it mines domestically
• Price volatility is undermining private capital formation
• The real bottleneck is midstream refining, not upstream mining
These conclusions align with what Stardust Power has been communicating for months. Now grounded in Section 232, they form the legal backbone for trade action, price stabilization mechanisms and long-term industrial policy – no longer just rhetorical, but actionable!
hashtag#CriticalMinerals hashtag#IndustrialPolicy hashtag#Mining hashtag#EnergyTransition hashtag#BatteryMaterials hashtag#SupplyChain hashtag#Section232 hashtag#CleanEnergy hashtag#Manufacturing hashtag#StardustPower
Activate to view larger image,
https://www.linkedin.com/posts/stardust-power_criticalminerals-industrialpolicy-mining-activity-7417970147585314816-93lj?utm_source=share&utm_medium=member_desktop&rcm=ACoAACqICfIBDnVCtKiuX6gsoBWZSJ9pAt341yg
TradingCharts
5月前
We’re strengthening our federal engagement as we advance America’s lithium supply chain.
https://www.linkedin.com/posts/stardust-power_lithium-criticalminerals-energysecurity-activity-7414658118690770944-bbhc?utm_source=share&utm_medium=member_desktop&rcm=ACoAACqICfIBDnVCtKiuX6gsoBWZSJ9pAt341yg
Stardust Power has engaged 38 North Solutions to support federal policy, funding, and critical-minerals engagement as we move our Muskogee refinery into its next phase of development.
With engineering complete, construction permitting in hand and feedstock sources available, this is about aligning policy, capital, and execution at the right moment.
Building battery-grade lithium in the U.S. matters — for energy security, manufacturing, and jobs.
🔗 Read today’s announcement: https://zurl.co/SQdvW
TradingCharts
5月前
Stardust Power Receives Independent Review Of Its Muskogee Lithium Refinery
December 10 2025
https://investorshub.advfn.com/stock-market/NASDAQ/stardust-power-SDST/stock-news/97412218/stardust-power-receives-independent-review-of-its
Stardust Power engaged Black & Veatch, a global engineering, construction and consulting company providing infrastructure solutions to clients around the world, to conduct a rigorous Independent Engineering Red Flag Report (the “IE Report”) assessing the Company’s plans to construct a 50,000 metric-ton-per-annum battery-grade lithium carbonate facility starting with a Phase 1 of 25,000 mtpa.
The IE Report covered Stardust Power’s assumptions concerning, among other topics:
Site and infrastructure conditions — Muskogee, Oklahoma site confirmed as suitable, with access to municipal power, gas and water;
Construction schedule — 24-month construction duration and 12 month ramp up duration considered achievable;
Procurement and supply chain strategy — Determined to be reasonable and in line with industry practices;
Permitting status — Environmental studies and permitting progress determined to be reasonable;
Technical and design basis — Evaluation of the project’s technical design, engineering documentation, and major process flows confirmed compliance with current industry norms and the likelihood that the technology will perform as intended.
The independent review by Black & Veatch validated the Company’s project design is based on proven lithium processing systems, with modifications that allow it to handle a wider range of feedstocks and still recover lithium efficiently. The review found the technology risk to be low, reflecting the similarity of the design to established operations worldwide. It also confirmed that phase one production of 25,000 metric tons per year and the expected lithium recovery rate are achievable. Assumptions about long term operating availability and ramp-up were evaluated as consistent with industry experience for this type of facility, providing a solid foundation for early production planning. With the project’s specifications and design basis determined to be consistent and supportable, and its procurement strategy determined to be reasonable, Stardust Power considers the project’s production targets and execution plans to be validated against industry practices.
On the execution side, the report found that the Company’s quality assurance, risk management, and contractor vetting processes were aligned with industry practices, providing an added layer of confidence as the project moves toward construction.
“Completing this independent engineering review is a major milestone for Stardust Power’s commitment to deliver battery-grade lithium carbonate to support America’s energy security and industrial resilience,” said Chris Celano, Chief Operating Officer. “It validates the foundational assumptions underlying the Company’s FEL 3 study and advances our project to the next stage of development. This IE report provides to investors and stakeholders additional third-party validation of the project’s technical bases underlying its modeling and confirming that the project’s assumptions are realistic, achievable and adequately benchmarked against industry norms”.
Roshan Pujari, Founder and CEO, added, “Black & Veatch’s independent validation reinforces the technical integrity and feasibility of our approach. We continue to de-risk this critical piece of national infrastructure and with this successful review complete, we are ideally positioned to optimize Stardust Power’s project execution.”
With the completion of the FEL 3 and independent validation, Stardust Power continues to advance the Muskogee project toward major construction, maintaining focus on speed to market, operational excellence and domestic supply chain resilience.
About Stardust Power Inc.
Stardust Power is a developer battery-grade lithium carbonate designed to bolster America’s energy security through resilient supply chains. The Company is building a strategically located lithium refinery in Muskogee, Oklahoma, with the capacity to produce up to 50,000 metric tons of battery-grade lithium carbonate annually. Committed to sustainability at every stage, Stardust Power trades on Nasdaq under the ticker “SDST.”
For more information, visit www.stardust-power.com
TradingCharts
5月前
PIPE and early-capital / private investor context
The detailed PIPE investor names are not listed in these ownership feeds, but filings and deal summaries (which we discussed earlier) provide the structure:
Business combination with Global Partner Acquisition Corp II (GPAC II):
Deal structure included a $100M PIPE, with PIPE investors projected to own ~17.2% post-deal in pro forma models (pre-trading, pre-sell-downs).
Post-listing financing:
Common Stock Purchase Agreement and Registration Rights Agreement with B. Riley Principal Capital II, LLC, giving Stardust an equity line of credit (B. Riley is effectively a structured capital provider, not a long-only institution in the typical holder list).
Because:
Many PIPE investors can be funds that either:
don’t cross 13-F thresholds,
or sold down post-de-SPAC,
or are not long-term holders,
they often won’t show up cleanly in current 13-F institutional lists like Fintel/Nasdaq.
So:
Top current institutions are those listed earlier (Luminus, Blackrock Funding, Geode, UBS, Coldstream).
PIPE players are not clearly enumerated in these ownership tools; you’d have to go into the specific S-4/S-1/424B3 tables for exact historical allocations.
TradingCharts
5月前
Stardust Power Secures Financing To Advance Oklahoma Lithium Refinery Toward Construction
December 24 2025
https://investorshub.advfn.com/stock-market/NASDAQ/stardust-power-SDST/stock-news/97511794/stardust-power-secures-financing-to-advance-oklaho
Stardust Power Inc. (NASDAQ: SDST) (“Stardust Power” or “the Company”), an American developer of battery-grade lithium carbonate, today announced it has executed a Securities Purchase Agreement with a single institutional investor providing for up to $15.0 million in senior secured convertible debt financing to support early-stage construction activities at its lithium refinery project in Muskogee, Oklahoma.
The facility includes an initial $4.0 million drawdown and provides the Company with flexible capital to advance detailed engineering, infrastructure, and procurement activities as it progresses toward construction. The financing has a 24-month term, includes an initial repayment moratorium, and provides the Company with the option to repay the facility in cash or common stock. The facility is intended to support near-term development activities and may serve as bridge financing as the Company advances toward project-level construction financing.
“This facility marks an important step as we prepare for construction and provides optionality and meaningful flexibility as we execute the next phase of the Muskogee project,” said Roshan Pujari, Founder and Chief Executive Officer of Stardust Power. “We are building a robust capital stack with flexibility and shareholder value in mind and are focused on keeping our capital structure aligned with upcoming project milestones.”
The Company plans to fund construction of its 50,000 metric ton per annum refinery through a combination of asset-level equity and asset-level debt financing, designed to minimize public equity dilution and maximize shareholder value, with early stage investor engagement reflecting interest in the project’s shovel-ready status.
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