PROMISSORY NOTES AND WRITE-OFFS	6 Months Ended
Jun. 30, 2026
Promissory Notes And Write-offs
PROMISSORY NOTES AND WRITE-OFFS	NOTE 15 – PROMISSORY NOTES AND WRITE-OFFS On August 19, 2024, Legacy Stardust Power entered into a promissory note arrangement with IGX Minerals LLC (“IGX”) (the “IGX Note”) for $176,000. Both arrangements are described in the Company’s Form 10-K. During the three months ended June 30, 2025, the Company wrote off the promissory note balance, including interest, in the amount of $182,481 as the note was deemed unrecoverable from IGX and the likelihood of entering into definitive agreements with IGX had diminished significantly. As a result, the Company recognized a loss of $182,481 in the Other Income/Expense section of the unaudited condensed consolidated statement of operations for the three and six months ended June 30, 2025. On March 15, 2024, Legacy Stardust Power entered into a non-binding Letter of Intent with Usha Resources Ltd. (“Usha Resources”) to potentially acquire an interest in its Jackpot Lake lithium brine project, paying a non-refundable exclusivity payment of $25,000. A further non-refundable $50,000 payment was made on May 14, 2024. Both arrangements are described in the Company’s Form 10-K. As of June 30, 2025, the Company determined that the likelihood of entering into definitive agreements with Usha Resources Ltd. had diminished significantly and wrote off the $50,000 deposit balance. The Company recognized a loss of $50,000 in the Other Income/Expense section of the unaudited condensed consolidated statement of operations for the three and six months ended June 30, 2025.

PROMISSORY NOTES AND WRITE-OFFS

6 Months Ended

Jun. 30, 2026

NOTE 15 – PROMISSORY NOTES AND WRITE-OFFS

On August 19, 2024, Legacy Stardust Power entered into a promissory note arrangement with IGX Minerals LLC (“IGX”) (the “IGX Note”) for $176,000. Both arrangements are described in the Company’s Form 10-K. During the three months ended June 30, 2025, the Company wrote off the promissory note balance, including interest, in the amount of $182,481 as the note was deemed unrecoverable from IGX and the likelihood of entering into definitive agreements with IGX had diminished significantly. As a result, the Company recognized a loss of $182,481 in the Other Income/Expense section of the unaudited condensed consolidated statement of operations for the three and six months ended June 30, 2025.

On March 15, 2024, Legacy Stardust Power entered into a non-binding Letter of Intent with Usha Resources Ltd. (“Usha Resources”) to potentially acquire an interest in its Jackpot Lake lithium brine project, paying a non-refundable exclusivity payment of $25,000. A further non-refundable $50,000 payment was made on May 14, 2024. Both arrangements are described in the Company’s Form 10-K. As of June 30, 2025, the Company determined that the likelihood of entering into definitive agreements with Usha Resources Ltd. had diminished significantly and wrote off the $50,000 deposit balance. The Company recognized a loss of $50,000 in the Other Income/Expense section of the unaudited condensed consolidated statement of operations for the three and six months ended June 30, 2025.