Tetra Technologies rises after lithium deal with Exxon

Tetra Technologies

13/11/2023 16:50

** Oil and gas services provider Tetra Technologies'  TTI.N 
shares up 11.4% at $4.79
    ** Exxon plans to partner with Tetra Technologies to produce
lithium from subsurface wells by 2027 onsite and sell it under
the brand name Mobil Lithium 
    ** Reuters reported this year that Exxon had agreed to
develop more than 6,100 lithium-rich acres in Arkansas with
Tetra, which produces chemicals for water treatment and
recycling
    ** Tetra previously agreed to lease more than 27,000 acres
in Arkansas to Standard Lithium  SLI.V  to produce lithium.
Standard has started preliminary work on development of that
project
    ** TTI shares up about 40% YTD

 (Reporting by Seher Dareen in Bengaluru)
 ((Seher.Dareen@thomsonreuters.com;))