Tetra Technologies shares are trading higher following a report suggesting the company struck a deal with Exxon Mobil to develop more than 6,100 lithium-rich acres in Arkansas.
Portfolio Pulse from Benzinga Newsdesk
Tetra Technologies has reportedly struck a deal with Exxon Mobil to develop over 6,100 lithium-rich acres in Arkansas, leading to a rise in Tetra Technologies' shares.
June 29, 2023 | 3:23 pm
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POSITIVE IMPACT
Tetra Technologies' shares are trading higher after the company reportedly struck a deal with Exxon Mobil to develop lithium-rich acres in Arkansas.
The deal with Exxon Mobil to develop lithium-rich land is a significant development for Tetra Technologies. This could potentially increase the company's revenue and profitability, leading to a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Exxon Mobil has reportedly entered into a deal with Tetra Technologies to develop over 6,100 lithium-rich acres in Arkansas.
The partnership with Tetra Technologies allows Exxon Mobil to expand its operations into lithium-rich land development. This could potentially increase Exxon Mobil's diversification and revenue, leading to a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80