TETRA Technologies Forms Joint Venture with Magrathea to Strengthen U.S. Magnesium Supply Chain
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 02 2025
0mins
Source: PRnewswire
- Joint Venture Formation: TETRA Technologies has signed a term sheet with Magrathea Metals to establish a joint venture aimed at rebuilding the U.S. magnesium metal defense industrial base, marking a significant step in the company's ONE TETRA 2030 strategy.
- Production Capacity Enhancement: TETRA's Evergreen Project in Arkansas is projected to produce 75 million lbs. of bromine annually, with operations expected to commence by the end of 2027, while also planning to monetize critical minerals like magnesium and lithium, thereby enhancing market competitiveness.
- Technological Innovation: The partnership will integrate Magrathea's electrolytic magnesium technology with TETRA's operational expertise, facilitating the clean and high-quality domestic manufacturing of magnesium to support U.S. critical mineral supply security.
- Government Support: Magrathea has secured Defense Production Act Title III funding to advance its commercial phase, indicating strong governmental backing for the project and potential for further support in future endeavors.
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Analyst Views on TTI
Wall Street analysts forecast TTI stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TTI is 11.50 USD with a low forecast of 10.00 USD and a high forecast of 13.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 11.560
Low
10.00
Averages
11.50
High
13.00
Current: 11.560
Low
10.00
Averages
11.50
High
13.00
About TTI
TETRA Technologies, Inc. is an energy services and solutions company focused on developing environmentally conscious services and solutions. Its portfolio consists of energy services, industrial chemicals, and lithium ventures. The Company’s segments include Completion Fluids & Products Division and Water & Flowback Services Division. The Completion Fluids & Products Division manufactures and markets clear brine fluids (CBFs), additives, and associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations in the United States and in certain countries in Latin America, Europe, Asia, the Middle East, and Africa. The Water & Flowback Services Division provides a variety of water management services that support hydraulic fracturing in unconventional well completions for domestic onshore oil and gas operators. These services include fresh and produced water analysis, treatment, and recycling, blending and distribution, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Investment Strategy Shift: Following the stake reduction in TETRA, Pullen continues to allocate funds into lower-risk index funds, demonstrating a focus on risk management amid cyclical fluctuations in the energy sector.
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