TETRA Technologies to Establish Joint Venture with Magrathea Metals
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 02 2025
0mins
Source: NASDAQ.COM
Joint Venture Announcement: TETRA Technologies, Inc. has signed a term sheet to form a joint venture with Magrathea Metals, Inc. to combine their technologies and resources for magnesium production in Southwest Arkansas.
Evergreen Project Goals: The partnership aims to rebuild the U.S. magnesium metal defense industrial base at the Evergreen Project, which will include a bromine production facility expected to produce 75 million lbs. annually by late 2027.
Critical Minerals Extraction: TETRA plans to extract additional critical minerals, such as lithium and magnesium, from the same brine resource used in the Evergreen Project.
Support from Defense Production Act: Magrathea has received funding from the Department of War under the Defense Production Act to support the initial deployment phase of the Evergreen Project, aligning with TETRA's ONE TETRA 2030 strategy for secure domestic mineral supplies.
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Analyst Views on TTI
Wall Street analysts forecast TTI stock price to rise 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: 11.390
Low
10.00
Averages
11.50
High
13.00
Current: 11.390
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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