TETRA Technologies enters MOU with Saltwerx for Arkansas brine unit to develop bromine, lithium

TETRA TECHNOLOGIES INC

MOU covers ~6,138-acre Smackover Formation brine unit in S.W. Arkansas.
Binding provisions include filing amended unit application with AOGC and Saltwerx support letter.
Post-approval terms: ownership allocations, acreage transfer, reimbursement of past costs, and cost-sharing for test well, FEED studies.
Saltwerx options to increase lithium ownership stake after unit approval and after final investment decision.
MOU mostly non-binding; definitive agreements not assured.

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