Exxon acquired it earlier this year when it bought a neighboring Arkansas parcel of 100,000 acres from Galvanic Energy.
Galvanic remains an independent, privately held company and is not affiliated with Tetra or Exxon.
By partnering with Exxon, Tetra gains a large partner with capital to help it produce bromine, which is used in flame retardants, from the acreage.
Exxon, meanwhile, gains access to yet another U.S. supply of lithium as the country rapidly expands its EV supply chain.
Tetra had previously agreed to lease more than 27,000 acres in Arkansas to Standard Lithium (SLI.V) to produce lithium.
Persons:
Tetra, Ernest Scheyder, Chris Reese
Organizations:
Exxon Mobil, Tetra Technologies Inc, Exxon, Energy, Tetra, Representatives, Eos Energy Enterprises, Arkansas, Reuters, Battery Metals, EnergySource Minerals, Thomson
Locations:
Arkansas, Tetra