Tetra Technologies (TTI) announced that it has signed a term sheet outlining key parameters to form a joint venture with Magrathea Metals to rebuild America’s magnesium metal defense industrial base at Tetra’s Evergreen Project in Southwest Arkansas. Tetra is building a bromine production facility near Stamps, Arkansas, called the Evergreen Project. The plant is projected to produce 75M pounds of bromine annually and plans to begin operations by the end of 2027. Besides bromine, Tetra also plans to produce and monetize several critical minerals from the brine, including lithium and magnesium. Magrathea and Tetra are actively exploring ways to incorporate Magrathea’s electrolytic magnesium technology into the brownfield site.
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