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NESR, Aramco sign deal for lithium project in Saudi Arabia
Seeking Alpha ·
Seeking Alpha reports: National Energy Services Reunited rose 2.8% pre-market Thursday after saying it signed a five-year contract valued at as much as ~$200M to execute Saudi Arabia's first lithium project. The company said the project will use its pre-treatment, direct lithium extraction, and carbonation technology portfolio alongside Saudi Aramco's ( ARMCO ) subsurface expertise. The project aims to produce 2K tons/year of battery-grade lithium carbonate, with commissioning and start of…