Agreements reached under this partnership
Business alliance- 1
The Company has acquired the right to extract and commercialize iodine from oilfield brine held by Select.
These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.
Approximately 3,000 MT per year (2030)
At this time, the Company considers the impact of entering into this contract on its financial results to be immaterial.
| Item | Details |
|---|---|
| Name of alliance partner | Select Water Solutions, Inc. |
| Alliance partner's business activities | Provision of water management and chemical solutions for the energy industry |
| Alliance partner's location | Gainesville, Texas, USA |
| Alliance partner's capital | $2,540 million |
| Alliance partner's net sales | $1,407 million (year ended December 2025) |
| Alliance partner's operating income | $28 million (year ended December 2025) |
| Type of alliance | Business alliance |
| Details of the alliance | The Company has acquired the right to extract and commercialize iodine from oilfield brine held by Select. |
| Contract Period | Initial term of 10 years (extendable to a maximum of 20 years at the Company's option) |
| Numerical targets under the alliance | Approximately 3,000 MT per year (2030) |
| Date of board resolution | 23 June 2026 |
| Contract Date | 25 June 2026 (local time) |
| Impact on Business Performance | At this time, the Company considers the impact of entering into this contract on its financial results to be immaterial. |
Items this document does not state (10)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To prepare for future growth in iodine demand and other developments by leveraging oilfield brine resources available through Select's extensive network and establishing a new source of iodine supply in the United States.