First 1,000 – Tonne Facility Slated for Commissioning by December 2026
Select Water Solutions and LibertyStream Infrastructure Partners Announce Definitive Agreement to Build Out Commercial Lithium Carbonate Production Units in Texas
First 1,000-Tonne Facility Slated for Commissioning by December 2026
- Planned three-stage deployment of commercial lithium carbonate production facilities funded, designed, constructed, and operated by LibertyStream. The initial facility will have a nameplate capacity of 1,000 tonnes of lithium carbonate per year.
- The facilities will utilize Select’s water treatment expertise and existing pipeline infrastructure to source, transport, manage, and pre-treat produced water streams essential to the extraction process. In return, Select will receive a royalty on lithium carbonate production.
- The first commercial lithium carbonate facility will be developed at Select’s operating site in Howard County, north of Midland, Texas, establishing the anchor installation for the companies’ broader Midland Basin rollout.
Gainesville, TX and Dallas, TX – February 9, 2026 – Select Water Solutions Inc. (“Select”) (NYSE: WTTR) and LibertyStream Infrastructure Partners Inc. (“LibertyStream”) (TSXV: LIB | OTCQB: VLTLF | FSE: I2D) announced that the companies have entered into a definitive agreement to deploy commercial lithium carbonate production facilities (“Carbonate Facilities”) at Select’s water treatment and recycling sites (“Select Facilities”) in the Midland Basin, Texas.
The agreement outlines a three-stage development program, with the initial phase (“Stage 1 Carbonate Facility”) scheduled for commissioning by the end of December 2026. The Stage 1 facility will have a production capacity of up to 1,000 tonnes of lithium carbonate per year for sale to U.S. customers and will be located at an existing Select Facility in Howard County, Texas.
Select’s Chairman of the Board, President and CEO John Schmitz commented: “This project leverages Select’s market-leading infrastructure network while unlocking the resource value inherent in the large volumes of produced water that move through it each day. By integrating lithium extraction into our existing water platform, we are creating meaningful incremental value from assets already in place. This is precisely the type of multiuse infrastructure initiative that supports our long-term growth strategy and enhances the durability of our profitability.” “We have made tremendous progress scaling our lithium extraction and carbonate refining processes in the Permian Basin over the past 18 months,” said Alex Wylie, President & CEO of LibertyStream. “We have been preparing for commercial production throughout the past year, and we are excited to partner with Select—an organization with the experience, infrastructure, and operational reach needed to unlock the vast lithium resource contained in Permian Basin oilfield brines.”
Select and LibertyStream Agreement
Site preparation for the Stage 1 Carbonate Facility is scheduled to begin in March 2026, with full site construction commencing in the latter half of the second quarter of 2026. Upon commissioning in December 2026, the Stage 1 Carbonate Facility will be capable of producing up to 1,000 tonnes per annum of battery-grade lithium carbonate from the Select Facility in Howard County, Texas.
As part of Stage 2, LibertyStream will commission a second Carbonate Facility on or before June 2027, designed to process up to 1,000 tonnes per annum of battery-grade lithium carbonate. As part of Stage 3, beginning in July 2027, LibertyStream will commission at least two additional Carbonate Facilities at existing Select Facilities across Howard, Martin, Midland, Upton, and Glasscock Counties, Texas. Select’s water recycling and pre-treatment capabilities will play a critical role in LibertyStream’s lithium extraction process. By removing a major pre-treatment step required for direct lithium extraction, Select’s systems reduce both capital and operating costs across LibertyStream’s Carbonate Facilities. This project reflects Select’s strategy to unlock new value streams from its existing water infrastructure—transforming oil and gas waste streams into shareholder value and enhancing returns on invested capital. By increasing the utility of its pipeline network, disposal wells, treatment systems, and monitoring infrastructure, Select is advancing its broader capital strategy: maximizing returns from its asset base by layering on incremental, high-margin revenue streams supported by fixed offtake and pricing agreements.
About Select Water Solutions, Inc.
Select is a leading provider of sustainable water and chemical solutions to the energy industry. These solutions are supported by the Company’s critical water infrastructure assets, chemical manufacturing, and water treatment and recycling capabilities. As a leader in sustainable water and chemical solutions, Select places the utmost importance on safe, environmentally responsible management of water throughout the lifecycle of a well. Additionally, Select believes that responsibly managing water resources throughout its operations to help conserve and protect the environment is paramount to the Company’s continued success. For more information, please visit https://www.selectwater.com.
Select Water Solutions
Contact Information
For Investor Relations inquiries or further information, please contact:
Garrett Williams
VP – Corporate Finance & Investor Relations
(713) 296-1010
IR@selectwater.com
Dennard Lascar Investor Relations
Ken Dennard / Natalie Hairston
(713) 529-6600
WTTR@dennardlascar.com
About LibertyStream Infrastructure Partners
LibertyStream is a lithium development and technology company aiming to be one of North America’s first commercial producers of lithium carbonate from oilfield brine. Our strategy is to generate value for shareholders by leveraging management’s hydrocarbon experience to deploy our proprietary direct lithium extraction (DLE) technology directly into existing oil and gas infrastructure, thereby reducing capital costs, lowering risks, and supporting the world’s clean energy transition. We are committed to operating efficiently and with transparency across all areas of the business, staying sharply focused on creating long-term, sustainable shareholder value. Investors and other interested parties may sign up for updates about the Company’s continued progress at https://www.LibertyStream.com.
LibertyStream Contact Information
For Investor Relations inquiries or further information, please contact:
Alex Wylie
President & CEO
(972) 626-1645
info@libertystream.com
Bill McClain
Investor Relations
(604) 773-9423
info@libertystream.com
Forward-Looking Information
This news release includes certain “forward-looking statements” and “forward-looking information” within the meaning of applicable Canadian securities laws (collectively referred to herein as “forward-looking information”). All statements in this news release other than statements of historical facts are forward-looking information and reflect our current expectations regarding future results.
We have attempted to identify forward-looking information by using words such as “could,” “believe,” “anticipate,” “expect,” “intend,” “project,” “will,” “estimates,” “preliminary,” “forecast,” and other similar expressions.
Examples of forward-looking information include, but are not limited to: expectations regarding plans, business strategies, objectives, and growth of both Select and LibertyStream; projected future operational performance; LibertyStream’s expectations to utilize its DLE technology to produce lithium carbonate on a commercial basis; the design, construction, and operation of lithium extraction facilities with a capacity of 1,000 tonnes of battery-grade lithium carbonate per year; the use of Select’s water treatment expertise and infrastructure to support extraction operations; expansion plans across Texas and North Dakota; scalability of LibertyStream’s refining unit and DLE technology; permitting and licensing expectations; commissioning timelines for Stage 1, Stage 2, and Stage 3 Carbonate Facilities; availability of equipment and materials; ability to secure customers and long-term commercial contracts; anticipated processing capacity; near-term operational strategy; initiation of offtake discussions; timing of full-scale operations; sales into the spot market; use of proceeds from grants and warrant exercises; and anticipated capital cost reductions and clean energy benefits associated with LibertyStream’s proprietary DLE technology.
Forward-looking information is subject to known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied herein. Readers are cautioned not to place undue reliance on forward-looking statements.
With respect to the forward-looking information contained in this news release, LibertyStream and Select have made numerous assumptions. While each company considers these assumptions to be reasonable, they are inherently subject to significant uncertainties and contingencies and may prove to be incorrect.
There are known and unknown risk factors that could cause LibertyStream’s and Select’s actual results, performance, or achievements to differ materially from any future results, performance, or achievements expressed or implied by the forward-looking information contained herein. These risks include, but are not limited to: the possibility that production estimates for the Carbonate Facilities and Refining Unit may be incorrect; delays or failure to commence extraction or launch full-scale operations; the inability to secure appropriate partnerships, customers, or offtake agreements on acceptable terms or at all; failure to achieve commercial-scale operations within anticipated timelines or at all; challenges in scaling the Refining Unit and related DLE technology on a commercial basis; and the risk that LibertyStream’s anticipated near-term strategy may not be executed as currently planned.
Additional risk factors are outlined in LibertyStream’s Annual Information Form for the year ended December 31, 2024, its Management’s Discussion and Analysis for the three and nine months ended September 30, 2025, and in Select’s most recent Annual Report on Form 10-K and other filings with the SEC.
Although LibertyStream and Select believe that the expectations reflected in the forward-looking information are reasonable, neither company can provide assurance that such expectations will prove correct. Forward-looking information is not a guarantee of future performance or events and is subject to risks and uncertainties that could cause actual results, events, or financial positions to differ materially from those expressed or implied.
These risks and uncertainties include, among others: the ability of Select to successfully integrate LibertyStream’s DLE technology and operations and realize anticipated synergies and cost savings; the impact of the partnership on relationships with employees, suppliers, customers, competitors, and creditors; global macroeconomic uncertainty, including the Russia-Ukraine war and related sanctions; conflict in the Israel-Gaza region and hostilities in the Middle East; supply chain constraints affecting raw materials and critical components; the ability to integrate DLE technology with Select’s operations as anticipated or at all; central bank policy actions, including sustained elevated interest rates; disruptions in banking and capital markets; changing U.S. and foreign trade policies, tariffs, and related countermeasures; capital spending levels and access to capital markets in the oil and gas sector; volatility in oil, gas, and lithium prices; regulatory and governmental actions related to hydraulic fracturing, water access and disposal, pipeline construction, carbon pricing, emissions, taxation, permitting, and drilling on federal lands; advances in well-completion technologies that may reduce demand for services; and broader global political and economic conditions, including inflation and potential recession.
All forward-looking information contained herein is expressly qualified in its entirety by this cautionary statement. LibertyStream and Select disclaim any obligation to revise or update any forward-looking information to reflect future results, events, or developments, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
