From Yahoo Finance: 2025-06-28 04:16:00

Halliburton (NYSE: HAL) secures contract with GeoFrame Energy for lithium extraction/geothermal project in East Texas. Plans for demonstration wells in Smackover Formation starting late 2025. Project aims to produce 83,500 metric tons of battery-grade lithium carbonate annually to meet US demand and reduce reliance on foreign supply chains.

Halliburton to lead design, construction, and operation of demonstration wells in sustainable mining project. GeoFrame Energy plans to use geothermal brine for zero-emission electricity. Company is known for green lithium carbonate and geothermal energy production.

Halliburton provides energy industry products globally. GeoFrame Energy specializes in green lithium carbonate and geothermal energy. Explore potential investments in HAL and other AI stocks with greater upside potential and less downside risk. Consider opportunities in AI stocks benefiting from current economic trends.

For more investment insights, check out reports on stocks expected to double in 3 years and hidden AI stocks to consider. Disclosure: None. Original article published on Insider Monkey website.

Read more: Halliburton to Design Lithium, Geothermal Wells for GeoFrame Energy in East Texas