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Published: November 9, 2026 |
LibertyStream has it entered into a non-binding term sheet with Goodnight Midstream. The term sheet establishes a proposed framework for LibertyStream to deploy its proprietary direct lithium extraction (DLE) and refining systems within Goodnight’s Bakken produced water infrastructure, beginning with Independence 1, the company’s proposed first commercial lithium carbonate facility in North Dakota.
The proposed arrangement builds on the commercial model LibertyStream established in the Permian Basin: the midstream partner sources, transports, and manages the produced water, while LibertyStream funds, designs, constructs, and operates the lithium facilities.
Signing the Goodnight term sheet advances the company’s planned expansion into a second major U.S. produced water basin, building on its existing relationship with Select Water Solutions in Texas.
GOODNIGHT MIDSTREAM TERM SHEET
Under the term sheet, subject to the execution of definitive agreements, Goodnight would grant LibertyStream the exclusive right to process produced water at Goodnight’s Bakken facilities to recover lithium and other critical minerals. LibertyStream would receive produced water at agreed delivery points, process it at its facilities and return treated water to Goodnight within agreed specifications. LibertyStream would fund, design, construct, own, and operate each facility, and Goodnight would have no capital or operating cost obligation.
In return, Goodnight would receive a revenue share on lithium carbonate produced and sold from each facility. The term sheet also contemplates a royalty on other products, such as other critical minerals, produced and sold from the facilities, at rates to be agreed. The term sheet contemplates that the initial facility may be followed by up to three additional facilities of similar scale at mutually agreed Goodnight locations.
INDEPENDENCE 1 AND THE NORTH DAKOTA PLATFORM
Independence 1 would be LibertyStream’s first commercial lithium carbonate facility in North Dakota and is designed to produce approximately 500 tonnes per year of battery grade lithium carbonate at a Goodnight site, with production targeted to begin in the third quarter of 2027. Independence 1 supports LibertyStream’s strategy to establish a domestic lithium supply chain in North Dakota, including supply to Packet Digital, a Fargo-based battery manufacturer, under the memorandum of understanding signed between the companies in November 2025.
Independence 1 is the first of a planned series of Independence Facilities across Goodnight’s Bakken system. Each facility will use the same modular DLE and refining template LibertyStream is deploying with Select in Howard County, Texas, allowing the company to replicate engineering, procurement and operations from one site to the next.
STATE OF NORTH DAKOTA FUNDING SUPPORT
LibertyStream is developing its North Dakota activities with Wellspring Hydro, a North Dakota company that has worked on produced water and lithium development in the state since 2021. Wellspring has been awarded $2.2 million in grants and $2.5 million in loans from the North Dakota Industrial Commission’s Clean Sustainable Energy Authority (CSEA) which may be utilized by LibertyStream via Wellspring in connection with the project. LibertyStream is also working with the state of North Dakota on project financing options for up to 50 percent of facility costs for Independence 1 and future Independence Facilities.
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. Their strategy is to generate value for shareholders by leveraging management’s hydrocarbon experience to deploy their proprietary DLE technology directly into existing oil and gas infrastructure, thereby reducing capital costs, lowering risks, and supporting the world’s clean energy transition. They are committed to operating efficiently and with transparency across all areas of the business staying sharply focused on creating long-term, sustainable shareholder value.
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