Latest updates on NESR’s lithium and Direct Lithium Extraction (DLE) activities (as of late March 2026, drawn from the company’s recent 10-K filing, Q4 2025 earnings call, and internal team communications):Successful 2025 DLE Pilot Completion: NESR’s NEDA (Environmental and Decarbonization Applications) segment successfully completed a first-in-country Direct Lithium Extraction pilot campaign with a key Middle East customer in 2025. This built on the brief mention in the proxy statement and focused on extracting lithium (and other minerals) from produced water/brine streams in the upstream oil & gas sector. NEDA also ran related pilots, including real-time emissions monitoring.
otcmarkets.com
February 17, 2026 Earnings Call (Q4/FY 2025 results): Management confirmed ongoing piloting of lithium and other critical mineral extractions from produced water specifically with Aramco and Ma’aden. They described this as a “major future pillar” for growth via the NEDA platform. The company is taking a low-risk, capital-light approach (technology partnerships + early-stage investments) to prove these technologies for long-term commercial viability. Results from NEDA remain immaterial to current financials but are positioned for multi-year potential as regulations and sustainability drivers evolve in the MENA region.
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Early March 2026 Team Celebration: NESR/NEDA team members (including Qazi Basit Saeed and Adil Alqahtani) publicly celebrated the successful completion of the DLE pilot on LinkedIn, highlighting safety, teamwork, operational excellence, and its role in supporting a “diversified economy.” Comments emphasized it as a key milestone.
Excited to embark on a new journey! Today, we celebrated the success of our DLE pilot towards a diversified economy. Proud to be part of the change! hashtag#NESR hashtag#NEDA hashtag#Mineral hashtag#Lithium
Honored to receive this Certificate of Appreciation from NESR for my contribution to the NEDA DLE project.
This recognition reflects the importance of strong HSE values in achieving operational excellence. I firmly believe that proactive safety practices, teamwork, and continuous awareness are key to delivering results while ensuring everyone returns home safe.
Grateful for the trust and support from my team and management. This motivates me to keep striving for higher standards in safety and performance
IF THERE IS ONE THING I AM SURE ABOUT IS I AM USUALLY WRONG