Alchemist Completes Acquisition Of Aqueous Resources Llc, A Leader In Industrial Brine Pre-Treatment Solutions And Direct Lithium Extraction

Alchemist Mining Incorporated (the "Company" or "Alchemist") (CSE: AMS) is pleased to announce that, further to its news releases dated June 13, 2023 and July 27, 2023, it has closed (the "Closing") its securities exchange agreement dated June 13, 2023 (the "Securities Exchange Agreement") with Aqueous Resources LLC ("Aqueous"), a private arm's length limited liability company based in Denver, Colorado, USA, pursuant to which the Company acquired all of the outstanding membership interests of Aqueous (collectively, the "Membership Interests") from the holders of the Membership Interests (the "Members"), in exchange for common shares (each, a "Share") in the capital of the Company (the "Transaction"). Upon Closing, Aqueous became a wholly-owned subsidiary of the Company.