Two pieces of a puzzle fitting together with image of two people shaking hands in background
  • Alchemist Mining (CSE:AMS) has closed its acquisition of Aqueous Resources
  • Aqueous owns a patent-pending technology for an electro-pressure membrane process and method for recovery and concentration of lithium chloride from aqueous sources
  • Upon closing of the transaction, Aqueous will become a wholly owned subsidiary of the company
  • Shares of Alchemist Mining are up 8.62 per cent to C$0.63 as of 10:55 a.m. ET

Alchemist Mining (CSE:AMS) has officially closed its acquisition of Aqueous Resources, a private, arm’s-length liability company from Denver, Colorado.

In a news release, the company said it has now acquired all of the outstanding membership interests of Aqueous in exchange for common shares in the capital of Alchemist Mining.

Now that the acquisition has been completed, Aqueous becomes a wholly owned subsidiary of the company.

Aqueous Resources owns its patent-pending technology for an electro-pressure membrane process and method for recovery and concentration of lithium chloride from aqueous sources.

It has built a pilot system for pre-treating, concentrating and processing lithium-enriched continental brines using its process in a laboratory in Denver.

Alchemist Mining is a Vancouver-based company operating through its various subsidiaries, including Iron Forge Holdings, LiTHOS Technologies and now Aqueous Resources.

Shares of Alchemist Mining are up 8.62 per cent to C$0.63 as of 10:55 a.m. ET.

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