Alchemist Appoints Martin Corredera Silvan to Its Advisory Board

Jan 25, 2024

Vancouver, British Columbia--(Newsfile Corp. - June 8, 2023) - Alchemist Mining Incorporated (CSE: AMS) (the "Company" or "Alchemist") is pleased to announce that it has appointed Martín Corredera Silván to its advisory board.

About Martín Corredera Silván

Mr. Silván has over 25 years of international managerial experience in private capital, and financial analysis. Throughout his involvement at several international organizations, he has actively contributed to advancing regional development of the private sector in Latin America and the Caribbean, and Europe, with a strong focus on investing for growth and sustainability. Over the years, Martín has been involved in several advisory and consultative roles at different organizations in the Americas and Europe.

He began his career in public accounting, in Spain and the United States, serving a variety of clients in the technology and telecommunication industries.

Martín holds an Executive MBA from Georgetown University (U.S.), an LL. B. from Universidad Nacional de Educación a Distancia (Spain), and a MSc. in Business Administration from Universidad Complutense (Spain). Mr. Silván also holds a current U.S. CPA license.

Scott Taylor stated, "We are grateful to have Martín as an advisor. Martín has global expertise in finance and private capital markets. His skills and business culture aligns with our focus on offering our pre-treatment and Direct Lithium Extraction ("DLE") processing technology in Argentina, Chile, and the United States."

About Alchemist wholly owned subsidiary LiTHOS Technologies Corp.

LiTHOS, a company continued under the Province of British Columbia, holds a 100% interest in mineral claims spanning an approximate 6,780 acres in a virgin lithium brine basin in Arizona known as the "Cactus Jack" and the "Pac-Man" properties.

LiTHOS invested in AcQUATM – a patented wastewater solutions technology for DLE from continental brine reservoirs enriched with lithium. AcQUATM is a unique modular technology is capable of pre-treatment, selective purification, and concentration of lithium-enriched brines prior to extracting lithium chloride. The unique AcQUATM technology avoids the typical challenges faced by chemically intensive DLE technologies currently in development phase. AcQUATM enables lithium brine resource operators to deploy economically viable and sustainable field-ready extraction solutions that will substantially reduce water consumption by recycling 98.5% of the input brine water, and eliminate the use of evaporation ponds in the pre-treatment and concentration phases of production.

AcQUATM aids mineral resource owners extract multiple aqueous minerals of economic interest: lithium, boron, and sodium carbonate at a substantially lower Capital Expenditure per tonne of LCE production/year.

By eliminating the inefficient, slow, and environmentally harmful pre-treatment evaporation ponds, AcQUATM aids in yielding sustainable lithium production and will help unlock stranded continental brine resources located in the United States. The fundamental DLE technology is a mature, field proven, operational system augmented from produced water management in the energy sector. A fully operational DLE processing facility has been commissioned in Denver, Colorado, USA. LiTHOS is focused on processing continental brines from several strategic resource owners located in the United States, Argentina, and Chile. The Company's mission is to become the trusted standard for economic, environmentally efficient, and sustainable lithium resource development.

ON BEHALF OF THE BOARD

Scott Taylor - CEO

Contact Information

For more information please contact:

Alchemist Mining Incorporated

Email: [email protected]: +1 (604) 908 1679Website: www.alchemistmining.ca

Forward-Looking Statements:

This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian legislation. Forward-looking statements are typically identified by words such as: "believes", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. All statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future including, without limitation, the ability of LiTHOS to achieve a dual path execution strategy, the operations of LiTHOS, AcQUATM's ability to reduce water consumption, and AcQUATM's ability to yield sustainable lithium production and unlock stranded continental brine resources. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that market fundamentals will support the viability of lithium exploration, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future exploration of the property, the availability of the financing required for the Company to carry out its planned future activities, and the availability of and the ability to retain and attract qualified personnel. Other factors may also adversely affect the future results or performance of the Company, including general economic, market or business conditions, future prices of minerals including lithium, changes in the financial markets and in the demand for minerals, including lithium, changes in laws, regulations and policies affecting the mineral exploration industry, as well as the risks and uncertainties which are more fully described in the Company's annual and quarterly management's discussion and analysis and in other filings made by the Company with Canadian securities regulatory authorities under the Company's SEDAR profile. The ongoing COVID-19 pandemic, labour shortages, inflationary pressures, rising interest rates, the global financial climate and the conflict in Ukraine and surrounding regions are some additional factors that are affecting current economic conditions and increasing economic uncertainty, which may impact the Company's operating performance, financial position, and future prospects. Collectively, the potential impacts of this economic environment pose risks that are currently indescribable and immeasurable. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Readers are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly, are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The Company does not undertake any obligation to update such forward‐looking information whether because of new information, future events or otherwise, except as expressly required by applicable law.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/169100

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