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LiTHOS will acquire an innovative technology company in the field of image processing

Alchemist Mining (TSE:LITS) has released an update.

LiTHOS Group Ltd. has announced its intention to acquire 1481450 BC Ltd. which will include the acquisition of Reservoir Imaging Solutions LLC, a holder of the TiERRA™ microseismic imaging technology. This advanced technology will enhance the offering of LiTHOS to the lithium market, with potential applications in geothermal energy and carbon capture. The transaction is expected to close on July 31, 2024, pending due diligence and definitive agreements, with the financial benefits of RIS’s innovative services already reflected in their recent revenue growth.

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