Random Materials

The three random materials needed for Lively concoction and Alchemic precursor are rolled from two different lists: a list of liquids and a list of powders. Roughly half of the recipes will require only liquids, the other half will require one powder. When transmuting, the second material chosen is the catalyst that will be converted into the new liquid.

For a complete list & descriptions of all materials, see:
 * List of all materials

Liquids

 * Water
 * Chilly Water
 * Swamp Water
 * Oil
 * Whiskey
 * Swamp
 * Mud
 * Blood
 * Fungus Blood
 * Worm Blood
 * Toxic Sludge
 * Cement
 * Acid
 * Lava
 * Urine
 * Poison
 * Teleportium
 * Polymorphine
 * Chaotic Polymorphine
 * Berserkium
 * Pheromone
 * Invisiblium

Powders

 * Sand
 * Bone
 * Soil
 * Honey
 * Slime
 * Snow
 * Rotten Meat
 * Wax
 * Gold
 * Silver
 * Copper
 * Brass
 * Diamond
 * Coal
 * Gunpowder
 * Gunpowder Explosive
 * Grass
 * Fungi

Source
The possible ingredients are from this list: https://github.com/SaphireLattice/noita_unicorn/blob/master/Program.cs