An update from Rain City Resources, Inc. ( (TSE:RAIN) ) is now available.
Rain City Resources Inc. has successfully closed the first tranche of its non-brokered private placement, raising $305,700 through the issuance of 4,076,000 common shares. The funds will be used to support operational expenses at their pilot plant in Pennsylvania and further project discussions in Chile and Argentina. This financing marks a significant step in advancing their ACCELi Direct Lithium Extract technology, which is being tested at the Kendra II Springville brine transfer site in Pennsylvania.
More about Rain City Resources, Inc.
Rain City Resources Inc. is an integrated lithium technology and project development company focused on addressing the environmental, social, and economic challenges of extracting lithium from brine.
YTD Price Performance: -25.00%
Average Trading Volume: 177,901
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$4.59M
Find detailed analytics on RAIN stock on TipRanks’ Stock Analysis page.