Rain City Resources, Inc. ( (TSE:RAIN) ) has issued an update.
Rain City Resources Inc. has successfully completed its non-brokered private placement, raising a total of $454,450.05 through the issuance of 6,059,334 common shares. The funds will be utilized to support operational expenses at their pilot plant in Pennsylvania and to advance project discussions in Chile and Argentina, positioning the company for future growth in the lithium extraction industry.
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 associated with extracting lithium from brine.
YTD Price Performance: -37.50%
Average Trading Volume: 245,521
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$3.82M
For an in-depth examination of RAIN stock, go to TipRanks’ Stock Analysis page.