Rain City Resources, Inc. (TSE:RAIN) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Rain City Resources Inc. has successfully completed the second tranche of its private placement, raising $105,825 through the issuance of 1,411,000 new common shares. Additionally, the company has achieved a 7.5% earn-in into Avonlea Lithium Corporation, with plans to use the proceeds for the construction and field testing of a containerized pilot plant. CEO Benjamin Hill expressed optimism about the company’s progress and upcoming initiatives in North America and Latin America.
For further insights into TSE:RAIN stock, check out TipRanks’ Stock Analysis page.