Rain City Resources, Inc. ( (TSE:RAIN) ) has issued an announcement.
Rain City Resources Inc. announced a non-brokered private placement financing to raise up to $500,000 by issuing 6,666,667 shares at $0.075 each. The funds will support operational expenses at their pilot plant in Pennsylvania, third-party analysis, and ongoing project discussions in Chile and Argentina, potentially impacting the company’s operational capabilities and market positioning 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: -6.67%
Average Trading Volume: 150,582
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$4.69M
See more insights into RAIN stock on TipRanks’ Stock Analysis page.