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Rain City Resources
(RAIN)
Rain City Resources (RAIN) vs. iShares MSCI Canada ETF (EWC)
Rain City Resources Business Overview & Revenue Model
Rain City Resources Financial Statement Overview
| Breakdown | |||||
| TTM | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | EBIT |
| -501.46K | -787.66K | -70.18K | -152.17K | -301.81K | -138.01K | EBITDA |
| -1.25M | -663.10K | 1.13M | 1.51M | -280.31K | -138.01K | Net Income Common Stockholders |
| -1.36M | -665.70K | -206.37K | -1.82M | -436.86K | -190.19K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 6.22K | 378.74K | 78.33K | 206.04K | 702.41K | 107.73K | Total Assets |
| 112.65K | 1.80M | 107.45K | 231.32K | 1.43M | 324.69K | Total Debt |
| 4.00K | 0.00 | 8.00K | 0.00 | 0.00 | 0.00 | Net Debt |
| -2.22K | -23.88K | 6.20K | -290.00 | -64.33K | -107.73K | Total Liabilities |
| 142.23K | 288.94K | 272.94K | 190.45K | 81.83K | 15.40K | Stockholders Equity |
| -29.58K | 1.51M | -165.49K | 40.88K | 1.35M | 309.30K |
| Cash Flow | Free Cash Flow | ||||
| -756.70K | -418.37K | -34.37K | -46.65K | -779.78K | -130.45K | Operating Cash Flow |
| -756.70K | -418.37K | -34.38K | -46.65K | -269.09K | -108.95K | Investing Cash Flow |
| -971.08K | -971.08K | 12.01K | -17.40K | -896.77K | -21.50K | Financing Cash Flow |
| 1.78M | 1.41M | 23.88K | 0.00 | 1.12M | 233.30K |
Rain City Resources Technical Analysis
Rain City Resources Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | C$5.86M | 11.11 | 40.64% | ― | 58.36% | ― | |
51 Neutral | $2.04B | -1.15 | -21.37% | 3.64% | 2.88% | -30.57% | |
45 Neutral | C$274.35M | ― | -120.17% | ― | ― | -22.62% | |
38 Underperform | C$2.06M | ― | -118.90% | ― | ― | -187.10% | |
36 Underperform | C$57.87M | ― | -65.77% | ― | ― | 6.96% | |
31 Underperform | C$7.44M | ― | -785.02% | ― | ― | 40.00% |
Rain City Resources Corporate Events
Rain City Resources Inc. has announced the commencement of operations at its ACCELi mineral extraction pilot plant in Springfield, Pennsylvania. The plant, operated by Avonlea Lithium Corp., aims to extract lithium and other critical minerals from wastewater brine associated with natural gas production in the Marcellus Shale Formation. This initiative aligns with Rain City’s strategy to establish a domestic supply of lithium in response to increasing tariffs on imported lithium-ion batteries, positioning the company at the forefront of North American lithium extraction and processing.
Spark’s Take on TSE:RAIN Stock
According to Spark, TipRanks’ AI Analyst, TSE:RAIN is a Underperform.
Rain City Resources, Inc. struggles with severe financial issues, including zero revenue and increasing losses. The stock is technically weak, trading below all major moving averages. While recent corporate events show promise in lithium extraction, the lack of current financial performance heavily impacts the overall score.
To see Spark’s full report on TSE:RAIN stock, click here.
EMP Metals Corp. has issued 216,000 common share purchase warrants to Tembo Capital Holdings as part of a loan agreement. This move follows a drawdown of US$1,000,000 from a non-revolving loan facility, which is to be repaid by the end of 2025, potentially impacting EMP Metals’ financial strategy and stakeholder interests.
Spark’s Take on TSE:EMPS Stock
According to Spark, TipRanks’ AI Analyst, TSE:EMPS is a Neutral.
EMP Metals faces significant financial challenges with no current revenue and continuous losses. While its balance sheet is stable, the negative cash flow and reliance on external funding are concerns. Technically, the stock shows a bearish trend. However, recent positive corporate events related to potential lithium production offer a glimmer of hope for future revenue opportunities, slightly lifting the overall outlook.
To see Spark’s full report on TSE:EMPS stock, click here.
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.
EMP Metals Corp., a company involved in the resource sector, has amended its loan agreement with Tembo Capital Holdings to extend the drawdown deadline for a US$3 million loan facility. The amendment allows EMP Metals to access an additional US$1 million until March 14, 2025, with an interest rate of 13.5% per annum. The agreement also includes a provision for drawdown fees payable in common share purchase warrants if the loan is not repaid promptly. Tembo Capital, which holds a significant stake in EMP Metals, may adjust its investment based on various market and company conditions.
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.
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.
Rain City Resources Inc. has announced an agreement with Avonlea Lithium Corporation and Kendra II to deploy their ACCELi Direct Lithium Extraction pilot plant in Pennsylvania. This initiative marks a significant step towards commercializing their technology, with the plant expected to operate by late March/early April 2025, processing brine from the Marcellus Shale formation, potentially positioning Rain City as a leading low-cost lithium extraction company.