Rain City Resources Inc. Stock Analysis RAIN.CN

Rain City Resources, Inc. engages in the acquisition and exploration of mineral properties. The company is headquartered in Vancouver, British Columbia. The company went IPO on 2019-04-26. The Company’s principal business activities include commercial development of its proprietary Advanced Chemical and Cavitation Extraction technology, ACCELi, a direct lithium extraction technology. The ACCELi process recovers lithium from brine through a process known as cavitation, creating chemical reactions that target lithium ions, bringing them out of solution into a high-purity, powdered product. Products generated through the ACCELi process include magnesium hydroxide, calcium carbonate and lithium phosphate, which can be easily converted to lithium carbonate. All products are marketable and treated brine is cycled back into the reservoir.