Sign up USA
Proactive Investors - Run By Investors For Investors
Why invest in RIR?
Rainmaker Resources: THE INVESTMENT CASE

Rainmaker Resources is a value play in lithium

Rainmaker Resources may have been conspicuous by its absence from news feeds for a few months and its shares may be towards the bottom of its historical range, but investments are made of far more than that
Rainmaker Resources is a value play in lithium
INVESTMENT OVERVIEW: RIR The Big Picture
Expect more focus on Rainmaker in the year ahead

Rainmaker Resources (CVE:RIR) may have been conspicuous by its absence from news feeds for a few months and its shares may be towards the bottom of its historical range, but as many savvy investors will tell you, investments are made of far more than that.

Perhaps the best plays are the ones who are under the radar and go about building without too much fanfare, reporting back to investors when it has a lot to say. Rainmaker fits that category and its practice has been to deliver big news when it has something it wants to say.

The Vancouver-based company has been trading since 2003 and although at C$0.08 its shares are far from its peak in 2007 at $24.06 in November 2006, the company has been working to only last September it was branded “the cheapest lithium play around” for quietly assembling nearly 5,000 acres of contiguous claims in mining-friendly Nevada’s premier lithium region.

The timing could not be better, either, as Lithium is becoming the resource of choice and prices rising.

READ: Rainmaker Resources could just be the cheapest lithium play around

WATCH - Rainmaker Resources has an early stage project in hot commodity lithium

In September it raised C$156,000 in a financing deal that will allow it to progress with its Sarcobatus Flat project in Nevada, and moved it up towards a maiden technical report. That report landed at break-neck speed in November and on the day of publication, its shares jumped by more than one-fifth.

The report concluded that the property has the exploration potential to host lithium brine resources in the range of 113,500 to 384,000 short tons of lithium carbonate.

The report added that in the low range lithium carbonate was in the region of 227mln pounds and in the high range 768mln.

Shares have waterplaned at around C$0.08 six mid-2016.

So while other Lithium investments get pricey, with further progress reports from Rainmaker and continued prices gains by Lithium expect to see Rainmaker back in the headlines, whether it likes it or not and for all the positive reasons.



Register here to be notified of future RIR Company articles
View full RIR profile

Rainmaker Resources Timeline

Related Articles

picture of zinc ore
November 21 2016
Ferrum’s 2016’s focus has been an option deal with firm GoldQuest Iberica, which owns interests in the Toral and Lago lead-zinc exploration projects
shutterstock_170216471_5853066523bb2.jpg
December 15 2016
MGX Minerals Inc shares climbed by 2.4% to C$0.42 on Thursday after the company declared that its acquisition of 11 additional metallic and industrial minerals permits makes the company the largest lithium brine land holder in Canada
elk-petroleum_brad-lingo-757.jpg
February 02 2017
Brad Lingo discussed with investors ELK's assets in the U.S.
Copyright © Proactiveinvestors.com, 2017. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use