Deep diveHealth

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


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Market: TSX-V
Market Cap: $34.88 m

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.

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