Calgary, Alberta–(Newsfile Corp. – October 2, 2025) – Rain City Resources (CSE: RAIN) (“Rain” or the “Company”) announces that is has elected not to make the second payment of US$1.2 million pursuant to its Option Agreement, originally dated June 12, 2024, as amended, between the Company and Avonlea Environmental Technologies Corp. (“Avonlea”), thereby triggering the termination of the same.
Rain is in active discussions with Avonlea about a licensing arrangement granting the Company access to Avonlea’s ACCELi cavitation technology. This alternative arrangement would allow the Company to accelerate a path to commerciality for both Rain and Avonlea; something which was not possible under the terms of the original Option Agreement.
Commenting, Benjamin Hill, CEO of Rain said, “The terminat