Suspended uranium explorer Aura Energy hopes to secure $5.9 million in funding via a rights issue and loyalty rights issue.

Both offers are underwritten by KTM Capital.

The one-for-two rights issue is priced at 2.6c per share, while the loyalty issue is pried at 1.3c, with options having an exercise price of 5.2c by the end of June 2024.

As part of a recapitalisation, gold explorer Cervantes Corporation is seeking to raise up to $3.36 million.

The company will seek $804,012 via a one-for-two rights issue, $2.25 million through a placement, and $312,500 through an option placement.

Placement shares will be issued at 0.3c each, and will come with a one-for-two free-attaching 1c option.

Westar Capital has been appointed as lead manager and underwriter.

Victorian gold explorer Nagambie Resources has raised $2.6 million via the issue of convertible notes.

The five-year notes carry a 10% per annum interest rate and have a face value of 10c each.

The issue price was a 23.5% premium to Nagambie's last closing price.

Toro Energy has used its controlled placement agreement with Acuity Capital to raise $2.12 million.

The controlled placement agreement has now been terminated.

Vanadium Resources has raised $2 million at 4.8c per share, which is equal to the last traded price.

Kaai Capital was sole lead manager.

The funds will be used for the acquisition of processing technology and the Steelpoortdrift vanadium project.

Aldoro Resources' new technical consultant Dr Minlu Fu and his associates have agreed to subscribe for $2 million worth of shares in the company at 20c per share.

Fu will join the Pioneer Development Fund and the Narndee project vendors as Aldoro's largest shareholders.

Mount Ridley Mines has received firm commitments for a placement to raise $858,803 for the Weld Range West iron ore project.

RM Capital was lead manager.

Finally, Golden Mile Resources has announced an issue of options to recognise the support of shareholders, though the issue will also raise $115,848.