Graphite hopeful Black Rock Mining has raised A$4.2 million in a heavily oversubscribed raising managed by Foster Stockbroking.

The company upsized the offer by $1.2 million due to demand.

Directors and advisors will seek approval to subscribe for a further $540,000, taking the total amount raised to $4.75 million.

The funds will be used to complete the definitive feasibility study on the Mahenge graphite project.

Reedy Lagoon Corporation has announced a four-for-five non-renounceable pro-rata entitlement offer to raise up to $3.5 million.

The offer is fully underwritten by Patersons Securities.

The proceeds will fund drilling of lithium brine targets in Nevada.

High purity alumina play Hill End Gold has appointed CPS Capital as lead manager for a placement of $3.5 million in two tranches.

Every two new 10c subscribed for will come with a 20c option expiring in July 2020.

Hannans has launched a share purchase plan to raise up to $2.5 million, priced at a 20% discount to the share price at the end of the offer.

Sophisticated investors will be given the opportunity to take up any shortfall, with major shareholder Neometals expressing its willingness to participate.

Arlington Group Asset Management and Euroz Securities have been appointed as joint lead managers to the raise.

Archer Exploration has announced an SPP to raise up to $2.25 million.

The issue price is 7.5c per share, and every two new shares will come with a 7.5c 2019 option.

The funds will be used for graphite, graphene, copper and cobalt activities.

Red Metal has completed a $1.85 million placement at 14c per share.

Veritas Securities acted as lead manager, with the funds to be used for first-pass drilling at the Lawn Hill project.

Andromeda Metals has announced a fully underwritten $1.4 million rights issue at half a cent per share to fund exploration in Queensland and Western Australia.

It follows a recent $600,000 placement.

Uranium developer Aura Energy has raised $1.1 million for working capital.

The company completed the private placement to Australian and UK sophisticated investors at 2c per share.

Arc Exploration has announced a non-renounceable pro-rata rights issue at 51c per share to raise up to $1.07 million.

The funds will be used to fund new project acquisitions or joint ventures, as well as working capital.

Impact Minerals’ major shareholder ABC Beteiligungen AG has invested a further $862,500 in the company.

The placement, to be conducted at 2.3c per share, will require shareholder approval.

FYI Resources is seeking to raise $600,000 through a placement supported by Peloton Capital.

Funds will be used for high purity alumina studies and the company’s potash projects.