American Pacific Borate & Lithium has raised A$3.1 million in a placement at 18c per share, an 11.3% discount to the volume-weighted average price.

Every two new shares will come with a 25c August 2020 option.

The funds will be used to progress the Fort Cady borate project in California.

Goldfields explorer Black Cat Syndicate has secured commitments to raise $2.5 million in a placement to professional and sophisticated investors at 20c per share.

DJ Carmichael was lead manager.

The company will seek shareholder approval to allow directors to subscribe for $185,000.

Gold explorer Calidus Resources will raise $2.16 million via a strategic placement to existing shareholder Alkane Resources at a market premium.

Shares were priced at 2.7c each, a 13% premium, and will lift Alkane's interest to 15.2%.

The funds will be used to complete the Warrawoona prefeasibility study and drill regional targets.

New World Cobalt has launched a non-renounceable two-for-five rights issue at 1c each to raise $2.2 million.

The offer, being conducted at a 33% discount, is fully underwritten by Cygnet Capital.

Proceeds will be used for VMS exploration in the US.

Uranium developer Aura Energy has secured $2 million in funding by way of a convertible note from Lind Global Macro Fund.

The funding will take Aura to a decision to develop the Tiris project in Mauritania.

Pure Alumina is seeking to raise up to $1.25 million via a share purchase plan to fund the acquisition of Polar Sapphire.

The SPP is partially underwritten to $770,000 by Patersons Securities and CPS Capital Group, which will have the right to facilitate a top-up placement of $500,000.

Chile-focused Emu has agreed to place up to 20 million shares at 4.8c each to raise $960,000 for gold exploration.

Every share will come with two free 20c 2021 options.

Sipa Resources major shareholder Ervin Vidor AM has invested a further $819,840 in the company to take his stake to 17.6%.

The placement was conducted at 0.67c per share, a 4.7% discount to the 15-day VWAP.

Junior explorer Alloy Resources has launched an SPP to raise up to $750,000.

Shares will be offered at 0.25c each, below the company's price of 0.3c before the offer was announced.

Aus Tin Mining is also seeking to raise up to $750,000 via an SPP at 1.1c per share.

The funding will assist with the establishment of the stage one project at Taronga in New South Wales.

Gold explorer Alt Resources has entered into a convertible note deed with Patina Resources to raise up to $500,000.

The funding will be used for working capital and exploration.

Inca Minerals has entered into binding agreements to raise $289,500 via two placements.

One placement will be conducted at half a cent each with a free-attaching option, while 14.9 million shares at 0.4c will be placed to shareholder Acuity Capital Investment Management.

Great Southern Mining has placed 3.3 million shares at 3c each to raise $100,000 for drilling in North Queensland.

Finally, Metals Australia has withdrawn its plans to conduct a one-for-three non-renounceable rights issue after receiving feedback from shareholders.