Lithium developer AVZ Minerals has received commitments from Lithium Plus and other investors to raise $3.6 million.

The placement of 80 million shares will be conducted at 4.5c per share with three 6c options issues for every two new shares.

The company is still working to finalise a separate $14.1 million placement to Yibin Tianyi this month.

The exercise of options has raised $3.6 million for NTM Gold.

Major shareholders DGO Gold and Empire Resources, as well as chairman Ted van Heemst and managing director Andrew Muir, all exercised options.

NTM now has $7.5 million cash to advance the Redcliffe gold project in Western Australia.

Zimbabwe lithium developer Prospect Resources has launched a one-for-four non-renounceable rights issue to raise up to $3.1 million.

The issue price of 5c per share is a 50% discount to the last close.

Directors and management will subscribe for $572,000, with the company announcing it will slash costs by 57%.

Western Australian gold explorer Saturn Metals has raised $2.96 million in a placement to sophisticated and professional investors.

Canaccord Genuity was lead manager to the placement of 10.98 million shares at 27c per share.

The raising gives Saturn $4.5 million to progress the Apollo Hill project.

Lucapa Diamond Company has withdrawn its $3.9 million rights issue due to market volatility.

All money will be refunded.

Mithril Resources was required to raise at least $4.9 million as a condition of its acquisition of Sun Minerals, which has now been amended.

The company will now be required to raise at least $1.5 million and will aim for to $2.46 million under an entitlement offer at 0.5c per share, half the price of the previous offer.

Chesser Resources has raised $1.68 million to advance the Diamba Sud gold project in Senegal.

The 4c per share placement was lead managed by Taylor Collison and Bridge Street Capital Partners.

Junior Victorian gold miner AuStar Gold has raised $1.4 million via the issue of convertible notes.

The funds will be used for mine development at Morning Star.

Cohiba Minerals has launched a one-for-two non-renounceable rights issue at 0.4c to raise $1.35 million, with each share to come with a free 1c option.

A proposed share purchase plan, which was postponed last month, has now been withdrawn.

The company is also planning an option offer to raise $214,800.

Great Western Exploration has withdrawn its $1 million entitlement issue after the minimum subscription was not reached and underwriting agreement was terminated.

Commitments of $168,745 will be refunded to shareholders.

Galan Lithium has raised $550,000 in a private placement to continue work in Argentina.

The placement was conducted at 14c per share, a 3.6% discount to the last close, with each share to come with a 25c 2022 option.

Perpetual Resources has received commitments from existing shareholders for a placement at 1.5c to raise $500,000.

Directors plan to subscribe for $220,000 of the placement, subject to shareholder approval.

The company is now funded for the remainder of 2020 as it advances the Beharra silica sands project.

US-focused Alderan Resources has received firm commitments from sophisticated investors to raise $460,484 via a private placement at 1.5c per share.

The second tranche will require shareholder approval.

Fiji explorer Dome Gold Mines has agreed to place 1.2 million shares at 20c to a sophisticated investor to raise $240,000.

Finally, Southern Hemisphere Mining has announced firm commitments to raise $141,704 via a private placement.