Graphite producer Bass Metals has announced a $2.85 million raising to advance its activities in Madagascar.

The raising comprises a $1 million placement, a commitment for a $1.35 million conditional placement, and a $500,000 share purchase plan.

The issue, lead managed by Morgans and Bizzell Capital Partners, was priced at 0.25c per share, a 37.5% discount to the last closing price.

Brazil-focused Aguia Resources has launched a two-for-nine renounceable rights issue to raise up to $2.5 million.

The issue is priced at 5c per share, a 26% discount to the previous price, with every share to come with a free 10c, three-year option.

The proceeds will be used to advance the Tres Estradas phosphate project.

Utah-focused Alderan Resources is raising $2.1 million via a placement and issue of convertible notes.

The $900,000 placement is being conducted at 5c per share, a 16.6% discount to the previous close.

The convertible notes have a face value of $1.21 million and will convert to shares at 5c.

Ora Gold has raised $1 million in a placement to sophisticated and professional investors at 1.4c per share.

The company will seek to raise a further $1 million via an SPP at the same price for drilling at its WA gold projects.

Nickel explorer Auroch Minerals has received firm commitments to raise $2 million for drilling at the Saints and Leinster projects in Western Australia.

Every two 5.5c placement shares will come with a 10c option, expiring in November 2021.

Merchant Capital Partners and Veritas Securities acted as joint lead managers.

New South Wales explorer Helix Resources is raising up to $2.1 million for drilling.

The raising comprises a $300,000 placement and a $1.8 million one-for-two entitlement offer, both priced at 0.7c per share.

Vanadium developer Technology Metals Australia is raising $2.04 million at 15c per share, which will be cornerstoned by shareholder Tinci Materials.

Every two shares will come with a 25c option, exercisable by June 2022.

Iron ore developer Strike Resources has raised $1.8 million in an oversubscribed placement conducted at 4.5c per share.

Canaccord Genuity acted as lead manager.

The funds will be used to advance the Paulsens East project.

Magnis Energy Technologies has raised $1.5 million in a placement at 7.5c per share.

The company is advancing battery facilities in New York and Townsville, as well as the Nachu graphite project in Tanzania.

Xantippe Resources has raised $1.25 million in a heavily oversubscribed placement lead managed by Hartleys.

The funds will be used to drill the Southern Cross gold project in WA.

Directors will subscribe for an additional $100,000, subject to shareholder approval.

PGM explorer Podium Minerals is seeking to raise $1 million via a $500,000 placement and $500,000 SPP.

Canaccord Genuity managed the placement, which was conducted at 1.6c per share, a 38% discount to the last closing price.

Strategic Energy Resources has received firm commitments to raise $807,500 via a placement at 0.34c per share, lead managed by 180 Markets.

The funds will be used for drilling at the Saxby and Billa Kalina projects.

The company is proposing a separate placement to directors at the same price.

South Africa-focused West Wits Mining has completed a placement to clients of Shaw and Partners and Foster Stockbroking to raise $650,000 and will launch an SPP to raise a further $150,000.

The issue price for both offers is 1c per share, with funds raised to be used to advance the Witwatersrand Basin gold project.

Freehill Mining has raised $700,000 via the issue of 14 million shares at 5c per share to existing shareholder Gavin Ross and associates.

Finally, Gladiator Resources has raised $150,000 in a placement to fund drilling at the Marymia gold project.