Venture Minerals is raising up to $5.5 million to start mining and production at its Riley iron ore project in Tasmania.

The raising will comprise a $4 million placement and $1.5 million underwritten share purchase plan, with shares to be issued at 3.1c each.

Cannacord Genuity is lead manager to the placement.

Cobalt Blue Holdings has received commitments from institutional and professional investors for a $3.75 million placement.

The issue price was 9.5c, a 18.7% discount to the 10-day volume-weighted average price.

The offer was lead managed by Blue Ocean Equities.

The proceeds will be used to advance the Broken Hill project.

US-focused copper explorer New World Resources has raised $3.5 million in a placement at 2.7c per share, a 10% discount to the previous close.

Peloton Capital was lead manager and the company reported bids of more than $9 million.

New World has been hitting high-grade copper at Antler in Arizona and is aiming to define a maiden resource.

Tin play Elementos has raised $2.55 million to advance its Oropesa project in Spain.

BW Equities was lead manager to the placement of 167.9 million shares at 0.55c each, with participants to receive a 0.9c option for every three shares issued.

The company will seek to raise a further $300,000 via an SPP.

Gold explorer Great Western Exploration has received backing from Emerald Resources chairman Simon Lee AO and managing director Morgan Hart in a $2.5 million raising.

The two former Equigold executives cornerstoned Great Western's placement, the proceeds of which will be used to advance the Golden Corridor project.

Adavale Resources has launched a one-for-one renounceable entitlement offer at 1c per share to raise $1.7 million.

The company will use the funds to repay creditors, including outstanding directors' fees, and improving its working capital position.

Dreadnought Resources has raised $1.53 million in a heavily oversubscribed placement at 0.9c per share.

Shaw and Partners acted as lead manager, with the proceeds to be used for drilling at Illaara and Tarraji-Yampi.

The board have also exercised $142,500 worth of options.

Alicanto Minerals has raised $1.42 million at 5.5c each.

The proceeds will be used for exploration in Sweden and Guyana.

Metal Bank has received firm commitments to raise $927,000 and will launch a one-for-six entitlement offer to raise an additional $1.18 million.

The issue price is 0.7c with every two shares to come with a 1.5c option, exercisable by March 2022.

The company will accelerate drilling at the 8 Mile project.

Empire Resources has raised $1.3 million in a placement through Panthea Capital to fund Goldfields exploration.

The 1.2c issue price represented a 14% discount to the last closing price.

Shree Minerals has raised $1.2 million at 0.6c per share, a 7.1% discount to the 10-day VWAP.

Directors will seek approval to subscribe for $300,000 in the placement.

Estrella Resources has received firm commitments to raise $1.05 million via a placement of 150 million shares at 0.7c per share.

Shares will be issued in two tranches, with every share to come with a free 2c option.

The company is planning a separate placement to sophisticated investors on the same terms to raise $350,000, as well as a placement of 200 million options.

Jadar Resources is finalising a $1 million placement at 3c per share, a 15% premium to the 15-day VWAP.

The proceeds will be used for exploration and the acquisition of the Granite Belt mine.

Cape Lambert Resources is planning a placement at 0.17c per share to raise $1 million.

Reedy Lagoon Corporation has launched a one-for-four non-renounceable rights issue to raise $1 million.

The funds will be used for gold and iron ore projects and for working capital.

Freehill Mining has raised $600,000 in a placement to investor Gavin Ross, an existing shareholder.

Avira Resources is aiming to raise $275,000 via a non-renounceable entitlement option offer and $200,000 via an option placement.

CPS Capital Group has been appointed as corporate advisor, broker and lead manager.

Finally, Eastern Iron has reaised $247,140 in a placement to sophisticated and professional investors.