Tungsten producer EQ Resources has received commitments for a placement to raise A$4.56 million, including a free unlisted one-for-four option.

 

The company said two funds with integrated ESG investment policies participated in the raising.

 

The proceeds will be used for the expansion of the Mt Carbine project.

 

Gold explorer Alto Metals is raising up to $4 million via a placement and share purchase plan.

 

Major shareholders and directors will contribute $650,000 to a $3 million placement with shareholders given the chance to participate in a $1 million SPP.

 

Taylor Collison was lead manager to the 6.5c per share placement.

 

Classic Minerals' recently announced rights issue has closed heavily oversubscribed.

 

The offer was oversubscribed by 30%, raising $3.6 million.

 

Bell Potter Securities has managed a $3.5 million placement priced at 2.8c for Taruga Minerals to fund its copper and rare earth elements exploration programs in South Australia.

 

Taruga's directors will seek permission to subscribe for $225,000.

 

American West Metals has received firm commitments from institutional and sophisticated investors to raise $3.4 million in a placement managed by Canaccord Genuity and RM Corporate Finance.

 

New shares will be issued at 12.5c each and includes a one-for-two option.

 

Cash raised will be used for exploration at the company's US copper projects.

 

Base metals explorer Todd River Resources has launched a placement and SPP to raise up to $3.2 million at 1.8c per share. 

 

The company has received commitments for a two-tranche placement to raise $930,000 and will launch an SPP to raise up to $2.25 million.

 

Peak Asset Management was the lead manager. 

 

Mt Monger Resources has launched a three-for-seven non-renounceable entitlement offer to raise $1.95 million at 10c per share.

 

The offer is underwritten by Lazarus Corporate Finance.

 

Albion Resources is raising up to $1.49 million for exploration and evaluation of new opportunities.

 

The company has received commitments for a $462,000 placement and will seek to raise up to $1.03 million via a one-for-three non-renounceable entitlement offer.

 

CPS Capital Group acted as lead manager while an entity associated with director Steve Formica will underwrite the offer to $602,700.

 

New Talisman Gold Mines has deferred its previously announced NZ$1 million placement. 

 

The company is in the budget process and will wait until it has full costings.

 

Graphite producer Volt Resources has placed $784,000 worth of shares and options to chairman Asimwe Kabunga. 

 

Gold explorer Brightstar Resources has raised $660,000 in an oversubscribed placement at 1.5c per share.

 

The proceeds will be used for drilling at Cork Tree Well.

 

International Prospect Ventures is raising C$500,000 via a non-brokered private placement.

 

The proceeds will be used to advance the company's gold tenements in Western Australia.