Contractor Metarock has launched a one-for-5.2 non-renounceable entitlement offer to raise up to A$3.9 million as part of a recapitalisation.

The offer price is 15c per share, a 7.1% premium to the last close, with one new option for 3.25 shares.

The raising is in addition to the $25 million placement to M Mining Services.

Turaco Gold has received binding commitments to raise $3.75 million for drilling in Cote d'Ivoire.

The 5c issue price was a slim 4% discount to the last price, with Blackwood Capital managing the placement.

The proceeds will be used for drilling in Cote d'Ivoire.

Victory Metals has raised $3 million in an oversubscribed placement to advance the North Stanmore rare earth project in Cue, Western Australia.

Shares were issued at 24c each, an 8.6% discount to the 15-day volume-weighted average price, with every three shares coming with an option, exercisable at 30c by November 2024.

Canaccord Genuity acted as lead manager.

Botswana-focused Si6 Metals has launched a rights issue to raise up to $3 million for drilling.

Shareholders can subscribe for one 0.6c share for every three shares held, with an option to come with each share.

For every option exercised at 1c by the June 2025 expiry date, the company will issue an additional option, exercisable at 2c by June 2027.

Terra Uranium is raising $2.78 million by way of a flow-through share placement in Canada.

The flow-through shares will be priced at 27.8c per share, a 26% premium to the last closing price, and will then be immediately on-sold through a block trade to institutional and sophisticated investors.

Terra has uranium projects in Canada's Athabasca Basin.

Junior gold producer Savannah Goldfields has received firm commitments to raise $2.7 million for debt repayment and mining at Agate Creek.

Subscribers to 15c shares will received one option for every two shares.

Melbourne Capital and Bizzell Capital Partners were joint lead managers.

Exploration technology company SensOre is seeking to raise $2 million via a placement and share purchase plan.

Bell Potter Securities is lead manager to a $1 million placement, with both the placement and SPP priced at 25c per share.

Marvel Gold has received binding commitments to raise $1.9 million via the placement of 158.3 million shares at 1.2c per share.

Canaccord Genuity and Bridge Street Capital Partners acted as joint lead managers.

The funds will be used for business development to identify opportunities outside Mali.

Unlisted Australian public company Bayrock Resources has lodged a prospectus for an entitlement issue to raise $1.8 million at 3c per share.

The offer is being fully underwritten by QX Resources.

The proceeds will be used for drilling in Sweden, payments to project vendors and debt repayments.

Gold explorer Saturn Metals has raised $1.5 million in a placement managed by Shaw and Partners.

Dundee Corporation will increase its position to 19.99%.

LithTech Industries has opened a funding round for the development of its patented magnesium separation technology that significantly increases the brine extraction of critical raw materials, such as nickel, lithium, cobalt, copper and natural graphite.

The company is seeking to raise $500,000 via the placement of 25 million shares at 2c per share.

The transaction is being managed and executed by Keops Group.

Finally, Farjoy has agreed to underwrite Battery Minerals' current $500,000 SPP.