Laverton gold explorer Magnetic Resources has received binding commitments for a $4.8 million placement.

The company will issue 6.66 million new shares at 72c each, a 10% discount.

The funds will be used to increase the size and confidence of its gold deposits.

Pacgold has received firm commitments to raise $3.2 million in a placement to accelerate exploration at Alice River in Queensland.

Argonaut Securities was lead manager and Argonaut PCF underwrote the 19c per share placement.

Every two shares will include a free-attaching option, exercisable at 30c by September 2026.

Queensland explorer Sunshine Metals has secured commitments for a placement of $3 million at 1.4c per share to accelerate drilling at Coronation copper-gold target.

Participants will receive one option for every three shares.

Canaccord Genuity was sole lead manager.

Diamond producer Newfield Resources has entered into a binding agreement with its largest shareholder, Rustiyan Oen, for a private placement of shares to raise US$2 million.

Shares will be issued at A15c each, equal to the last closing price.

The company is also converting a $13.86 million loan with Wonder Holdings to equity.

Stelar Metals has received firm commitments to raise $2.86 million at 30c per share, a 7.7% discount to the previous closing price, managed by Cadmon Advisory.

The company will seek approval for the second tranche and also for participation by chairman Stephen Biggins.

The funds will be used for lithium exploration in New South Wales.

Armada Metals has announced a one-for-one pro-rata non-renounceable entitlement offer to raise up to $2.08 million.

Shares will be issued at 2c per share, a 13% discount.

Proceeds will fund work at the Bend nickel project in Zimbabwe.

Queensland explorer Cannindah Resources is seeking to raise up to $2 million via a share purchase plan.

Several investors have committed to invest a further $650,000 via a placement at the same price of 10c per share.

New Age Exploration has received firm commitments for a $1.96 million placement and will seek approval for an additional $550,000 placement to directors.

Subscribers will receive an option for every two 0.55c shares issued. The issue price is a 31% discount.

CPS Capital was lead manager to the placement, which will fund Pilbara lithium exploration.

Fresh from announcing the acquisition of a lithium project in Brazil, OzAurum Resources has raised $2.4 million to start exploration.

The company will issue 31.75 million shares at 7.5c each, plus one option for every two new shares.

PAC Partners was lead manager.

Diablo Resources has raised $1 million via a placement to sophisticated and professional investors for US exploration.

The 3.5c per share placement will include a free-attaching option for every two shares.

Thor Energy has raised $1 million to accelerate exploration activities at the company's uranium assets in Colorado and Utah.

GBA Capital was lead manager to the placement of 23.8 million shares and CHESS depositary interests at 4.2c per share, above the 15-day volume-weighted average price.

Ghana-focused graphite explorer Castle Minerals has launched an SPP to raise up to $1 million.

Every two new 1c shares issued will come with an option, exercisable at 1.8c by the end of December.