European Metals has raised about A$4 million from predominantly UK based sophisticated investors, at about 61.5c to help continue with the definitive feasibility study for the Cinovec project in the Czech Republic, which EMH claims is Europe’s largest lithium resource.
Argentina-focused has entered into binding arrangements with a sophisticated and professional investors, a mix of new and existing shareholders, to raise $2.25million in cash via a private placement.
The placement was made at 1.1c, a modest discount to recent trading levels of 1.2c, and will fund development of the company’s lithium and gold projects to the JORC standard.
In addition, the company’s board and management have elected to convert $500,000 in fees owed to them into the raising on the same terms as the third party investors.
Traka Resources has completed a 42 million share placement at 4.5c to raise $1.9 million.
The proceeds will fund the ongoing assessment of the West Musgrave, Mount Short and Gorge Creek projects, for initial phase exploration of new projects.
The placement, managed by Veritas Securities, was at a 22% discount.
Alara Resources has welcomed Al Hadeetha Investments as a new shareholder following a $945,000 placement at 3c, the highest level the shares have traded at in more than three years.
Al Hadeetha has been a joint venture partner in Alara’s namesake copper-gold project in Oman over the past five years.
Capital Mining, which is quitting its cannabis connections for a return to the mining space, has raised $500,000 by the issue of 166 million shares at of $0.0015.
The raising shares will be placed in a holding lock until it is able to issue a cleansing prospectus to remove any secondary trading restrictions.