Rare earths producer Northern Minerals has entered into a subscription agreement with major shareholder JHY Investments to issue 4 million convertible notes with a face value of A$1 each.

The notes will be issued in two tranches.

The $4 million proceeds will be used for working capital.

Kalium Lakes has completed a bookbuild for a placement of 9.05 million shares at 31c each to raise $2.8 million.

Kerr Allan Financial acted as lead manager with new and existing domestic and offshore institutional, sophisticated and professional investors participating.

The funds will be used for early works, the front-end engineering and design and progressing project finance for the Beyondie sulphate of potash project, as well as working capital.

Blackstone Minerals has received commitments to raise $1.2 million for exploration in Western Australia and Canada.

The placement to institutional and sophisticated investors was priced at 10c per share.

London-listed ECR Minerals has raised £680,000 (A$1.2 million) via a strategic financing, with each share to come with an attaching warrant that could bring in a further £1.77 million.

The funding will be used for exploration in Victoria.

Rare earths developer Arafura Resources has raised $1 million in a placement.

When combined with a recent share purchase plan, the company received proceeds of more than $4 million.

Chile-focused Emu has completed a placement to raise just over $1 million.

The cash raised will be used for exploration at the company's gold projects.

BBX Minerals has received commitments to raise at least $1 million via a placement to existing investors, including major shareholder Drake Special Solutions, at 15c per share.

Every two new shares will come with a 20c option.

Lithium explorer Lake Resources has raised $1 million via the issue of unsecured convertible notes.

The proceeds will be used to accelerate the prefeasibility study at the Kachi project, as well as drilling and repaying debt.

Africa-focused Chesser Resources has raised $790,000 in a placement, with directors committing to invest a further $110,960, subject to shareholder approval.

The placement, at 3.8c per share, was lead managed by Taylor Collison.

The funds raised will be used for a drilling at the Diamba Sud gold project in Senegal.

West Wits Mining has raised $665,200 via an SPP and placement, within its targeted range of $500,000-$1 million.

The funds will be used to accelerate the Witwatersrand Basin project development.

Tychean Resources has launched a non-renounceable entitlement issue at 0.3c per share to raise $577,000.

The proceeds will be used to progress the IronRinger transaction, due diligence on other opportunities and working capital.

Finally, PepinNini Lithium has raised another $170,000 at half a cent per share.