Lithium developer Lake Resources has upsized its private placement by a further $1.9 million to $3.4 million due to strong demand.

It comes after the company reported a Bill Gates-backed fund was investing in its partner Lilac Solutions.

The company is also increasing its $1.5 million share purchase plan by $1 million due to it being oversubscribed.

Alicanto Minerals has received firm commitments to raise $2.5 million via a placement to sophisticated investors.

Canaccord Genuity was lead manager.

Cohiba Minerals is seeking to raise up to $2 million via a share purchase plan.

Every two new 1c shares applied for under the offer will come with a 1.3c two-year option.

The company is also seeking to raise a further $200,000 via the issue of options.

Maximus Resources has completed a placement to raise $339,448 and will launch an underwritten rights issue to raise a further $1.1 million.

The funds will be used for exploration in Western Australia's Goldfields.

Castle Minerals has launched a one-for-one non-renounceable pro-rata entitlement offer to raise up to $1.4 million.

The issue price is 0.6c, with the funds to be used for exploration and to strengthen the balance sheet.

Nickel explorer Auroch Minerals has raised $1.06 million in a 5.5c per share placement.

Bell Potter Securities acted as lead manager, with every two shares to come with a 10c option.

Alloy Resources has emerged from a week-long suspension to report it raised $1 million to fund the acquisition of Dingo Resources.

The company had been targeting $2.1 million via JP Equity Partners.

Gold explorer Great Western Exploration has launched a two-for-five renounceable rights issue to raise $1 million at 0.2c, a 50% discount to the last price, with every two shares to come with a 0.5c option.

Mahe Capital will lead manage and underwrite the offer to $600,000.

Finally, Gladiator Resources has raised $235,000 to finalise the acquisition of two Victorian projects.