Infinity Lithium Corporation has received commitments for a placement to raise $2.2 million and will launch an entitlement issue to raise up to an additional $2.4 million.

New 7c shares in the placement with come with a one-for-two 12c option.

The funds will be used to progress the San Jose lithium project in Spain.

Carnaby Resources has completed a bookbuild for a $3 million placement and will seek to raise up to a further $1 million via a share purchase plan.

Canaccord Genuity was lead manager to the placement, which will see shares issued at 30c each, a 2.3% discount to the 10-day volume-weighted average price.

The company will scale up and accelerate work at the Strelley and Tick Hill gold projects.

Victorian producer AuStar Gold has raised $1.96 million in a placement that received bids of more than $6 million.

Crescat Capital, advised by Dr Quinton Hennigh, Equity Management Associates and WH Ireland cornerstoned the placement.

Every three 30c shares will come with a 60c option expiring in December 2021.

The company will seek to raise a further $1 million via an entitlement offer and will make a bonus issue of options on a one-for-10 basis.

Lithium player Sayona Mining has agreed to a placement with US investor Battery Metals Capital Group worth up to US$2 million.

The agreement provides for Sayona to receive an additional $6 million at the six, 12 and 18-month anniversaries, subject to its discretion.

The funds will support Sayona's growth plans, including the Authier and Tansim projects in Canada, a bid for North American Lithium, and exploration in Western Australia.

Phosphate developer Minbos Resources has received binding commitments to raise A$2.26 million in two tranches.

Vert Capital is lead manager of the 0.15c per share placement.

Oakdale Resources has agreed terms for a placement to raise $2.2 million, which was oversubscribed by $785,000.

The issue price of 2.1c was a 31% premium to the company's 10-day VWAP.

Iron ore developer Venture Minerals has accepted oversubscriptions of $1 million in its SPP to raise $2.5 million.

The company received applications for $3.6 million.

Astro Resources has secured a $2.3 million investment via convertible notes from HPG Urban Developments and Agam Nominees No 1.

The proceeds will be used to retire most of the $2.97 million debt owed to Gun Capital, with Gun to capitalise the balance.

Comet Resources has received commitments to place 100 million shares at 2c each to raise $2 million lead managed by Peloton Capital.

The company will launch a share purchase plan at the same price to raise up to a further $500,000.

The funds will be used to advance the Santa Teresa gold project and Barraba copper project.

Caeneus Minerals has launched a $2 million placement to fund exploration in the Mallina Basin.

Shaw and Partners is sole lead manager.

Shares will be issued at 0.8c each, a 25% discount to the 15-day volume-weighted average price, with every two shares to come with a 1.5c December 2023 option.

Barra Resources has received firm commitments to raise $1.48 million for gold exploration.

Canaccord Genuity was sole lead manager.

Gibb River Diamonds' $600,000 SPP has raised $1.09 million after directors decided to accept oversubscriptions.

The funds will be used for the Edjudina gold project.

Tin developer Elementos' $300,000 SPP was oversubscribed, raising $773,000.

The company will use the proceeds to advance the Oropesa project.

Latin Resources has raised $652,000 in a placement that was oversubscribed by $102,000, to advance the Yarara gold project in New South Wales.

The issue price of 1.1c was a 4% premium to the 10-day VWAP, and every share will come with a free 1.2c option.

Finally, Redbank Copper is undertaking a private placement via Viridian Capital to raise $239,000.