European Lithium has raised $6.5 million in a placement to finalise the Wolfsberg definitive feasibility study.

Shares will be issued at 6.25c each, with every two shares to come with a 7.5c listed option.

Evolution Capital Advisors was the lead manager.

Canyon Resources has completed the first tranche of a $6.2 million placement announced last week.

Ashanti Capital and Foster Stockbroking were joint lead managers.

The proceeds will be used to advance the Minim-Martap bauxite project in Cameroon.

VRX Silica has received $4.07 million via the exercise of 22.6 million options, representing a 94.7% take-up rate.

The company now has $14 million cash to advance the Muchea silica project.

Gold explorer Bulletin Resources is undertaking a one-for-three non-renounceable rights issue to raise $2.69 million, as well as two placements to raise up to $945,000.

Westar Capital has been appointed as lead manager and underwriter of the rights issue.

The funds will mainly be used to advance the Lake Rebecca project.

Gold explorer Great Southern Mining has raised $2.5 million in an oversubscribed placement managed by Shaw and Partners.

Investors in the 5c placement will also receive a one-for-four listed option.

Aldoro Resources has secured $2.4 million in funding to allow it to expand the drilling program at the Narndee project to 10,000m.

The company will place six million shares at 40c each, including $130,000 to three directors.

Xcel Capital was lead manager.

Dual-listed Thor Mining has completed a £800,000 private placement.

The proceeds will be used for exploration in the Pilbara.

After completing a $1.25 million private placement, NewPeak Metals has launched a share purchase plan at 0.15c per share.

The company will target $1 million but will accept oversubscriptions of up to $500,000.

Gladiator Resources has raised $1 million at 1.25c per share after announcing the acquisition of projects in Tanzania.

Finally, Valor Resources has received $400,000 from the exercise of options.