Tombola Gold has received firm commitments to raise $2.94 million for the development of the Mt Freda complex.

The placement was strongly supported and shares were issued at 2.7c each, a slim 3.6% discount.

QX Resources is raising $2.85 million in a placement to Shenzhen-listed Suzhou TA&A Ultra Clean Technology Co.

The pair will also negotiate a collaboration agreement and Suzhou will be granted a first right of refusal on any future lithium offtake.

Latin Resources has executed an option funding agreement with Lind Asset Management to receive funding of $2.5 million.

If all the options are exercised, Latin would receive $5.1 million.

The company will use the funds to advance projects in Brazil.

Graphite-focused Volt Resources has launched a placement to raise $2.5 million, which will include a $500,000 subscription from chairman Asimwe Kabunga.

The issue price of 1.1c per share is a 44% discount to the 15-day volume-weighted average price of Volt shares.

Finally, Cannindah Resources has placed $1 million worth of shares to a sophisticated investor.

The issue price of 32.5c per share represents a 3% premium to the previous close.