Chile-focused gold explorer Tesoro Resources has entered into an at-the-market subscription agreement with Acuity Capital for up to $5 million of standby equity in the next 30 months.

Tesoro retains control of all aspects of the subscription process, can terminate at any time and retains the right to raise capital via other methods.

Elmore has received firm commitments to raise $4.35 million at 3c per share, an 11.8% discount to the last closing price.

About $1.5 million of the funds raised will be used to buy, deconstruct and move plant and equipment for copper and cobalt processing to the Peko mine site in the Northern Territory.

Shaw and Partners and Euroz Hartleys acted as joint lead managers.

Tin explorer Stellar Resources is seeking to raise up to $2.4 million via a placement and share purchase plan.

The company has received firm commitments to raise $1.88 million via a placement and will seek up to a further $500,000 via an SPP.

The issue price for both is 1.5c per share, a 9.6% discount to the 15-day volume-weighted average price.

Equus Mining has received commitments for a two-tranche placement at 10c per share to raise $1.54 million.

The company has also entered into a binding agreement with Tribeca Global Resources Credit for a two-year, US$2.2 million debt facility.

The funding will be used to advance the Cerro Bayo project.

New Talisman Gold Mines has closed a convertible note issue, raising NZ$1 million and has launched a placement to raise a further $1 million.

The funds will be used to bring the Talisman mine in New Zealand into production.

Argonaut Resources has launched a one-for-two non-renounceable entitlement offer at 0.1c per share to raise up to $1.8 million.

Funds raised will be used for lithium exploration in Western Australia and the recovery of the Lumwana West licence in Zambia.

Finally, GBM Resources has raised $400,165 from the exercise of more than 8 million options.