Pacific Nickel Mines has raised $5.275 million via the placement of 75.3 million shares at 7c each.

Bridge Street Capital Partners and Bell Potter Securities were joint lead managers.

The proceeds will be used for initial development works at the Kolosori nickel project in the Solomon Islands.

Copper explorer Odin Metals is conducting a placement to raise up to $2.75 million in two tranches.

Shares will be issued at 1.8c each, an 18.2% discount to the last closing price.

Subscribers will receive a one-for-two option, exercisable at 8c before November 2027.

Aldoro Resources has raised $2.475 million via the issue of 11 million shares at 22.5c per share, plus a one-for-two option.

Xcel Capital was lead manager to the placement.

The funds will be used for exploration at the Niobe rubidium-lithium project.

Tanzania-focused nickel explorer Resource Mining Corporation has secured firm commitments for a placement to raise $2.42 million.

Shares will be issued at 11c each, a 10% premium.

African Gold has launched a two-for-five non-renounceable pro-rata rights issue to raise up to $2.38 million.

The proceeds will fund work at the Didievi project in Cote d'Ivoire.

Gold explorer Nelson Resources has launched a one-for-one non-renounceable rights issue to raise up to $1.47 million at 0.5c per share, a 50% discount.

Mahe Capital is lead manager and is underwriting the issue to $1 million.

Great Southern Mining has raised $1.2 million by placing the shortfall from a recent entitlement offer.

An entity related to director Matthew Blake subscribed for $400,000 worth of shares, subject to shareholder approval.

Enterprise Metals has launched a share purchase plan to raise up to $500,000 to fund lithium exploration.

Shareholders can subscribe for new shares at 1c each, including a free one-for-two option.