Los Cerros has launched a non-renounceable entitlement issue to raise up to $4.3 million.

The one-for-five offer is priced at 3c per share, a 16.7% discount to the previous close.

Euroz Hartleys is acting as lead manager.

The funds will be used for exploration in Papua New Guinea.

Cobalt-turned-lithium explorer Koba Resources has secured commitments to raise $4 million to fund exploration in Canada and Western Australia.

New shares are being issued at 15c each, a 7.1% premium. Every four shares come with a free-attaching option.

Cygnet Capital was lead manager.

Group 6 Metals' previously announced share purchase plan has raised $4.5 million, well above the $3 million sought.

The funds are being used for the construction of the Dolphin tungsten mine on King Island.

Norwest Minerals has launched a $2.2 million entitlement offer to accelerate drilling at the Arunta West rare earths and Bali copper-gold projects.

The one-for-four offer is priced at 4c per share and will include one option for every two new shares.

Brazil-focused Aguia Resources has closed a $1.5 million private placement at 4.5c per share.

The proceeds will be used for the construction of the Organic phosphate mine.

Rimfire Pacific Mining has raised $1.2 million via a placement for New South Wales copper and cobalt projects.

The 0.6c per share placement is being conducted in two tranches.

Canada-focused gold explorer Auteco Minerals has received $390,000 from the exercise of options.

OZZ Resources has raised $350,000 from the placement of the shortfall of its recent entitlement offer.

Finally, further to Nimy Resources' $3.2 million raising last week, the company has completed an additional placement of $133,519.