Capital Watch: Recharge, GTI and more

PLACEMENTS and raisings from across the Australian exploration space this week.
Capital Watch: Recharge, GTI and more Capital Watch: Recharge, GTI and more Capital Watch: Recharge, GTI and more Capital Watch: Recharge, GTI and more Capital Watch: Recharge, GTI and more

Staff Reporter

Recharge Metals has secured firm commitments for A$3 million at 10c per share following its decision to purchase two contiguous blocks in the prolific James Bay region of Canada, with demand so high it increased its placement from $2.5 million.
The funds will be used to advance the new Express lithium project.
Uranium-focused GTI Energy is raising funds for the US$950,000 acquisition of historical data which has an estimated replacement value of $15 million.
The company is placing 260 million shares priced at A0.9c and 130 million options to raise $2.34 million and has opened a fully underwritten rights issue on the same terms for a further $1.4 million.
CPS Capital Group acted as lead manager.
Castle Minerals has raised $2.5 million in an oversubscribed placement to professional and sophisticated investor clients of Peak Asset Management.
The offer was priced at 2c per share and included two options for every three new shares.
The proceeds will be primarily used to advance the Kambale graphite project in Ghana.
Europe-focused Prospech is seeking up to $2.5 million for exploration of its Kolba copper-cobalt project in Slovakia and the Bambra lithium-rare earth element projects in Finland.
BW Equities has underwritten a $1.5 million placement priced at 2c, while existing shareholders can participate in a rights issue at the same price for the balance. 
Adavale Resources has raised $2 million in two tranches of 12-month unsecured convertible notes to new and existing shareholders.
GBA Capital was lead manager to the issue, which included options.
Adavale will use the funds for nickel drilling in Tanzania.
Mark Creasy and other existing shareholders in Australian Potash have agreed to pump in $2.08 million at 1.8c per share to support the company's need for working capital while it advances discussions with prospective strategic investors in respect to support its Lake Wells sulphate of potash project in Western Australia.
Kimberley region platinum group element explorer Peako has launched a two-for-five renounceable rights issue at 1c per share to raise up to $1.5 million.
Mahe Capital is lead manager of the offer, which includes a free option for every two shares issued.
The company is planning to resume drilling at the Eastman project following the conclusion of the wet season.
To fund its new Canadian lithium acquisitions, Sultan Resources is raising up to $1.5 million at 5c per share with managers Xcel Capital and ARQ Capital.
Prairie Lithium, which is in the process of being acquired by ASX-listed Arizona Lithium, has secured a circa $1.1 million matching grant from the Canadian government for investment into Prairie's proprietary direct extraction process technology.
Corella Resources has closed an oversubscribed $1.2 million strategic placement at 3c, managed by Peak Asset Management.
The funds will be used to progress plans to develop its Tampu, Whitecap, and Whitehills kaolin projects in WA into sources of high purity alumina.
Miramar Resources is raising $600,000 via the issue of 19.64 million shares at 5c each, plus a one-for-one free-attaching option.
The placement will allow the company to conduct exploration programs across its projects in Western Australia's Gascoyne region.
Finally, Antilles Gold is raising up to $140,000 via an entitlement issue of options.