Kalgoorlie-focused Horizon Minerals has received firm bids for a placement to raise $3.34 million.

The issue price of 4.5c per share was a slim 4.4% discount to the previous trading price.

The company will use the funds to advance the Cannon mine development and drill the Penny's Find project.

BBX Minerals has received a $3 million investment from Lind Global Fund II.

Lind has the option to invest a further $6 million over 24 months.

The funding will allow BBX to finalise its bioleaching work and commission a pilot plant in Brazil.

Great Western Exploration has placed 70 million shares at 4c each to raise $2.8 million.

The placement fully funds the company for planned drilling across its gold and nickel-copper projects.

Euroz Hartleys and Peloton Capital acted as joint lead managers.

Lithium explorer Askari Metals has attracted a $2.5 million investment from Zhejiang Huayou Cobalt Co.

Huayou has subscribed for 4.5 million shares at 55c each and will receive options on a one-for-three basis.

The company has raised an additional $3.25 million via a placement at 50c per share to institutional investors.

The funds will be used for exploration at the Uis lithium project in Nambia.

Dual-listed tungsten producer Almonty Industries has received firm commitments for the issue of 4.8 million CHESS depositary interests at 72c each to raise $3.5 million.

Each CDI will come with a free option, exercisable at $1.25 by the end of 2024.

The company will use the proceeds to repay a convertible note.

RM Corporate Finance acted as lead manager.

Westar Resources is raising up to $2.7 million to fund drilling at lithium, gold and copper-zinc targets.

The company raised $343,390 via a placement and will seek $2.4 million via a rights issue, both priced at 3c each including one-for-three options.

CPS Capital Group has been appointed as lead manager.

Panther Metals has launched a one-for-two renounceable rights issue to raise up to $2.7 million.

The issue is priced at 10c per share, a 23.1% discount to the last closing price, with participants to receive two options for every new share.

The funds will be used by Panther to grow its nickel-cobalt resource.

Finally, Corella Resources has raised $1.2 million in an oversubscribed placement at 3c per share plus options.

Peak Asset Management acted as lead manager.

The proceeds will advance the company's plans to become a high-purity alumina producer.