Two more resources players have pulled their respective floats due to lack of investor interest.

Lithium explorer Centaur Resources was expecting to list on November 6 after it completed an IPO targeting between $12.5m and $15m.

At the time the Argentina-focused company launched its IPO, it was confident it would raise its target sum on the back of strong interest from investors.

But current market jitters have forced a swathe of companies to pull or delay listings, as Stockhead reported last week.

Stockhead is seeking comment from Centaur.

Tawana Resources (ASX:TAW) spinout, Cowan Lithium, meanwhile was originally aiming to join the ranks of the ASX in early October, but was forced to push its deadline to November 21.

It has now withdrawn its application to list completely.

Tawana spun out its non-core lithium projects in Western Australia and an iron ore project in Liberia into Cowan Lithium in March.

Stockhead is seeking comment from Tawana.

Nervous market

Potash explorer Trigg Mining was planning an IPO earlier this year, but in June shelved the idea due to the “recent weakness in equity markets”.

In an update on Tuesday, Trigg said although it had recently raised $400,000 in seed capital and attracted its first institutional investor — Regal Funds Management — it still wasn’t the right time to re-launch its IPO.

The company says “ongoing global events and increased market volatility” continue to make life difficult for new listings and it would keep an eye on market conditions in the hope of making its debut in 2019.

Cash just not flowing

Proving it is not an easy market to raise capital in right now, several resources players have also recently reported substantial shortfalls.

Base metals tiddler Mount Ridley Mines (ASX:MRD) last week reported a 49 per cent shortfall in its rights issue.

It raised about $297,388 of the $583,216 it was targeting in the rights issue, which was offering shares at 0.1c each.

Gold explorer Kin Mining (ASX:KIN) on Monday revealed it also had a shortfall, but that part of it was underwritten.

The company’s rights issue raised $3.9m, leaving a shortfall of about $6.5m.

About $5.3m of that was underwritten, with the rights issue falling short roughly $1.2m.

Multi-commodity explorer Argent Minerals (ASX:ARD) only managed to raise 33.6 per cent of the targeted $1.7m under its entitlement issue.

Junior explorer Corizon (ASX:CIZ), meanwhile, hasn’t had much success in tapping its shareholders for extra cash to fund a move into tungsten, lithium and gold.

Earlier in November, the company reported a 96 per cent shortfall for a recent entitlement issue it hoped would raise $3.2m.

The former iron ore explorer, which was previously known as West Peak Iron, has been suspended from trading for the past couple of years after it sold its iron ore project and worked to secure a new project.

In March it announced it was acquiring RWG Minerals, which owns the Twin Hills gold project, Nardoo Well tungsten and lithium project and the Cookes Creek tungsten project — all in Western Australia.

Corizon had just $652,437 in the bank at the end of September and was trying to raise more cash to relist on the ASX.

Investors also snubbed a $7.8m China Magnesium (ASX:CMC) rights issue, taking up just 0.3 per cent of the shares offered.

The company’s ambitious rights issue offered shareholders one new share at 5c for every two shares held — a 92 per cent premium on the closing price of shares the day before the capital raising was announced.

China Magnesium raised just $27,076, but said it had already received applications to raise a further $7.5m.

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