Native Mineral Resources Ltd (ASX:NMR) is set to raise $3.46 million to progress development of its Far Fanning and Black Jack deposits in north Queensland, as well as funding exploration across other tenements and working capital requirements. The company has received commitments from sophisticated and institutional investors for a private Placement, expecting to raise $3,463,731.24 (before costs) with the issue of 86,593,281 fully paid ordinary shares priced at 4 cents each. The amount was raised under a premium of 14.3% to the last closing price. NMR is also planning to undertake a non-reno…