Companies / 1MC

MORELLA CORPORATION LIMITED

ASX:1MCMaterials
441.8M shares on issueASX (delayed) · snapshot 11 Sept 2026500.7M fully diluted+13.3% if every option and right converts$0.028price · delayed$12.4Mmarket cap · indicative

Today’s holders own 88.2% of what they think they own, once every option and right converts.

High
Dilution risk

Runway under 2 quarters; share count grew 63% in 24 months; 4 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway0.9 quarters of funding
Share-count growth (24m)63.1%
Raise cadence (24m)4 cash raises
Options & rights overhang13.3% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

MORELLA CORPORATION LIMITED's ordinary share count grew 63.1% between August 2024 and September 2026, reaching 442M shares. The company raised capital four times in the past 24 months, totalling A$6.3M, with the most recent being a A$2.1M placement in February 2026. Options and rights on issue represent a potential 59M new shares, or 13.3% of the current share count. None of these options are currently in the money, and the nearest expiry date is May 2029. At the June 2026 quarter end, MORELLA CORPORATION LIMITED reported A$756K in available cash, covering approximately 1.0 quarters of operations. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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13.3%
Options & rights overhang
0.0%
In-the-money supply
3
Raises · last 12 months
0.9 qtrs
Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 441.8M per ASX (delayed) (snapshot 11 Sept 2026).
300M350M400M450MDec 24Oct 25Sept 26Cash raise · 18 Feb 2026Cash raise · 18 Feb 2026Cash raise · 20 Oct 2025Cash raise · 7 May 2025441.8M

Cash runway

0.9 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
The latest quarterly report funded operations to about Sept 2026 — that date has passed, and no later report is on record.
$747k cash after burn from the quarter ended 30 June 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds. Filed with the quarterly report: $1.4M cash at quarter end (item 4.6), 1.8 qtrs of funding on the company’s own estimate. Our figure above carries the filed quarter-end balance forward at the reported spend rate and adds announced raise proceeds.
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11 quarters on record — Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 30 June 2026.
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Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
4 Sept 20262A · quoted issue1MC : ORDINARY FULLY PAID441.8MAppendix 2A
4 Sept 20263H · cancellation1MC : ORDINARY FULLY PAID441.8MAppendix 3H
13 May 20262A · quoted issue1MC : ORDINARY FULLY PAID420.9MAppendix 2A
13 May 20262A · quoted issue1MC : ORDINARY FULLY PAID415.8MAppendix 2A
13 May 20262A · quoted issue1MC : ORDINARY FULLY PAID414.5MAppendix 2A
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20 filings on record — Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

4 cash raises in the last 24 months · 3 in the last 12 months

every 4.7 monthsaverage gap between raises
6.8 monthssince the most recent
7 May 2025 – 18 Feb 2026first to most recent in this window
$2.1M
Placement
18 Feb 2026 COMPLETE
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9 raises on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
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Forward supply

Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.

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1 dated event on record — Forward supply calendar
Option expiries and proposed issues on one forward timeline, with the securities each could add.
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Placement capacity

How much stock a company can place without asking holders. Listing Rule 7.1 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.

About 65% of the 15% placement capacity left — about 35% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-09-12). Holder-approved issues and any later ratification are not deducted, so the true headroom can be higher.
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Placement capacity — LR 7.1 / 7.1A
The filings behind the figure: every Appendix 3B in the window with what it says was issued under 7.1 and 7.1A, each row linked to its filing, and how many shares are left.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

13.3%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
58.9M
Potential new shares
May 2029
Nearest expiry
What this supply is, and what converts it
  • Price-triggered57.5M · 13.0% of shares
    Options and warrants — they convert when the share price clears their exercise price.
  • Converts on terms1.4M · 0.3% of shares
    Convertibles with no exercise price — they convert on their own terms, so they are shares in all but name.

Exercise price on record: 57.5M priced, 1.4M where the filing never states one. A security with no exercise price is never counted in the money — nothing is paid to convert it, so there is no price for it to be above.

Each figure is the filing’s own count of securities, not a share count — a 2A never states what one security converts into.

What a price move would switch on
29.4M58.9M$0.028 now0.25× today ($0.007) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.014) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.021) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.028) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.035) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.042) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.056) — 0 of the priced supply in the money, 0.0% of shares on issue3× today ($0.084) — 57.5M of the priced supply in the money, 13.0% of shares on issue5× today ($0.140) — 57.5M of the priced supply in the money, 13.0% of shares on issue10× today ($0.280) — 57.5M of the priced supply in the money, 13.0% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.028 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 3× today’s price, which takes it to 57.5M (13.0% of shares).

  • Priced supply in the money at the price on the axis — the curve, and the only thing on it. Ten prices, sampled: between two of them the true figure lies between the two.
  • 1.4M (2.4% of the supply above) states no exercise price at all. It cannot be called in or out of the money at any price, which is why it is hatched rather than plotted.
CodeSecurityTypeExercise priceExpiryOn issueSource
1MCAACOptionsPrice-triggered$0.06011 May 202957.5MFiling
1MCAANotesConverts on terms——1.4MFiling

“Nil” is a stated nil exercise price: nothing is paid to convert. An em dash means the filing names no exercise price at all. Security is read from the filing’s own class description; an em dash there means the description is not one this table labels. One row is one security class, at the number stated in the most recent quotation application that restated it — linked, and dated, in the last column.

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2 option lines on record — In-the-money value & price ladder
What each line is worth in the money today, the price ladder to the next tranche that converts, and the filing description behind every code.
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Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
12 May 2026Allan BucklerBuy placement10.0M2.5M—$345k3Y notice
12 May 2026B T KuanBuy placement1.8M750k—$57k3Y notice
12 May 2026Dan O'NeillBuy placement1.8M625k—$57k3Y notice
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18 notices on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

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Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
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Latest announcements

4 Sept 2026Cleansing Notice
4 Sept 2026Notification of cessation of securities - 1MC
4 Sept 2026Application for quotation of securities - 1MC
19 Aug 2026$PMorella and Elevra Expand WA Exploration JV
28 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
10 June 2026$PDrilling Strengthens Maiden Resource Potential at Mt Edon
1 June 2026$PMt Edon Drilling Reinforces Broad Rubidium Mineralisation
15 May 2026Change of Director's Interest Notice
13 May 2026Cleansing Notice
13 May 2026Change in substantial holding
13 May 2026Notification regarding unquoted securities - 1MC
13 May 2026Application for quotation of securities - 1MC
13 May 2026Application for quotation of securities - 1MC
13 May 2026Application for quotation of securities - 1MC
13 May 2026Application for quotation of securities - 1MC
29 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
29 Apr 2026Results of Extraordinary General Meeting
30 Mar 2026$PBroad Pegmatite Intercepts in Drilling at Mt Edon
26 Mar 2026Proposed issue of securities - 1MC
26 Mar 2026Proposed issue of securities - 1MC

Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.