ALBRIGHT METALS LTD
ASX:ABRMaterialsToday’s holders own 70.6% of what they think they own, once every option and right converts.
Runway under 2 quarters; options/rights overhang 42% of shares; 2 cash raises in 24 months; since relisting as ABR; prior history under BYH not included
ALBRIGHT METALS LTD's data covers only the period since its December 2025 rename from BYH. Between April 2026 and June 2026, its ordinary share count grew 4.6% to 1.55B shares. The company raised A$2.2M in two capital raisings within a 24-month window, most recently a A$2.0M placement in October 2025. Options and rights could convert into 646M new shares, representing a 41.6% overhang of current shares; none are in the money, with the nearest expiry in July 2027. The company has under 2 quarters of funding at the recent spend rate. No proposed securities issues are pending.
Quick answers · 3
When did ABR last raise capital?
The last capital raise in Albright Metals's filings is Placement of $2.0M announced 22 Oct 2025, one of 2 cash raises in 24 months.
How much cash does ABR have?
In its quarterly cash report for the quarter ended 30 Sept 2026, Albright Metals reported $799k of cash and estimated 1.4 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do ABR's options expire?
Unexercised options and rights equal 41.6% of Albright Metals's shares on issue; the nearest expiry is July 2027.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 30 June 2026 | 2A · quoted issue | ABR : ORDINARY FULLY PAID | 1.55B | Appendix 2A |
| 15 Apr 2026 | 2A · quoted issue | ABR : ORDINARY FULLY PAID | 1.49B | Appendix 2A |
| 16 Jan 2026 | 3H · cancellation | ABR : ORDINARY FULLY PAID | 1.49B | Appendix 3H |
| 8 Jan 2026 | 3G · unquoted | ABR : ORDINARY FULLY PAID | 1.49B | Appendix 3G |
| 22 Dec 2025 | 3G · unquoted | ABR : ORDINARY FULLY PAID | 1.49B | Appendix 3G |
Securities on issue over time
Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.
Capital raises
2 cash raises in the last 24 months · 0 in the last 12 months · counted since relisting as ABR (1 Dec 2025); prior history under BYH is not included
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.
Placement capacity
How much stock a company can place without asking holders. Listing Rule 7.1 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
- Price-triggered546.0M · 35.1% of sharesOptions and warrants — they convert when the share price clears their exercise price.At least 523.4M of it states no exercise price — that much cannot be called in or out of the money.
- Condition-triggered100.0M · 6.4% of sharesPerformance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
Exercise price on record: 22.6M priced, 623.4M 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.
An exercise price is on record for only 3.5% of this supply, so what is in the money today is not a measurement — the tile above reads “—” for that reason. Of the priced supply, 0 is in the money at $0.0030 today. No more priced supply until 5× today’s price, which takes it to 22.6M (1.5% 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.
- 623.4M (96.5% 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.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| ABRAN | Options | Price-triggered | $0.012 | 2 July 2027 | 22.6M | Filing |
| ABRO | Options | Price-triggered, no exercise price stated | — | 6 Jan 2029 | 523.4M | Filing |
| ABRAL | Performance rights | Condition-triggered | — | — | 100.0M | Filing |
“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. For what expires soon across other listed companies, see the options expiry calendar.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 28 May 2026 | Ian George Stuart | Buy on-market | 7.0M | 10.7M | 16.0M | $11k | 3Y notice |
| 21 May 2026 | Ian George Stuart | Buy on-market | — | 644k | 16.0M | $644 | 3Y notice |
| 15 Jan 2026 | ASHLEY STEWART JONES | Other incentive | 6.2M | — | 16.0M | — | 3Y notice |
| 15 Jan 2026 | Ian George Stuart | Other incentive | 7.0M | — | 16.0M | — | 3Y notice |
| 15 Jan 2026 | LESLIE JAMES INGRAHAM | Other incentive | 13.0M | — | 19.0M | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.