Companies / ADN

ANDROMEDA METALS LIMITED

ASX:ADNMaterials
4.62B shares on issueASX (delayed) · as of 28 July 2026$0.007price · delayed$32.4Mmarket cap · indicative
F
Dilution grade

Runway under 2 quarters; share count grew 49% in 24 months; options/rights overhang 58% of shares

Cash runway-0.2 quarters of funding
Share-count growth (24m)48.7%
Raise cadence (24m)2 cash raises
Options & rights overhang58.3% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

ANDROMEDA METALS LIMITED's ordinary share count grew 48.7% between January 2024 and April 2026, to 4.62B shares. The company raised capital twice in that period for total disclosed proceeds of A$19.0M, most recently A$14.0M in October 2025. Options and rights on issue could convert into 2.70B new shares, equal to 58.3% of the current share count, of which 0% are in the money at the current share price; the nearest expiry is July 2027. At the March 2026 quarter the company reported A$-1.2M in available cash, representing -0.2 quarters of funding at its recent spending rate. No proposed securities issues (Appendix 3B) are pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
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58.3%
Max option dilution
0.0%
ITM option dilution
1
Raises · last 12 months
-0.2 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 4.62B per ASX (delayed) (28 July 2026).
3.68B4.03B4.37BDec 24Sept 25July 26Cash raise · 14 Oct 2025Cash raise · 7 May 2025

Cash runway

-0.2 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$-1.2M available cash at quarter ended 31 Mar 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds.
Paid plan
Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 31 Mar 2026.
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Issuance timeline

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

DateFormSecurityTotal on issue afterSource
29 June 20263H · cancellationADN : ORDINARY FULLY PAID4.62BAppendix 3H
2 Apr 20262A · quoted issueADN : ORDINARY FULLY PAID4.62BAppendix 2A
21 Jan 20262A · quoted issueADN : ORDINARY FULLY PAID4.62BAppendix 2A
4 Jan 20263H · cancellationADN : ORDINARY FULLY PAID4.62BAppendix 3H
11 Dec 20252A · quoted issueADN: Ordinary Fully Paid4.62BAppendix 2A
Paid plan
Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

2 cash raises in the last 24 months · 1 in the last 12 months

$14.0M
Capital raise
14 Oct 2025
Paid plan
Full raise history
Issue price, discount, brokers, purpose and tranche detail for every raise on record.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

58.3%
Total overhang · of current shares
0.0%
In the money · at current price
2.70B
Potential new shares
July 2027
Nearest expiry
Paid plan
Per-line options & expiry cliffs
Each option line — code, strike, expiry, quantity and ITM value — plus the expiry-cliff chart.
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Director dealings

DateDirectorTypeSharesOptionsValueSource
11 Dec 2025Sue-Ann HigginsOther1.4M34—3Y notice
11 Dec 2025Jean-Dominique SorelOther1.7M1.0M$30k3Y notice
21 Nov 2025Miguel Joaquin Galindo CercosOther—4.6M$58k3Y notice
Paid plan
Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

Free account
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

12 July 2026Company Update Presentation
12 July 2026Appointment of Chief Financial Officer
6 July 2026Early Works Update Transport of Long Lead Items Complete
29 June 2026Notification of cessation of securities - ADN
21 June 2026$PHigh Purity Alumina Project Update
19 May 2026Presentation at the Critical Minerals Australia Conference
5 May 2026$PAndromeda receives R&D tax refund of $1.66 million
29 Apr 2026Executive Management Update
29 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
14 Apr 2026$PGreat White Project Early Works Update
2 Apr 2026Application for quotation of securities - ADN
30 Mar 2026$PCompany Update
16 Mar 2026Half Yearly Report and Accounts
29 Jan 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
21 Jan 2026Application for quotation of securities - ADN
4 Jan 2026Notification of cessation of securities - ADN
23 Dec 2025Progress of Early Works Activities at Great White Project
14 Dec 2025Change of Director's Interest Notice - Sorel
14 Dec 2025Change of Director's Interest Notice - Higgins
11 Dec 2025Cleansing Notice

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 July 2026.