Companies / AM3

AMARA MINERALS LIMITED

ASX:AM3Materials
3.11B shares on issueASX (delayed) · snapshot 11 Sept 20265.24B fully diluted+68.2% if every option and right converts$0.005price · delayed$15.6Mmarket cap · indicative

Today’s holders own 59.4% of what they think they own, once every option and right converts.

Moderate
Dilution riskprovisional — limited history

Runway under 2 quarters; options/rights overhang 68% of shares; 2 cash raises in 24 months; since relisting as AM3; prior history under ADG not included

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway1.5 quarters of funding
Share-count growth (24m)0.9%since relisting as AM3; prior history under ADG not included
Raise cadence (24m)2 cash raisessince relisting as AM3; prior history under ADG not included
Options & rights overhang68.2% of shares
In-the-money supplyno data — an exercise price is on record for a minority of the supply
Pending proposed issuesnone

AMARA MINERALS LIMITED is trading as AM3 only since May 2026 after a rename from ADG, with figures reflecting only the period since that rename. The company's ordinary share count grew 0.9% between June 2026 and August 2026, to 3.11B shares. AMARA MINERALS LIMITED raised capital twice in the past 24 months for total disclosed proceeds of A$3.5M, most recently a A$2.2M placement in June 2026. Options and rights on issue could convert into 2.12B new shares, equal to 68.2% of the current share count; the nearest expiry falls in May 2027. At the June 2026 quarter, the company reported A$1.4M in available cash, about 1.5 quarters of funding at its recent spending rate. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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68.2%
Options & rights overhang
In-the-money supply · most strikes not on record
1
Raises · last 12 months
1.5 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. Shown since relisting as AM3 (11 May 2026); prior history under ADG is not included. Latest count 3.11B per ASX (delayed) (snapshot 11 Sept 2026).
2.7B2.8B2.9B3.0B3.1BMay 26July 26Sept 26Cash raise · 11 June 20263.11B

Cash runway

1.5 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
Funds operations to about Oct 2026 at the reported spend rate.
$1.4M 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: $2.1M cash at quarter end (item 4.6), 2.3 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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1 quarter 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 2 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
26 Aug 20262A · quoted issueAM3 : ORDINARY FULLY PAID3.11BAppendix 2A
26 June 20262A · quoted issueAM3 : ORDINARY FULLY PAID3.09BAppendix 2A
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2 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

2 cash raises in the last 24 months · 1 in the last 12 months · counted since relisting as AM3 (11 May 2026); prior history under ADG is not included

every 9.2 monthsaverage gap between raises
3.1 monthssince the most recent
4 Sept 202511 June 2026first to most recent in this window
$2.2M
Placement
11 June 2026 COMPLETE
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3 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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3 dated events 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.

No estimateno share count old enough to measure 15% of.
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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

68.2%
Options & rights overhang · of current shares
In-the-money supply · most strikes not on record
2.12B
Potential new shares
May 2027
Nearest expiry
What this supply is, and what converts it
  • Price-triggered1.55B · 49.6% of shares
    Options and warrants — they convert when the share price clears their exercise price.
    At least 1.50B of it states no exercise price — that much cannot be called in or out of the money.
  • Condition-triggered579.0M · 18.6% of shares
    Performance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.

Exercise price on record: 50.0M priced, 2.07B 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
1.06B2.12B$0.005 now0.25× today ($0.001) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.003) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.004) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.005) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.006) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.007) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.010) — 0 of the priced supply in the money, 0.0% of shares on issue3× today ($0.015) — 0 of the priced supply in the money, 0.0% of shares on issue5× today ($0.025) — 50.0M of the priced supply in the money, 1.6% of shares on issue10× today ($0.050) — 50.0M of the priced supply in the money, 1.6% of shares on issue0.25×0.5×0.75×now1.25×1.5×10×

An exercise price is on record for only 2.4% 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 $0.005 today. No more priced supply until today’s price, which takes it to 50.0M (1.6% 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.
  • 2.07B (97.6% 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
AM3AIOptionsPrice-triggered$0.02024 May 202730.0MFiling
AM3AJOptionsPrice-triggered$0.02024 May 202820.0MFiling
AM3OAOptionsPrice-triggered1 May 20291.50BFiling
AM3AKPerformance rightsCondition-triggered579.0MFiling

“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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4 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

No director dealing notices (Appendix 3Y) on record.
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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

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