AMARA MINERALS LIMITED
ASX:AM3MaterialsToday’s holders own 59.4% of what they think they own, once every option and right converts.
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
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.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 2 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 26 Aug 2026 | 2A · quoted issue | AM3 : ORDINARY FULLY PAID | 3.11B | Appendix 2A |
| 26 June 2026 | 2A · quoted issue | AM3 : ORDINARY FULLY PAID | 3.09B | Appendix 2A |
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
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 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
- Price-triggered1.55B · 49.6% of sharesOptions 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 sharesPerformance 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.
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 5× 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.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| AM3AI | Options | Price-triggered | $0.020 | 24 May 2027 | 30.0M | Filing |
| AM3AJ | Options | Price-triggered | $0.020 | 24 May 2028 | 20.0M | Filing |
| AM3OA | Options | Price-triggered | — | 1 May 2029 | 1.50B | Filing |
| AM3AK | Performance rights | Condition-triggered | — | — | 579.0M | 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.
Director dealings
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.