Companies / AM5

ANTARES METALS LIMITED

ASX:AM5Materials

856.1M shares on issueASX (delayed) · as of 28 July 2026$0.007price · delayed$6.0Mmarket cap · indicative

Dilution grade

Runway under 2 quarters; share count grew 51% in 24 months; 3 cash raises in 24 months

Cash runway0.6 quarters of funding

Share-count growth (24m)50.6%

Raise cadence (24m)3 cash raises

Options & rights overhang31.4% of shares

In-the-money supply0.0% of shares

Pending proposed issuesnone

ANTARES METALS LIMITED's ordinary share count grew 50.6% between February 2025 and January 2026, to 769M shares. The company raised capital three times in the last 24 months for total proceeds of A$6.1M, most recently via scrip consideration of A$2.0M in January 2026. Options and rights could convert into 269M new shares, equal to 31.4% of the current share count, with 0% in the money and the nearest expiry in October 2026. At the March 2026 quarter the company reported A$357K in cash, equivalent to 0.6 quarters of cover. No proposed securities issues (Appendix 3B) are pending.

AI-generated summary of this page's cited filings · updated 28 July 2026

31.4%

Max option dilution

0.0%

ITM option dilution

Raises · last 12 months

0.6 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 856.1M per ASX (delayed) (28 July 2026).

Cash runway

0.6 qtrs

Less than two quarters of funding at the recent spend rate — near-term funding pressure.

$357k 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)

Date	Form	Security	Total on issue after	Source
30 June 2026	3H · cancellation	AM5 : ORDINARY FULLY PAID	856.1M	Appendix 3H
24 May 2026	3G · unquoted	ORDINARY FULLY PAID	856.1M	Appendix 3G
23 Feb 2026	3H · cancellation	AM5 : ORDINARY FULLY PAID	856.1M	Appendix 3H
29 Jan 2026	3G · unquoted	AM5 : ORDINARY FULLY PAID	643.6M	Appendix 3G
29 Jan 2026	2A · quoted issue	AM5 : ORDINARY FULLY PAID	731.1M	Appendix 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

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

$2.0M

scrip consideration

29 Jan 2026 ACTIVE

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

31.4%

Total overhang · of current shares

0.0%

In the money · at current price

268.5M

Potential new shares

Oct 2026

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

Date	Director	Type	Shares	Options	Value	Source
9 June 2026	Mr Terence Topping	Buy	—	—	$7k	3Y notice
29 Jan 2026	Mr Bruno Seneque	Other	625k	313k	$5k	3Y notice
29 Jan 2026	Mr Richard Maddocks	Other	625k	313k	$5k	3Y notice