AMERICAN URANIUM LTD
ASX:AMUMaterialsToday’s holders own 65.4% of what they think they own, once every option and right converts.
Runway under 2 quarters; share count grew 22% in 24 months; 5 cash raises in 24 months; since relisting as AMU; prior history under GTR not included
AMERICAN URANIUM LTD's ordinary share count, covering only the period since its rename from GTR in August 2025, grew 21.5% between September 2025 and July 2026 to 130M shares. The company has raised capital five times in the past 24 months, totalling A$11.1M, most recently A$1.2M via Convertible Loan Notes in August 2026. Options and rights on issue could convert into 69M new shares, representing 53.0% of the current share count, none of which are in the money; the nearest expiry falls in February 2027. The company has under 2 quarters of funding at the recent spend rate. One proposed securities issue is pending, with an expected date of March 2028.
Quick answers · 4
Is AMU raising capital?
American Uranium has 1 proposed issue of securities pending under Appendix 3B as at 28 Oct 2026; the most recent raise announced is Convertible Loan Notes of $1.2M on 25 Aug 2026.
How much placement capacity does AMU have left?
About 30% of the 15% placement capacity left, about 70% used in 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.
How much cash does AMU have?
In its quarterly cash report for the quarter ended 30 June 2026, American Uranium reported $1.2M of cash and estimated 0.9 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do AMU's options expire?
Unexercised options and rights equal 53% of American Uranium's shares on issue; the nearest expiry is Feb 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 |
|---|---|---|---|---|
| 11 Sept 2026 | 3G · unquoted | AMU : ORDINARY FULLY PAID | 130.3M | Appendix 3G |
| 12 Aug 2026 | 3G · unquoted | ORDINARY FULLY PAID | 130.3M | Appendix 3G |
| 22 July 2026 | 2A · quoted issue | AMU : ORDINARY FULLY PAID | 129.4M | Appendix 2A |
| 22 July 2026 | 3G · unquoted | ORDINARY FULLY PAID | 129.3M | Appendix 3G |
| 22 July 2026 | 3G · unquoted | AMU : ORDINARY FULLY PAID | 129.3M | 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
5 cash raises in the last 24 months · 4 in the last 12 months · counted since relisting as AMU (25 Aug 2025); prior history under GTR is not included
Results due
What the company's own reports say is coming, and when. A month is one the report names; “by end of year” is a deadline such as “Q4”. See every explorer on the results calendar.
- by end 2026 · Lo Herma Scoping Study (to complete)
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-triggered68.2M · 52.3% of sharesOptions and warrants — they convert when the share price clears their exercise price.At least 47.8M of it states no exercise price — that much cannot be called in or out of the money.
- Condition-triggered875k · 0.7% 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: 20.4M priced, 48.6M 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 29.6% 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 $0.050 today. No more priced supply until 5× today’s price, which takes it to 20.4M (15.7% 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.
- 48.6M (70.4% 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 |
|---|---|---|---|---|---|---|
| AMUAI | Performance rights | Condition-triggered | — | 23 Feb 2027 | 50k | Filing |
| AMUAN | Performance rights | Condition-triggered | — | 11 Oct 2027 | 825k | Filing |
| AMUOC | Options | Price-triggered, no exercise price stated | — | 25 Sept 2028 | 47.8M | Filing |
| AMUAR | Options | Price-triggered | $0.16 | 30 June 2029 | 20.4M | 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.
- —convertible notes1.2M11 Sept 2026 Appendix 2A
Director dealings
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.