Companies / ANX

ANAX METALS LIMITED

ASX:ANXMaterials
1.74B shares on issueASX (delayed) · as of 28 July 2026$0.030price · delayed$54.1Mmarket cap · indicative
D
Dilution grade

Share count grew 152% in 24 months; 7 cash raises in 24 months; options/rights overhang 32% of shares

Cash runway5.7 quarters of funding
Share-count growth (24m)151.7%
Raise cadence (24m)7 cash raises
Options & rights overhang31.8% of shares
In-the-money supply4.7% of shares
Pending proposed issuesnone

ANAX METALS LIMITED's ordinary share count increased 151.7% between July 2024 and July 2026 to 1.74B shares. The company raised capital seven times in that 24-month window for total proceeds of A$40.1M, most recently a A$6.0M placement in May 2026. Options and rights on issue could convert into 554M new shares, equal to 31.8% of the current share count, of which 5% are in the money at the current share price; the nearest expiry is September 2026. At the March 2026 quarter the company reported A$6.8M in available cash, covering 5.7 quarters at the reported cash-burn 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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31.8%
Max option dilution
4.7%
ITM option dilution
6
Raises · last 12 months
5.7 qtrs
Cash cover · over 4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 1.74B per ASX (delayed) (28 July 2026).
1.05B1.31B1.56BDec 24Sept 25July 26Cash raise · 29 May 2026Cash raise · 29 May 2026Cash raise · 13 Mar 2026Cash raise · 13 Mar 2026Cash raise · 3 Dec 2025Cash raise · 3 Dec 2025Cash raise · 30 Apr 2025

Cash runway

5.7 qtrs
More than four quarters of funding at the recent spend rate.
$6.8M 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
10 July 20262A · quoted issueANX : ORDINARY FULLY PAID1.74BAppendix 2A
30 June 20263H · cancellationANX : ORDINARY FULLY PAID1.74BAppendix 3H
25 June 20263G · unquotedANX : ORDINARY FULLY PAID1.74BAppendix 3G
25 June 20263H · cancellationANX : ORDINARY FULLY PAID1.74BAppendix 3H
12 June 20262A · quoted issueANX : ORDINARY FULLY PAID1.74BAppendix 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

7 cash raises in the last 24 months · 6 in the last 12 months

$6.0M
Placement
29 May 2026 COMPLETE
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

31.8%
Total overhang · of current shares
4.7%
In the money · at current price
553.7M
Potential new shares
Sept 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

DateDirectorTypeSharesOptionsValueSource
12 June 2026Nicholas JollyBuy2.9M—$100k3Y notice
25 May 2026Philip WarrenBuy4.3M—$100k3Y notice
25 May 2026Peter CordinBuy3.3M—$75k3Y 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

26 July 2026$PCommencement of Front-End Engineering Design at Whim Creek
21 July 2026Exploration Drilling Commenced at Whim Creek
10 July 2026Cleansing Notice
10 July 2026Application for quotation of securities - ANX
6 July 2026$PExploration and Resource growth drilling to commence
6 July 2026Change in substantial holding
1 July 2026Joint Company Secretary Update
30 June 2026Notification of cessation of securities - ANX
25 June 2026Notification regarding unquoted securities - ANX
25 June 2026Notification of cessation of securities - ANX
15 June 2026Change of Director's Interest Notice
15 June 2026Change in substantial holding
12 June 2026Placement Completed and Cleansing Notice
12 June 2026Application for quotation of securities - ANX
10 June 2026Appointment of experienced Chief Operating Officer
3 June 2026Initial Director's Interest Notice
3 June 2026Proposed issue of securities - ANX
3 June 2026$PPlacement to Accelerate Exploration & Director Appointment
31 May 2026$PTrading Halt
27 May 2026Becoming a substantial holder

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