Companies / ARU

ARAFURA RARE EARTHS LTD

ASX:ARUMaterials
6.07B shares on issueASX (delayed) · as of 28 July 2026$0.20price · delayed$1.18Bmarket cap · indicative
C
Dilution grade

Share count grew 163% in 24 months; 12 cash raises in 24 months; proposed issue pending

Cash runway103.4 quarters of funding
Share-count growth (24m)162.8%
Raise cadence (24m)12 cash raises
Options & rights overhang0.9% of shares
In-the-money supply0.0% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)
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0.9%
Max option dilution
0.0%
ITM option dilution
10
Raises · last 12 months
103.4 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 6.07B per ASX (delayed) (28 July 2026).
3.22B4.27B5.31BDec 24Sept 25July 26Cash raise · 3 June 2026Cash raise · 21 May 2026Cash raise · 12 May 2026Cash raise · 11 May 2026Cash raise · 8 Apr 2026Cash raise · 10 Mar 2026Cash raise · 27 Oct 2025Cash raise · 27 Oct 2025Cash raise · 15 Aug 2025Cash raise · 15 Aug 2025

Cash runway

103.4 qtrs
More than four quarters of funding at the recent spend rate.
$1.14B 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
13 July 20262A · quoted issueARU : ORDINARY FULLY PAID6.07BAppendix 2A
8 July 20262A · quoted issueARU : ORDINARY FULLY PAID6.03BAppendix 2A
7 July 20263G · unquotedORDINARY FULLY PAID5.36BAppendix 3G
7 July 20263H · cancellationARU : ORDINARY FULLY PAID5.36BAppendix 3H
29 May 20262A · quoted issueARU : ORDINARY FULLY PAID5.36BAppendix 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

12 cash raises in the last 24 months · 10 in the last 12 months

$361.5M
Placement (two-tranche) + Share Purchase Plan (SPP)
3 June 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

1 proposed issue pending — Appendix 3B lodged, securities not yet issued. New shares from these issues are not in the counts above until quoted.
Paid plan
Pending issue detail
Size, price, fees, broker and placement-capacity usage for each pending issue.
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Options & convertible securities

0.9%
Total overhang · of current shares
0.0%
In the money · at current price
53.3M
Potential new shares
—
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
13 July 2026Mark SoutheyBuy115k——3Y notice
13 July 2026Ian MurrayBuy115k——3Y notice
15 Dec 2025Roger John HigginsBuy107k——3Y 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

15 July 2026Change in substantial holding
14 July 2026Change of Directors' Interest Notices
13 July 2026Change in substantial holding
13 July 2026Application for quotation of securities - ARU
13 July 2026Share Purchase Plan Results
8 July 2026Cleansing Notice
8 July 2026Application for quotation of securities - ARU
8 July 2026Completion of Tranche 2 Placement
7 July 2026Chief Financial Officer Transition
7 July 2026Notification of cessation of securities - ARU
7 July 2026Notification regarding unquoted securities - ARU
2 July 2026Results of General Meeting
29 June 2026Business and Offtake Update
25 June 2026General Meeting details
17 June 2026$PClarification- Project Economics
4 June 2026Ceasing to be a substantial holder
3 June 2026Notice of General Meeting Information
3 June 2026Notice of General Meeting/Proxy Form
3 June 2026SPP Opens and Despatch of Notice of Meeting
3 June 2026Share Purchase Plan Prospectus

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