Companies / AVM

ADVANCE METALS LIMITED

ASX:AVMMaterials
485.4M shares on issueASX (delayed) · as of 28 July 2026$0.064price · delayed$31.1Mmarket cap · indicative
F
Dilution grade

Runway under 2 quarters; share count grew 303% in 24 months; 3 cash raises in 24 months

Cash runway1.1 quarters of funding
Share-count growth (24m)303.4%
Raise cadence (24m)3 cash raises
Options & rights overhang75.9% of shares
In-the-money supply17.8% of shares
Pending proposed issuesnone

ADVANCE METALS LIMITED's ordinary share count grew 303.4% between June 2024 and May 2026, to 485M shares. The company raised capital three times in that period for total disclosed proceeds of A$17.1M, most recently A$13.0M in September 2025. Options and rights on issue could convert into 368M new shares, equal to 75.9% of the current share count, of which 18% are in the money at the current share price; the nearest expiry is February 2027. At the June 2026 quarter the company reported A$3.4M in available cash, about 1.1 quarters of funding at its recent spending rate. No proposed securities issues (Appendix 3B) are pending.

AI-generated summary of this page's cited filings · updated 27 July 2026
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75.9%
Max option dilution
17.8%
ITM option dilution
1
Raises · last 12 months
1.1 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 485.4M per ASX (delayed) (28 July 2026).
235.0M326.9M418.8MDec 24Sept 25July 26Cash raise · 30 Sept 2025Cash raise · 29 Apr 2025Cash raise · 7 Feb 2025

Cash runway

1.1 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$3.4M available cash at quarter ended 30 June 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 30 June 2026.
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Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityTotal on issue afterSource
22 May 20262A · quoted issueAVM : ORDINARY FULLY PAID485.4MAppendix 2A
18 Mar 20262A · quoted issueAVM : ORDINARY FULLY PAID478.8MAppendix 2A
11 Mar 20263G · unquotedAVM : ORDINARY FULLY PAID471.0MAppendix 3G
23 Feb 20263G · unquotedAVM : ORDINARY FULLY PAID471.0MAppendix 3G
3 Feb 20263G · unquotedAVM : ORDINARY FULLY PAID471.0MAppendix 3G
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 · 1 in the last 12 months

$13.0M
Capital raise
30 Sept 2025
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

75.9%
Total overhang · of current shares
17.8%
In the money · at current price
368.3M
Potential new shares
Feb 2027
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
5 Jan 2026Adam Robert McKinnonOther3.4M——3Y notice
29 Dec 2025David O'ConnorOther———3Y notice
16 Oct 2025Fadi DiabOther7.5M——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

26 July 2026$PQuarterly Activity and Cashflow Report
22 July 2026JMM Noosa Investor Lunch Presentation
17 July 2026Ceasing to be a substantial holder
13 July 2026$PStrong Ag-Au-Cu Results from Third Gavilanes Drill Hole
5 July 2026$PMyrtleford and Beaufort Gold Exploration Update
30 June 2026$PBroad Ag-Cu-Au Intersections in Drilling at Gavilanes
5 June 2026First Gavilanes Hole Intersects High-Grade Silver - Amended
3 June 2026$PFirst Gavilanes Hole Intersects High Grade Silver Zone
29 May 2026Results of Meeting
22 May 2026Cleansing Notice
22 May 2026Application for quotation of securities - AVM
20 May 2026Proposed issue of securities - AVM
20 May 2026$PAdvance moves to 100% ownership of Victorian Gold Projects
5 May 2026$PDrilling commences at the Gavilanes Silver Project
29 Apr 2026$PQuarterly Activity and Cashflow Report
28 Apr 2026Annual General Meeting - Letter to Shareholders
28 Apr 2026Notice of Annual General Meeting/Proxy Form
9 Apr 2026Investor Presentation
8 Apr 2026Investor Webinar
7 Apr 2026$P33Moz AgEq JORC Mineral Resource for Yoquivo

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