Companies / AW1

AMERICAN WEST METALS LIMITED

ASX:AW1Materials
1.23B shares on issueASX (delayed) · as of 28 July 2026$0.033price · delayed$39.3Mmarket cap · indicative
D
Dilution grade

Share count grew 138% in 24 months; 9 cash raises in 24 months; options/rights overhang 50% of shares

Cash runway5.8 quarters of funding
Share-count growth (24m)137.5%
Raise cadence (24m)9 cash raises
Options & rights overhang50.0% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

AMERICAN WEST METALS LIMITED's ordinary share count grew 137.5% between June 2024 and June 2026, to 1.23B shares. The company raised capital nine times in that period for total disclosed proceeds of A$58.1M, most recently a A$10.0M placement in April 2026. Options and rights on issue could convert into 615M new shares, equal to 50.0% of the current share count, with 0% in the money at the current share price and the nearest expiry in November 2026. At the March 2026 quarter the company reported A$12.1M in available cash, about 5.8 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 28 July 2026
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50.0%
Max option dilution
0.0%
ITM option dilution
5
Raises · last 12 months
5.8 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 1.23B per ASX (delayed) (28 July 2026).
0.73B0.91B1.10BDec 24Sept 25July 26Cash raise · 29 Apr 2026Cash raise · 29 Apr 2026Cash raise · 13 Oct 2025Cash raise · 13 Oct 2025Cash raise · 8 Aug 2025Cash raise · 27 May 2025Cash raise · 22 May 2025Cash raise · 8 Apr 2025

Cash runway

5.8 qtrs
More than four quarters of funding at the recent spend rate.
$12.1M 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
30 June 20262A · quoted issueAW1 : ORDINARY FULLY PAID1.23BAppendix 2A
29 May 20263G · unquotedAW1 : ORDINARY FULLY PAID1.23BAppendix 3G
7 May 20262A · quoted issueAW1 : ORDINARY FULLY PAID1.23BAppendix 2A
7 Apr 20263H · cancellationAW1 : ORDINARY FULLY PAID1.01BAppendix 3H
4 Dec 20252A · quoted issueAW1 : ORDINARY FULLY PAID1.01BAppendix 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

9 cash raises in the last 24 months · 5 in the last 12 months

$10.0M
Placement
29 Apr 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

50.0%
Total overhang · of current shares
0.0%
In the money · at current price
615.3M
Potential new shares
Nov 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
25 Aug 2025John PrineasBuy239.9M375k—3Y notice
25 Aug 2025Daniel LougherBuy2.0M250k—3Y notice
24 June 2025John PrineasBuy750k500k—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

1 July 2026$PDrilling Success Continues at West Desert
30 June 2026Cleansing Statement
30 June 2026Application for quotation of securities - AW1
24 June 2026Results of General Meeting
23 June 2026$PStorm PFS and Activity Update
8 June 2026$PSignificant indium-zinc-gold discovery at West Desert
3 June 2026$PWest Desert Expands High-Grade Critical Metals Potential
29 May 2026Notification regarding unquoted securities - AW1
29 May 2026Proposed issue of securities - AW1
22 May 2026Notice of General Meeting/Proxy Form
12 May 2026Investor Webinar
11 May 2026$PDrilling to Be Expanded at West Desert
7 May 2026Cleansing Statement
7 May 2026Application for quotation of securities - AW1
4 May 2026RIU Conference Presentation
3 May 2026Proposed issue of securities - AW1
3 May 2026$PStategic Placement to Raise A$10 Million
29 Apr 2026$PTrading Halt
29 Apr 2026$PQuarterly Activities and Cashflow Report
28 Apr 2026$PThick interval of visual sulphides at West Desert

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