BLACK BEAR MINERALS LIMITED
ASX:BKBMaterialsToday’s holders own 87.6% of what they think they own, once every option and right converts.
Runway 2–4 quarters; share count grew 17% in 24 months; 2 cash raises in 24 months; since relisting as BKB; prior history under JBY not included
BLACK BEAR MINERALS LIMITED's ordinary share count grew 17.2% between December 2025 and September 2026, to 174M shares. The company raised capital twice in the past 24 months for total disclosed proceeds of A$42.5M, most recently a A$12.5M placement in August 2026. Options and rights on issue could convert into 25M new shares, equal to 14.2% of the current share count, with none currently in the money; no expiry date is filed on record for these securities. At the June 2026 quarter the company reported A$14.7M in available cash, about 3.9 quarters of funding at its recent spending rate. One proposed securities issue (Appendix 3B) is pending, with an expected issue date in November 2026.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 3 Sept 2026 | 2A · quoted issue | BKB : ORDINARY FULLY PAID | 174.3M | Appendix 2A |
| 20 Aug 2026 | 3G · unquoted | ORDINARY FULLY PAID | 152.4M | Appendix 3G |
| 23 Feb 2026 | 2A · quoted issue | BKB : ORDINARY FULLY PAID | 152.4M | Appendix 2A |
| 3 Feb 2026 | 2A · quoted issue | BKB : ORDINARY FULLY PAID | 150.4M | Appendix 2A |
| 16 Jan 2026 | 2A · quoted issue | BKB : ORDINARY FULLY PAID | 149.9M | Appendix 2A |
Capital raises
2 cash raises in the last 24 months · 2 in the last 12 months · counted since relisting as BKB (17 Nov 2025); prior history under JBY is not included
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 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 24.7M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| BKBAD | Performance rights | Condition-triggered | — | — | 24.7M | 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.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 23 Feb 2026 | Matthew Hayes | Other incentive | 2.0M | — | — | — | 3Y notice |
| 19 Nov 2025 | Matthew Hayes | Buy | 769k | — | 4.0M | $500k | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.