Companies / BTM

BREAKTHROUGH MINERALS LIMITED

ASX:BTMEnergy
194.0M shares on issueASX (delayed) · as of 28 July 2026$0.16price · delayed$30.1Mmarket cap · indicative
D
Dilution grade

Share count grew 367% in 24 months; runway 2–4 quarters; 2 cash raises in 24 months

Cash runway3.1 quarters of funding
Share-count growth (24m)366.7%
Raise cadence (24m)2 cash raises
Options & rights overhang17.1% of shares
In-the-money supply2.7% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

BREAKTHROUGH MINERALS LIMITED's ordinary share count grew 366.7% between December 2024 and May 2026, to 194M shares. The company raised capital twice in that period for total disclosed proceeds of A$1.7M, most recently A$1.2M in June 2025. Options and rights on issue could convert into 33M new shares, equal to 17.1% of the current share count, of which 3% are in the money at the current share price; the nearest expiry is December 2027. At the June 2026 quarter the company reported A$5.0M in available cash, covering about 3.1 quarters 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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17.1%
Max option dilution
2.7%
ITM option dilution
0
Raises · last 12 months
3.1 qtrs
Cash cover · 2–4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 194.0M per ASX (delayed) (28 July 2026).
71.0M116.2M161.3MDec 24Oct 25July 26Cash raise · 10 June 2025Cash raise · 17 Feb 2025

Cash runway

3.1 qtrs
Two to four quarters of funding at the recent spend rate.
$5.0M 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
11 May 20263G · unquotedBTM : ORDINARY FULLY PAID164.6MAppendix 3G
11 May 20262A · quoted issueBTM : ORDINARY FULLY PAID194.0MAppendix 2A
25 Mar 20262A · quoted issueBTM : ORDINARY FULLY PAID164.6MAppendix 2A
25 Mar 20263G · unquotedBTM : ORDINARY FULLY PAID123.1MAppendix 3G
10 Mar 20263G · unquotedBTM : ORDINARY FULLY PAID123.1MAppendix 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

2 cash raises in the last 24 months · 0 in the last 12 months

$1.2M
Capital raise
10 June 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

17.1%
Total overhang · of current shares
2.7%
In the money · at current price
33.1M
Potential new shares
Dec 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
17 Mar 2026Nigel BroomhamBuy125k—$22k3Y notice
5 Jan 2026Will DixBuy167k—$25k3Y notice
5 Jan 2026Graeme RobertsonBuy667k301k$100k3Y 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

28 July 2026Results of Meeting
23 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
7 July 2026$PDrilling Commences at Turpentine Copper-Gold Deposit
30 June 2026Appointment of Joint Company Secretary
25 June 2026Notice of General Meeting/Proxy Form
3 June 2026$PHigh-Grade Copper in Barbara Confirms Growth Potential
12 May 2026Becoming a substantial holder
12 May 2026Becoming a substantial holder
11 May 2026Application for quotation of securities - BTM
11 May 2026Notification regarding unquoted securities - BTM
11 May 2026Cleansing Notice
4 May 2026RIU Sydney 2026 - Corporate Presentation
3 May 2026Proposed issue of securities - BTM
3 May 2026Proposed issue of securities - BTM
3 May 2026$P$5m Placement to Drive Resource Growth at NQCG Project
29 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
29 Apr 2026$PTrading Halt
28 Apr 2026$PBTM Enters Non-Binding MOU for Sale of Mt Colin Mining Camp
19 Apr 2026$PDrilling Commences at Barbara Copper-Gold Project
25 Mar 2026Cleansing Notice

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