C29 METALS LIMITED
ASX:C29MaterialsToday’s holders own 97.8% of what they think they own, once every option and right converts.
Runway under 2 quarters; share count grew 29% in 24 months; 2 cash raises in 24 months
C29 METALS LIMITED's ordinary share count grew 28.6% between October 2024 and July 2026, its latest share-count filing, to 224M shares. In that period the company raised capital twice for total proceeds of A$3.4M, most recently a A$2.4M placement in August 2026. Options on issue could convert into 5M new shares, equal to 2.2% of the current share count, with none in the money; the nearest expiry falls in January 2028. The company has under 2 quarters of funding at the recent spend rate. One proposed securities issue (Appendix 3B) is pending, with an expected issue date in November 2026.
Quick answers · 5
Is C29 raising capital?
C29 Metals has 1 proposed issue of securities pending under Appendix 3B as at 28 Oct 2026; the most recent raise announced is Placement of $2.4M on 31 Aug 2026.
How much placement capacity does C29 have left?
None of the 15% placement capacity counted as used in the last 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.
How much cash does C29 have?
In its quarterly cash report for the quarter ended 30 Sept 2026, C29 Metals reported $219k of cash and estimated 0.6 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do C29's options expire?
Unexercised options and rights equal 2.2% of C29 Metals's shares on issue; the nearest expiry is Jan 2028.
How much has C29's share count grown?
C29 Metals has 224.0M shares on issue as at 28 Oct 2026, up 28.6% over 24 months according to its Appendix 2A filings.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 27 Oct 2026 | 3H · cancellation | C29 : ORDINARY FULLY PAID | 224.0M | Appendix 3H |
| 8 July 2026 | 2A · quoted issue | C29 : ORDINARY FULLY PAID | 224.0M | Appendix 2A |
| 7 May 2026 | 2A · quoted issue | C29 : ORDINARY FULLY PAID | 217.7M | Appendix 2A |
| 30 Jan 2026 | 3H · cancellation | C29 : ORDINARY FULLY PAID | 174.2M | Appendix 3H |
| 15 Dec 2025 | 3H · cancellation | C29 : ORDINARY FULLY PAID | 174.2M | Appendix 3H |
Securities on issue over time
Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.
Capital raises
2 cash raises in the last 24 months · 2 in the last 12 months
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 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
At $0.023 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 5× today’s price, which takes it to 5.0M (2.2% of shares).
- Priced supply in the money at the price on the axis — the curve, and the only thing on it. Ten prices, sampled: between two of them the true figure lies between the two.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| C29AJ | Options | Price-triggered | $0.11 | 29 Jan 2028 | 5.0M | 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. For what expires soon across other listed companies, see the options expiry calendar.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 2 Oct 2026 | Mr James Myers | Buy on-market | 2.0M | — | — | — | 3Y notice |
| 7 Aug 2026 | Mr James Myers | Buy on-market | 2.0M | 1.5M | — | — | 3Y notice |
| 7 July 2026 | Mr James Myers | Buy | 6.3M | 1.5M | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.