Companies / C29

C29 METALS LIMITED

ASX:C29Materials
224.0M shares on issueASX (delayed) · snapshot 11 Sept 2026231.0M fully diluted+3.1% if every option and right converts$0.023price · delayed$5.2Mmarket cap · indicative

Today’s holders own 97.0% of what they think they own, once every option and right converts.

Moderate
Dilution risk

Share count grew 60% in 24 months; 3 cash raises in 24 months; runway 4–8 quarters

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway4.1 quarters of funding
Share-count growth (24m)60.4%
Raise cadence (24m)3 cash raises
Options & rights overhang3.1% of shares
In-the-money supply0.0% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

C29 METALS LIMITED's ordinary share count grew 60.4% between May 2024 and July 2026, reaching 224M shares. The company completed three capital raises in the past 24 months, totalling A$8.1M, with the latest being a A$2.4M placement in August 2026. There are options on issue representing 7M shares, or 3.1% of the current share count, with the nearest expiry in October 2026. At June 2026, the company held A$2.5M in cash, sufficient for approximately 4.1 quarters of operations. One proposed securities issue (Appendix 3B) is pending, with an expected issue date of November 2026.

AI-generated summary of this page's cited filings · updated 9 Sept 2026
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3.1%
Options & rights overhang
0.0%
In-the-money supply
3
Raises · last 12 months
4.1 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 224.0M per ASX (delayed) (snapshot 11 Sept 2026).
175M200M225MDec 24Oct 25Sept 26Cash raise · 31 Aug 2026Cash raise · 30 June 2026Cash raise · 27 Apr 2026224.0M

Cash runway

4.1 qtrs
More than four quarters of funding at the recent spend rate.
Funds operations to about June 2027 at the reported spend rate.
$2.5M cash after burn from the quarter ended 30 June 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds. Filed with the quarterly report: $537k cash at quarter end (item 4.6), 1.3 qtrs of funding on the company’s own estimate. Our figure above carries the filed quarter-end balance forward at the reported spend rate and adds announced raise proceeds.
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11 quarters on record — 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)

DateFormSecurityOn issue, per this filingSource
7 July 20262A · quoted issueC29 : ORDINARY FULLY PAID224.0MAppendix 2A
6 May 20262A · quoted issueC29 : ORDINARY FULLY PAID217.7MAppendix 2A
29 Jan 20263H · cancellationC29 : ORDINARY FULLY PAID174.2MAppendix 3H
15 Dec 20253H · cancellationC29 : ORDINARY FULLY PAID174.2MAppendix 3H
19 Nov 20253H · cancellationC29 : ORDINARY FULLY PAID174.2MAppendix 3H
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13 filings on record — 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 · 3 in the last 12 months

every 2.1 monthsaverage gap between raises
0.4 monthssince the most recent
27 Apr 2026 – 31 Aug 2026first to most recent in this window
$2.4M
Placement
31 Aug 2026 ACTIVE
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4 raises on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
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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.

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3 dated events on record — Forward supply calendar
Option expiries and proposed issues on one forward timeline, with the securities each could add.
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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.

No 15% placement capacity left — all of it used by Appendix 3B filings in the last 12 months (estimate, as at 2026-09-12). Holder-approved issues and any later ratification are not deducted, so the true headroom can be higher.
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Placement capacity — LR 7.1 / 7.1A
The filings behind the figure: every Appendix 3B in the window with what it says was issued under 7.1 and 7.1A, each row linked to its filing, and how many shares are left.
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Pending proposed issues

1 proposed issue pending — Appendix 3B lodged, securities not yet issued. New shares from these issues are not in the counts above until quoted.
Paid plan
1 pending issue on record — Pending issue detail
Size, price, fees, broker and placement-capacity usage for each pending issue.
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Options & convertible securities

3.1%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
7.0M
Potential new shares
Oct 2026
Nearest expiry
What a price move would switch on
3.5M7.0M$0.023 now0.25× today ($0.006) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.011) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.017) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.023) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.029) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.035) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.046) — 0 of the priced supply in the money, 0.0% of shares on issue3× today ($0.069) — 0 of the priced supply in the money, 0.0% of shares on issue5× today ($0.115) — 5.0M of the priced supply in the money, 2.2% of shares on issue10× today ($0.230) — 5.0M of the priced supply in the money, 2.2% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

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.
  • 2.0M more carries an exercise price above ten times today’s — off the right of this axis, and in every total on this page.
CodeSecurityTypeExercise priceExpiryOn issueSource
C29AFOptionsPrice-triggered$0.2526 Oct 20262.0MFiling
C29AJOptionsPrice-triggered$0.1129 Jan 20285.0MFiling

“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.

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2 option lines on record — In-the-money value & price ladder
What each line is worth in the money today, the price ladder to the next tranche that converts, and the filing description behind every code.
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Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
7 Aug 2026Mr James MyersBuy on-market2.0M1.5M——3Y notice
7 July 2026Mr James MyersBuy6.3M1.5M——3Y notice
13 May 2026Mr James MyersBuy on-market2.3M1.5M——3Y notice
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14 notices on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

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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

30 Aug 2026Proposed issue of securities - C29
30 Aug 2026$PBinding Commitments to Raise $2,400,000
10 Aug 2026Change of Director's Interest Notice
31 July 2026Change of Company Offices
30 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
27 July 2026Divestment of Non-Core Mayfield Project
8 July 2026Initial Director's Interest Notice
8 July 2026Final Director's Interest Notice
8 July 2026$PResignation of Managing Director Shannon Green
7 July 2026Change in substantial holding
7 July 2026Change of Director's Interest Notice
7 July 2026Cleansing Notice
7 July 2026Application for quotation of securities - C29
1 July 2026Cancel - Proposed issue of securities - C29
1 July 2026$PUpdate on Cancun Transaction and Capital Raising
30 June 2026$PTrading Halt
30 June 2026$PPause in Trading
24 June 2026Results of Meeting
25 May 2026Letter to Shareholders
25 May 2026Notice of Extraordinary General Meeting/Proxy Form

Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.