Companies / CY5

CYGNUS METALS LIMITED

ASX:CY5Materials
1.23B shares on issueASX (delayed) · as of 28 July 2026$0.14price · delayed$165.7Mmarket cap · indicative
D
Dilution grade

Share count grew 235% in 24 months; runway 2–4 quarters; 5 cash raises in 24 months

Cash runway3.6 quarters of funding
Share-count growth (24m)235.1%
Raise cadence (24m)5 cash raises
Options & rights overhang7.5% of shares
In-the-money supply0.6% of shares
Pending proposed issuesnone

CYGNUS METALS LIMITED's ordinary share count grew 235.1% between July 2024 and July 2026, to 1.23B shares. The company raised capital five times in that 24-month window for total disclosed proceeds of A$79.4M, most recently a A$25.0M placement in March 2026. Options and rights on issue could convert into 92M new shares, equal to 7.5% of the current share count, of which 1% are in the money; the nearest expiry is August 2026. At the June 2026 quarter the company reported A$23.5M in available cash, about 3.6 quarters of funding at its recent spending rate. No proposed securities issues (Appendix 3B) are currently pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
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7.5%
Max option dilution
0.6%
ITM option dilution
3
Raises · last 12 months
3.6 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 1.23B per ASX (delayed) (28 July 2026).
0.63B0.85B1.07BDec 24Sept 25July 26Cash raise · 10 Mar 2026Cash raise · 10 Mar 2026Cash raise · 28 Aug 2025Cash raise · 17 June 2025

Cash runway

3.6 qtrs
Two to four quarters of funding at the recent spend rate.
$23.5M 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
20 July 20262A · quoted issueCY5 : ORDINARY FULLY PAID1.23BAppendix 2A
14 July 20262A · quoted issueCY5 : ORDINARY FULLY PAID1.23BAppendix 2A
15 June 20262A · quoted issueCY5 : ORDINARY FULLY PAID1.22BAppendix 2A
15 June 20262A · quoted issueCY5 : ORDINARY FULLY PAID1.22BAppendix 2A
1 June 20263H · cancellationCY5 : ORDINARY FULLY PAID1.22BAppendix 3H
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

5 cash raises in the last 24 months · 3 in the last 12 months

$25.0M
Placement
10 Mar 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

7.5%
Total overhang · of current shares
0.6%
In the money · at current price
92.4M
Potential new shares
Aug 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
20 May 2026Raymond ShorrocksBuy50k—$6k3Y notice
5 May 2026Raymond ShorrocksBuy17k—$2k3Y notice
1 May 2026Raymond ShorrocksBuy40k—$5k3Y 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 2026Granting of ASX Waiver
22 July 2026$PTOV: CY5 - Panel Receives Application
20 July 2026Application for quotation of securities - CY5
14 July 2026Cleansing Notice
14 July 2026Application for quotation of securities - CY5
10 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
15 June 2026Cleansing Notice
15 June 2026Application for quotation of securities - CY5
15 June 2026Application for quotation of securities - CY5
3 June 2026Becoming a substantial holder
2 June 2026$PCygnus enters into Scheme Implementation Deed
1 June 2026$PTrading Halt
1 June 2026Notification of cessation of securities - CY5
27 May 2026Securities Trading Policy
27 May 2026Change of Director's Interest Notice
24 May 2026$PHigh-Grade Golden Eye Results
15 May 2026Management's Discussion and Analysis Q1 2026
15 May 2026Unaudited Consolidated Interim Financial Report Q1 2026
3 May 2026Constitution
1 May 2026Results of Annual General Meeting

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