GROUP 6 METALS LIMITED
ASX:G6MMaterialsToday’s holders own 99.0% of what they think they own, once every option and right converts.
Share count grew 2367% in 24 months; 2 cash raises in 24 months; 0% of shares in the money
Between March 2024 and July 2026, its latest share-count filing, the company's share count rose 2366.6% (adjusted for a 1-for-100 share consolidation in August 2025) to 248M shares. Two capital raisings in the past 24 months raised a total A$5.9M, most recently a May 2025 placement, debt-for-equity swap and supplier shares. Options on issue could convert into 2M new shares, equal to 1.0% of current shares, with the nearest expiry in April 2027, and none are in the money. The latest quarterly cash report for June 2026 shows non-negative net cash flow, so no funding-runway figure applies. No proposed securities issues are pending.
Quick answers · 3
When did G6M last raise capital?
The last capital raise in Group 6 Metals's filings is Multiple (Placement, Debt for Equity Swap, Supplier Shares) of $5.9M announced 2 May 2025, one of 1 cash raises in 24 months.
How much placement capacity does G6M have left?
About 99% of the 15% placement capacity left, about 1% used in 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.
When do G6M's options expire?
Unexercised options and rights equal 1% of Group 6 Metals's shares on issue; the nearest expiry is Apr 2027.
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 |
|---|---|---|---|---|
| 1 Oct 2026 | 3H · cancellation | G6M : ORDINARY FULLY PAID | 247.7M | Appendix 3H |
| 29 Sept 2026 | 3G · unquoted | G6M : ORDINARY FULLY PAID | 247.7M | Appendix 3G |
| 28 July 2026 | 2A · quoted issue | G6M : ORDINARY FULLY PAID | 247.7M | Appendix 2A |
| 20 July 2026 | 2A · quoted issue | G6M : ORDINARY FULLY PAID | 247.6M | Appendix 2A |
| 20 July 2026 | 2A · quoted issue | G6M : ORDINARY FULLY PAID | 247.6M | Appendix 2A |
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
1 cash raise in the last 24 months · 0 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
- Price-triggered970k · 0.4% of sharesOptions and warrants — they convert when the share price clears their exercise price.
- Condition-triggered1.5M · 0.6% of sharesPerformance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
Exercise price on record: 930k priced (of which 760k in the money), 40k at a stated nil price, 1.5M where the filing never states one. A security with no exercise price is never counted in the money — nothing is paid to convert it, so there is no price for it to be above.
Each figure is the filing’s own count of securities, not a share count — a 2A never states what one security converts into.
At $2.37 today, 760k securities are in the money (0.3% of shares on issue) — a floor, because an exercise price is on record for only 38.6% of this supply. No more priced supply until 10× today’s price, which takes it to 930k (0.4% 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.
- 40k (1.6% of the supply above) states a nil exercise price — nothing is paid to convert it, so no share price switches it on or off. It is the flat band, and it is not part of the in-the-money figure.
- 1.5M (60.4% of the supply above) states no exercise price at all. It cannot be called in or out of the money at any price, which is why it is hatched rather than plotted.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| G6MAR | Options | Price-triggered | $0.52 | 30 Apr 2027 | 380k | Filing |
| G6MAQ | Options | Price-triggered | $1.04 | 30 Apr 2028 | 380k | Filing |
| G6MAU | Options | Price-triggered | Nil | 19 July 2028 | 40k | Filing |
| G6MAV | Performance rights | Condition-triggered | — | — | 1.5M | Filing Meeting |
| G6MAI | Warrants | Price-triggered | $19.60 | — | 170k | 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.
A condition-triggered class has no exercise price and usually no expiry: what it vests on is set by a shareholder resolution, not by the register. Where the company lodged a notice of meeting before the class first appears here, it is linked as “Meeting” — that is where terms of this kind are put to shareholders. It is not confirmation that the document sets this class’s conditions, and no link appears where there is no such filing.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 1 Oct 2026 | Christopher ELLIS | Sell | 63.2M | — | — | — | 3Y notice |
| 18 Aug 2026 | Dale Elphinstone | Sell on-market | — | — | — | $65k | 3Y notice |
| 10 June 2026 | Christopher ELLIS | Sell | 63.2M | 70k | 121k | — | 3Y notice |
| 10 June 2026 | Dale Elphinstone | Sell | 57.4M | — | 134k | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.