Companies / GLN

GALAN LITHIUM LIMITED

ASX:GLNMaterials
1.27B shares on issueAppendix 2A · as of 24 July 2026$0.29price · delayed$367.2Mmarket cap · indicative
D
Dilution grade

Share count grew 159% in 24 months; 16 cash raises in 24 months; runway 4–8 quarters

Cash runway4.1 quarters of funding
Share-count growth (24m)159.1%
Raise cadence (24m)16 cash raises
Options & rights overhang14.5% of shares
In-the-money supply7.3% of shares
Pending proposed issuesnone

GALAN LITHIUM LIMITED's ordinary share count grew 159.1% between July 2024 and July 2026, to 1.27B shares. The company raised capital 16 times in that period for total disclosed proceeds of A$137.1M, most recently a A$41.0M placement in January 2026. Options and rights on issue could convert into 184M new shares, equal to 14.5% of the current share count, of which 7% are in the money at the current share price; the nearest expiry is November 2027. At the March 2026 quarter the company reported A$30.8M in available cash, about 4.1 quarters of funding 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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14.5%
Max option dilution
7.3%
ITM option dilution
2
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 1.27B per Appendix 2A (24 July 2026).
0.85B1.00B1.15BDec 24Sept 25July 26Cash raise · 26 Jan 2026Cash raise · 31 July 2025Cash raise · 19 June 2025Cash raise · 9 Apr 2025Cash raise · 28 Mar 2025Cash raise · 28 Mar 2025Cash raise · 28 Feb 2025Cash raise · 28 Feb 2025Cash raise · 30 Jan 2025Cash raise · 30 Jan 2025Cash raise · 27 Dec 2024Cash raise · 27 Dec 2024

Cash runway

4.1 qtrs
More than four quarters of funding at the recent spend rate.
$30.8M available cash at quarter ended 31 Mar 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 31 Mar 2026.
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Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityTotal on issue afterSource
24 July 20262A · quoted issueGLN : ORDINARY FULLY PAID1.27BAppendix 2A
22 July 20263H · cancellationGLN : ORDINARY FULLY PAID1.27BAppendix 3H
19 July 20262A · quoted issueGLN : ORDINARY FULLY PAID1.27BAppendix 2A
10 July 20262A · quoted issueGLN : ORDINARY FULLY PAID1.26BAppendix 2A
5 July 20262A · quoted issueGLN : ORDINARY FULLY PAID1.26BAppendix 2A
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

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

$41.0M
Placement
26 Jan 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

14.5%
Total overhang · of current shares
7.3%
In the money · at current price
184.0M
Potential new shares
Nov 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
21 July 2026Ofer AmirBuy2.0M—$590k3Y notice
21 July 2026Ofer AmirBuy1.0M—$296k3Y notice
18 July 2026Terry GardinerSell—200k—3Y 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

24 July 2026Change of Director's Interest Notices
24 July 2026Application for quotation of securities - GLN
22 July 2026Notification of cessation of securities - GLN
21 July 2026Change of Director's Interest Notice
19 July 2026Secondary Trading Notice
19 July 2026Application for quotation of securities - GLN
10 July 2026Secondary Trading Notice
10 July 2026Application for quotation of securities - GLN
5 July 2026Secondary Trading Notice
5 July 2026Application for quotation of securities - GLN
30 June 2026Application for quotation of securities - GLN
28 June 2026Secondary Trading Notice
28 June 2026Application for quotation of securities - GLN
19 June 2026Secondary Trading Notice
19 June 2026Application for quotation of securities - GLN
19 June 2026Change of Director's Interest Notice
18 June 2026Change of Auditor
16 June 2026Upcoming Expiry of Unlisted Options
11 June 2026Secondary Trading Notice
8 June 2026Application for quotation of securities - GLN

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