Companies / GNM

GREAT NORTHERN MINERALS LIMITED

ASX:GNMMaterials
493.6M shares on issueASX (delayed) · as of 28 July 2026$0.042price · delayed$21.2Mmarket cap · indicative
D
Dilution grade

Share count grew 209% in 24 months; 3 cash raises in 24 months; options/rights overhang 101% of shares

Cash runway7.7 quarters of funding
Share-count growth (24m)209.2%
Raise cadence (24m)3 cash raises
Options & rights overhang100.7% of shares
In-the-money supply35.8% of shares
Pending proposed issuesnone

GREAT NORTHERN MINERALS LIMITED's ordinary share count grew 209.2% between August 2025 and July 2026, to 494M shares. The company raised capital three times in the 24-month window for total disclosed proceeds of A$5.4M, most recently a A$2.6M placement in August 2025. Options and rights on issue could convert into 497M new shares, equal to 100.7% of the current share count, of which 36% are in the money; the nearest expiry is October 2027. At the March 2026 quarter the company reported A$2.2M in available cash, equal to 7.7 quarters of cover. 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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100.7%
Max option dilution
35.8%
ITM option dilution
3
Raises · last 12 months
7.7 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 493.6M per ASX (delayed) (28 July 2026).
484.3M487.7M491.1MOct 25Mar 26July 26

Cash runway

7.7 qtrs
More than four quarters of funding at the recent spend rate.
$2.2M 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
17 July 20262A · quoted issueGNM : ORDINARY FULLY PAID493.6MAppendix 2A
24 Apr 20263G · unquotedGNM : ORDINARY FULLY PAID485.6MAppendix 3G
24 Apr 20262A · quoted issueGNM : ORDINARY FULLY PAID489.6MAppendix 2A
24 Apr 20262A · quoted issueGNM : ORDINARY FULLY PAID487.6MAppendix 2A
3 Mar 20262A · quoted issueGNM : ORDINARY FULLY PAID485.6MAppendix 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

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

$2.6M
Placement
19 Aug 2025 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

100.7%
Total overhang · of current shares
35.8%
In the money · at current price
496.9M
Potential new shares
Oct 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
20 Feb 2026Ariel (Eddie) KingOther1.3M—$45k3Y notice
12 Nov 2025Steven FormicaOther—7.4M$7k3Y notice
12 Nov 2025Ariel (Eddie) KingOther—2.1M$2k3Y 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

17 July 2026Notice Under Section 708A
17 July 2026Application for quotation of securities - GNM
9 July 2026$PNew IP Targets Defined at Iron Butte Gold-Silver Project
22 June 2026Completion of Drone Magnetic Survey at Iron Butte
11 June 2026$PReinstatement to Quotation
11 June 2026$PMineral Resource of 480,000 Oz Au&11.5m Oz Ag at Iron Butte
10 June 2026$PSuspension from Quotation
8 June 2026$PTrading Halt
27 May 2026Field Crew Mobilised for Douglas Creek DDIP Survey
25 May 2026$PSignificant Expansion of Iron Butte Gold-Silver Project
19 May 2026Corporate Presentation
10 May 2026$PNew Drill Targets Expand Potential at Iron Butte
30 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
24 Apr 2026Notice Under Section 708A
24 Apr 2026Notification regarding unquoted securities - GNM
24 Apr 2026Application for quotation of securities - GNM
24 Apr 2026Application for quotation of securities - GNM
19 Apr 2026$P40m Wide Antimony Vein Over 1.25km with Drill Targets
14 Apr 2026$PAcquisition of Advanced Gold-Silver Project in Nevada
12 Apr 2026$PTrading Halt

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