Companies / HIO

HAWSONS IRON LTD

ASX:HIOMaterials
1.38B shares on issueASX (delayed) · snapshot 11 Sept 20261.65B fully diluted+20.1% if every option and right converts$0.010price · delayed$13.8Mmarket cap · indicative

Today’s holders own 83.3% of what they think they own, once every option and right converts.

High
Dilution risk

Runway under 2 quarters; share count grew 36% in 24 months; 5 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway1.9 quarters of funding
Share-count growth (24m)35.6%
Raise cadence (24m)5 cash raises
Options & rights overhang20.1% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

HAWSONS IRON LTD's ordinary share count grew 35.6% between July 2024 and August 2026, reaching 1.38B shares. The company raised capital five times in the past 24 months for total disclosed proceeds of A$8.2M, with the most recent being a A$1.2M Security Purchase Plan in July 2026. Options and rights on issue could convert into 276M new shares, representing 20.1% of the current share count, with the nearest expiry in December 2027. As of the June 2026 quarter, the company reported A$1.2M in available cash, sufficient for approximately 1.9 quarters of operations. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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20.1%
Options & rights overhang
0.0%
In-the-money supply
2
Raises · last 12 months
1.9 qtrs
Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 1.38B per ASX (delayed) (snapshot 11 Sept 2026).
1.0B1.2B1.4BDec 24Oct 25Sept 26Cash raise · 31 July 2026Cash raise · 28 Jan 2026Cash raise · 16 July 2025Cash raise · 12 June 2025Cash raise · 5 June 20251.38B

Cash runway

1.9 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
Funds operations to about Dec 2026 at the reported spend rate.
$1.2M 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: $498k cash at quarter end (item 4.6), 0.8 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
24 Aug 20262A · quoted issueHIO : ORDINARY FULLY PAID1.38BAppendix 2A
24 Aug 20263G · unquotedHIO : ORDINARY FULLY PAID1.27BAppendix 3G
20 Aug 20263H · cancellationHIO : ORDINARY FULLY PAID1.27BAppendix 3H
7 May 20262A · quoted issueHIO : ORDINARY FULLY PAID1.27BAppendix 2A
7 May 20263G · unquotedORDINARY FULLY PAID1.26BAppendix 3G
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24 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

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

every 3.5 monthsaverage gap between raises
1.4 monthssince the most recent
5 June 2025 – 31 July 2026first to most recent in this window
$1.2M
Security Purchase Plan
31 July 2026 COMPLETE
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5 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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2 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.

About 11% of the 15% placement capacity left — about 89% 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

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

20.1%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
276.5M
Potential new shares
Dec 2027
Nearest expiry
What a price move would switch on
138.2M276.5M$0.010 now0.25× today ($0.003) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.005) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.007) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.010) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.013) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.015) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.020) — 103.6M of the priced supply in the money, 7.5% of shares on issue3× today ($0.030) — 253.8M of the priced supply in the money, 18.4% of shares on issue5× today ($0.050) — 253.8M of the priced supply in the money, 18.4% of shares on issue10× today ($0.100) — 253.8M of the priced supply in the money, 18.4% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.010 today, 0 securities are in the money (0.0% of shares on issue). At double today’s price it is 103.6M (7.5% 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.
  • 22.7M (8.2% 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.
CodeSecurityTypeExercise priceExpiryOn issueSource
—OptionsPrice-triggered$0.01531 Dec 2027103.6MFiling
HIOACOptionsPrice-triggered$0.0286 Feb 2029150.1MFiling
HIOAAOptionsPrice-triggered——22.7MFiling

“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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3 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
25 Aug 2026Jeremy KirkwoodBuy entitlement/SPP2.7M8.1M—$30k3Y notice
25 Aug 2026Meredith CampionBuy entitlement/SPP1.8M——$20k3Y notice
25 Aug 2026Paul CholakosBuy entitlement/SPP2.7M——$30k3Y notice
25 Aug 2026Tom RevyBuy entitlement/SPP909k——$10k3Y notice
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16 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

4 Sept 2026$PRevised - Elutriation Testwork Results
2 Sept 2026$PElutriation Testwork Results
1 Sept 20262026 AGM and closing date for Director nominations
26 Aug 2026Appendix 4G
26 Aug 2026FY2026 Corporate Governance Statement
26 Aug 2026FY2026 Annual Report
24 Aug 2026Notification regarding unquoted securities - HIO
24 Aug 2026Change of Director's Interest Notice
24 Aug 2026Change of Director's Interest Notice
24 Aug 2026Change of Director's Interest Notice
24 Aug 2026Change of Director's Interest Notice
24 Aug 2026Application for quotation of securities - HIO
24 Aug 2026$PShare Purchase Plan Results
20 Aug 2026Change of Director's Interest Notice
20 Aug 2026Notification of cessation of securities - HIO
5 Aug 2026$PShare Purchase Plan Offer Booklet
5 Aug 2026Cleansing Notice - Share Purchase Plan Offer
5 Aug 2026Target Market Determination - SPP Options
5 Aug 2026$PShare Purchase Plan Option Disclosure Prospectus
31 July 2026Update - Proposed issue of securities - HIO

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