Companies / HRE

HEAVY RARE EARTHS LIMITED

ASX:HREMaterials
208.0M shares on issueASX (delayed) · as of 28 July 2026$0.033price · delayed$6.7Mmarket cap · indicative
C
Dilution grade

Runway under 2 quarters; share count grew 190% in 24 months; 1 cash raise in 24 months

Cash runway0.9 quarters of funding
Share-count growth (24m)190.1%
Raise cadence (24m)1 cash raise
Options & rights overhang0.0% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

HEAVY RARE EARTHS LIMITED's ordinary share count grew 190.1% between August 2024 and January 2025, to 198M shares. The company raised capital once in the 24‑month window for total proceeds of A$2.5M, from a raise dated October 2024 that reported A$2.5M. At the March 2026 quarter the company reported A$360K in available cash, representing 0.9 quarters of funding at its recent spending rate. There are no proposed securities issues (Appendix 3B) currently pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
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0.0%
Max option dilution
0.0%
ITM option dilution
0
Raises · last 12 months
0.9 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 208.0M per ASX (delayed) (28 July 2026).
110.3M146.2M182.0MDec 24Sept 25July 26

Cash runway

0.9 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$360k 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
22 Dec 20253G · unquotedHRE : ORDINARY FULLY PAID208.0MAppendix 3G
29 Aug 20253H · cancellationHRE : ORDINARY FULLY PAID208.0MAppendix 3H
12 Aug 20253G · unquotedHRE : ORDINARY FULLY PAID208.0MAppendix 3G
26 Feb 20253G · unquotedHRE : ORDINARY FULLY PAID208.0MAppendix 3G
7 Jan 20252A · quoted issueHRE : ORDINARY FULLY PAID170.0MAppendix 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

1 cash raise in the last 24 months · 0 in the last 12 months

$2.5M
Capital raise
18 Oct 2024
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

No options or rights over unissued shares on record.

Director dealings

DateDirectorTypeSharesOptionsValueSource
26 Feb 2026Mr Gabriel ChiappiniBuy733k—$10k3Y notice
22 Dec 2025Dr Amanda BuckinghamOther—5.0M—3Y notice
22 Dec 2025Mr Gabriel ChiappiniOther500k5.0M—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

26 July 2026Strategic Review Highlights Heavy Rare Earths (Updated)
19 July 2026$PStrategic Review Highlights Heavy Rare Earths at Subron
8 July 2026$PSouth Ridge Tin Drilling Approved, Host Structure Extended
29 June 2026$PStrategic Review of Cowalinya Rare Earth Project
12 June 2026Initial Director's Interest Notice
8 June 2026$PAppointment of Managing Director
19 May 2026$PHeritage Clearance Received for South Ridge Maiden Drilling
23 Apr 2026$PHRE March 2026 Quarterly Activities Report & Appendix 5B
15 Apr 2026$PHRE's Maiden Drilling approaches SA's largest Tin Project
1 Apr 2026NWR Communications Critical Minerals Webinar Presentation
27 Mar 2026Heavy Rare Earths partners with Investor Hub
25 Mar 2026$PResearch confirms REE Monazite & Xenotime at Radium Hill
16 Mar 2026Half Year Financial Report - 31 December 2025
26 Feb 2026Change of Director's Interest Notice
17 Feb 2026$P2,500m Drill Program planned at Tin Prospect - Prospect Hill
3 Feb 2026$PRadium Hill Agreement Expanded to Include All Mineral Rights
29 Jan 2026$PHRE December 2025 Quarterly Activities Report & Appendix 5B
30 Dec 2025Release of Securities from escrow
22 Dec 2025Change of Director's Interest Notices x2
22 Dec 2025Notification regarding unquoted securities - HRE

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