Companies / HTM

HIGH-TECH METALS LTD

ASX:HTMMaterials
105.3M shares on issueASX (delayed) · snapshot 11 Sept 2026111.9M fully diluted+6.3% if every option and right converts$0.24price · delayed$25.5Mmarket cap · indicative

Today’s holders own 94.1% of what they think they own, once every option and right converts.

Moderate
Dilution risk

Share count grew 221% in 24 months; runway 4–8 quarters; 2 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway6.0 quarters of funding
Share-count growth (24m)220.6%
Raise cadence (24m)2 cash raises
Options & rights overhang6.3% of shares
In-the-money supplyno data — no exercise price on record
Pending proposed issuesnone

HIGH-TECH METALS LTD's ordinary share count grew 220.6% between January 2025 and February 2026, to 105M shares. The company raised capital twice in the past 24 months for total disclosed proceeds of A$4.2M, with the most recent being a A$750K placement in February 2026. Options and rights on issue could convert into 7M new shares, representing 6.3% of the current share count. The nearest expiry date for these securities is not on record. At the June 2026 quarter, the company reported A$8.7M in available cash, sufficient for 6.0 quarters at its recent spending rate. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 10 Sept 2026
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6.3%
Options & rights overhang
In-the-money supply · no stated strikes
1
Raises · last 12 months
6.0 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 105.3M per ASX (delayed) (snapshot 11 Sept 2026).
50M75M100MDec 24Oct 25Sept 26Cash raise · 3 Feb 2026Cash raise · 21 Feb 2025105.3M

Cash runway

6.0 qtrs
More than four quarters of funding at the recent spend rate.
Funds operations to about Dec 2027 at the reported spend rate.
$8.6M 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: $9.8M cash at quarter end (item 4.6), 6.9 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
5 Feb 20262A · quoted issueHTM : ORDINARY FULLY PAID105.3MAppendix 2A
21 Jan 20263H · cancellationHTM : ORDINARY FULLY PAID59.4MAppendix 3H
21 Jan 20262A · quoted issueHTM : ORDINARY FULLY PAID38.3MAppendix 2A
13 Jan 20262A · quoted issueHTM : ORDINARY FULLY PAID64.0MAppendix 2A
19 Dec 20253G · unquotedHTM : ORDINARY FULLY PAID59.4MAppendix 3G
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13 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

2 cash raises in the last 24 months · 1 in the last 12 months

every 11.4 monthsaverage gap between raises
7.3 monthssince the most recent
21 Feb 20253 Feb 2026first to most recent in this window
$750k
Placement
3 Feb 2026
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2 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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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 67% of the 15% placement capacity left — about 33% 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

6.3%
Options & rights overhang · of current shares
In-the-money supply · no stated strikes
6.6M
Potential new shares
Nearest expiry
What a price move would switch on

No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 6.6M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

CodeSecurityTypeExercise priceExpiryOn issueSource
HTMAIRightsCondition-triggered6.6MFiling Meeting

“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.

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.

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1 option line 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
19 Jan 2026CHARLES WILLIAM THOMASOther323k1.1M$80k3Y notice
19 Jan 2026QUINTON MEYERSSell725k3Y notice
19 Dec 2025CHARLES WILLIAM THOMASOther6k2.2M3Y notice
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11 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

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