Companies / HVY

HEAVY MINERALS LIMITED

ASX:HVYMaterials
71.8M shares on issueASX (delayed) · as of 28 July 2026$0.40price · delayed$31.2Mmarket cap · indicative
F
Dilution grade

Runway under 2 quarters; share count grew 16% in 24 months; 4 cash raises in 24 months

Cash runway-1.2 quarters of funding
Share-count growth (24m)16.1%
Raise cadence (24m)4 cash raises
Options & rights overhang26.6% of shares
In-the-money supply8.9% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

HEAVY MINERALS LIMITED's ordinary share count grew 16.1% between March 2024 and April 2026, to 72M shares. The company disclosed four capital raises in that period with total confirmed proceeds of A$675K, most recently an At-the-Market (ATM) raise of A$575K in October 2025. Options and rights on issue could convert into 19M new shares, equal to 26.6% of the current share count, of which 9% are in the money at the current share price; the nearest expiry is July 2026. At the March 2026 quarter the company reported iq cash of A$-661K, equal to -1.2 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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26.6%
Max option dilution
8.9%
ITM option dilution
2
Raises · last 12 months
-1.2 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 71.8M per ASX (delayed) (28 July 2026).
68.0M69.4M70.8MDec 24Sept 25July 26Cash raise · 23 Oct 2025Cash raise · 8 Sept 2025Cash raise · 25 June 2025Cash raise · 20 Mar 2025

Cash runway

-1.2 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$-661k 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
30 June 20263G · unquotedHVY : ORDINARY FULLY PAID71.8MAppendix 3G
17 Apr 20263G · unquotedHVY : ORDINARY FULLY PAID71.7MAppendix 3G
17 Apr 20262A · quoted issueHVY : ORDINARY FULLY PAID71.8MAppendix 2A
7 Apr 20263H · cancellationHVY : ORDINARY FULLY PAID71.7MAppendix 3H
20 Mar 20262A · quoted issueHVY : ORDINARY FULLY PAID71.7MAppendix 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

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

$575k
At-the-Market (ATM) Raise
23 Oct 2025 ACTIVE
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

26.6%
Total overhang · of current shares
8.9%
In the money · at current price
19.1M
Potential new shares
July 2026
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
1 Dec 2025Aaron WilliamsOther———3Y notice
1 Dec 2025Christopher Adam Siddons SchofieldOther———3Y notice
1 Dec 2025Greg JonesOther———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

30 June 2026Notification regarding unquoted securities - HVY
30 June 2026Proposed issue of securities - HVY
30 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
17 Apr 2026s708A Notice
17 Apr 2026Application for quotation of securities - HVY
17 Apr 2026Notification regarding unquoted securities - HVY
17 Apr 2026Proposed issue of securities - HVY
7 Apr 2026Notification of cessation of securities - HVY
20 Mar 2026s708A Notice
20 Mar 2026Application for quotation of securities - HVY
16 Mar 2026Half Yearly Report and Accounts
8 Mar 2026$PKanmantoo Garnet Exploration Target
6 Mar 2026Change in substantial holding
24 Feb 2026s708A Notice
24 Feb 2026Application for quotation of securities - HVY
24 Feb 2026At-the-Market Facility Collateral Share Increase
30 Jan 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
29 Jan 2026At-the-Market (ATM) Raise
26 Jan 2026$PGarnet Tailings Processing Agreement Executed
23 Dec 2025Notification regarding unquoted securities - HVY

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