HAWK RESOURCES LIMITED.
ASX:HWKMaterialsToday’s holders own 94.7% of what they think they own, once every option and right converts.
Runway under 2 quarters; share count grew 190% in 24 months; 5 cash raises in 24 months; since relisting as HWK; prior history under AL8 not included
HAWK RESOURCES LIMITED has been trading under its current code since December 2024 following a rename from AL8, and all share figures below cover only that period. Between December 2024 and July 2026, its latest share-count filing, ordinary shares grew 190% to 690M. The company raised capital five times in the 24-month window, totalling A$22.9M, most recently a A$5.0M placement and entitlement offer in May 2026. Options and rights on issue could convert into 39M new shares, equal to 5.6% of the current share count, none of which are in the money; the nearest expiry is November 2028. The company has under 2 quarters of funding at the recent spend rate. Two proposed securities issues (Appendix 3B) are pending, with the nearest expected in November 2026.
Quick answers · 3
Is HWK raising capital?
Hawk Resources has 2 proposed issues of securities pending under Appendix 3B as at 28 Oct 2026; the most recent raise announced is Placement and Entitlement Offer of $5.0M on 13 May 2026.
How much cash does HWK have?
In its quarterly cash report for the quarter ended 30 June 2026, Hawk Resources reported $4.5M of cash and estimated 2.7 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do HWK's options expire?
Unexercised options and rights equal 5.6% of Hawk Resources's shares on issue; the nearest expiry is Nov 2028.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 13 July 2026 | 2A · quoted issue | HWK : ORDINARY FULLY PAID | 690.0M | Appendix 2A |
| 13 July 2026 | 2A · quoted issue | HWK : ORDINARY FULLY PAID | 661.5M | Appendix 2A |
| 26 June 2026 | 2A · quoted issue | HWK : ORDINARY FULLY PAID | 661.5M | Appendix 2A |
| 26 May 2026 | 2A · quoted issue | HWK : ORDINARY FULLY PAID | 624.4M | Appendix 2A |
| 24 Dec 2025 | 2A · quoted issue | HWK : ORDINARY FULLY PAID | 524.4M | Appendix 2A |
Securities on issue over time
Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.
Capital raises
5 cash raises in the last 24 months · 2 in the last 12 months · counted since relisting as HWK (9 Dec 2024); prior history under AL8 is not included
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.
Placement capacity
How much stock a company can place without asking holders. Listing Rule 7.1 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 38.5M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| HWKOB | Options | Price-triggered, no exercise price stated | — | 30 Nov 2028 | 38.5M | Filing |
“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. For what expires soon across other listed companies, see the options expiry calendar.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 2 Oct 2026 | Mr Ernest Thomas Eadie | Sell | — | 1.3M | — | — | 3Y notice |
| 2 Oct 2026 | Mr Peter Williams | Sell | — | 546k | — | — | 3Y notice |
| 2 Oct 2026 | Mr Scott Caithness | Sell | 8.0M | 1.4M | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.