INFINITY MINING LIMITED
ASX:IMIMaterialsToday’s holders own 49.2% of what they think they own, once every option and right converts.
Runway under 2 quarters; share count grew 312% in 24 months; 5 cash raises in 24 months
INFINITY MINING LIMITED's ordinary share count grew 312.5% between September 2024 and February 2026, reaching 560M shares. The company raised capital five times in the past 24 months for total disclosed proceeds of A$2.8M, with the most recent being a A$1.0M placement in November 2025. Options and rights on issue could convert into 579M new shares, equal to 103.4% of the current share count, with no shares currently in the money; the nearest expiry falls in October 2027. At the June 2026 quarter the company reported A$213K in available cash, approximately 1.1 quarters of funding based on its recent spending rate. One proposed securities issue (Appendix 3B) is pending, with an expected issue date in September 2026.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 23 July 2026 | 3H · cancellation | IMI : ORDINARY FULLY PAID | 559.9M | Appendix 3H |
| 9 Feb 2026 | 2A · quoted issue | IMI : ORDINARY FULLY PAID | 559.9M | Appendix 2A |
| 22 Jan 2026 | 2A · quoted issue | IMI : ORDINARY FULLY PAID | 534.9M | Appendix 2A |
| 22 Jan 2026 | 3G · unquoted | IMI : ORDINARY FULLY PAID | 523.0M | Appendix 3G |
| 19 Jan 2026 | 2A · quoted issue | IMI : ORDINARY FULLY PAID | 523.0M | Appendix 2A |
Capital raises
5 cash raises in the last 24 months · 2 in the last 12 months
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 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
- Price-triggered548.9M · 98.0% of sharesOptions and warrants — they convert when the share price clears their exercise price.At least 433.9M of it states no exercise price — that much cannot be called in or out of the money.
- Condition-triggered30.0M · 5.4% of sharesPerformance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
Exercise price on record: 115.0M priced, 463.9M where the filing never states one. A security with no exercise price is never counted in the money — nothing is paid to convert it, so there is no price for it to be above.
Each figure is the filing’s own count of securities, not a share count — a 2A never states what one security converts into.
An exercise price is on record for only 19.9% of this supply, so what is in the money today is not a measurement — the tile above reads “—” for that reason. Of the priced supply, 0 is in the money at $0.007 today. At double today’s price it is 60.0M (10.7% 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.
- 463.9M (80.1% 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.
- 35.0M more carries an exercise price above ten times today’s — off the right of this axis, and in every total on this page.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| IMIAJ | Options | Price-triggered | $0.029 | 30 Oct 2027 | 20.0M | Filing |
| IMIAM | Options | Price-triggered | $0.011 | 4 Sept 2028 | 60.0M | Filing |
| IMIO | Options | Price-triggered | — | 15 Nov 2028 | 433.9M | Filing |
| IMIAK | Options | Price-triggered | $0.070 | 30 Nov 2029 | 35.0M | Filing |
| IMIAN | Performance rights | Condition-triggered | — | — | 30.0M | Filing 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.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 4 Feb 2026 | Cameron Petricevic | Other | 20.0M | — | — | — | 3Y notice |
| 4 Feb 2026 | Kevin Mark Woodthorpe | Other | 5.0M | 30.0M | 15.0M | — | 3Y notice |
| 16 Jan 2026 | Cameron Petricevic | Other | 128.7M | 60.0M | 35.0M | $64k | 3Y notice |
| 16 Jan 2026 | Gongkui Xiao | Other | 750k | 750k | — | $8k | 3Y notice |
| 16 Jan 2026 | Kevin Mark Woodthorpe | Other | 4.7M | 20.0M | 10.0M | $47k | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.