INDUSTRIAL MINERALS LTD
ASX:INDMaterialsToday’s holders own 93.1% of what they think they own, once every option and right converts.
Share count grew 84% in 24 months; runway 4–8 quarters; 1 cash raise in 24 months
INDUSTRIAL MINERALS LTD had 163M ordinary shares as of August 2026, its latest share-count filing from the ASX market reading; the filed Appendix 2A series ends earlier, so the share-count change over that period is not stated. The company raised capital once in the 24-month window: a A$3.0M placement in May 2026, for total proceeds of A$3.0M. Options and rights on issue could convert into 12M new shares, representing 7.4% of current shares, with none in the money and the nearest expiry in November 2027. The company has more than 4 quarters of funding at the recent spend rate. No proposed securities issues are pending.
Quick answers · 4
When did IND last raise capital?
The last capital raise in Industrial Minerals's filings is Placement of $3.0M announced 13 May 2026, one of 1 cash raises in 24 months.
How much placement capacity does IND have left?
None of the 15% placement capacity counted as used in the last 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.
How much cash does IND have?
In its quarterly cash report for the quarter ended 30 Sept 2026, Industrial Minerals reported $2.5M of cash and estimated 5.2 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do IND's options expire?
Unexercised options and rights equal 7.4% of Industrial Minerals's shares on issue; the nearest expiry is Nov 2027.
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 |
|---|---|---|---|---|
| 27 Aug 2026 | 2A · quoted issue | IND : ORDINARY FULLY PAID | 146.1M | Appendix 2A |
| 27 Aug 2026 | 3G · unquoted | IND : ORDINARY FULLY PAID | 100.3M | Appendix 3G |
| 27 Aug 2026 | 3G · unquoted | IND : ORDINARY FULLY PAID | 100.3M | Appendix 3G |
| 20 May 2026 | 2A · quoted issue | IND : ORDINARY FULLY PAID | 100.3M | Appendix 2A |
| 1 Dec 2025 | 3H · cancellation | ORDINARY FULLY PAID | 80.3M | Appendix 3H |
Each filing states the count for the security it names, as at its own reference date and in the units of that filing — so the newest row (146.1M) need not equal the current count above (162.7M).
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
1 cash raise in the last 24 months · 1 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 / 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
An exercise price is on record for only 43.7% 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 $0.098 today. No more priced supply until 5× today’s price, which takes it to 5.3M (3.2% 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.
- 6.8M (56.3% 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.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| INDO | Options | Price-triggered, no exercise price stated | — | 11 Nov 2027 | 6.8M | Filing |
| INDAE | Options | Price-triggered | $0.30 | 30 Nov 2027 | 5.3M | 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 |
|---|---|---|---|---|---|---|---|
| 27 Aug 2026 | ASHLEY PATTISON | Other incentive | 781k | 250k | 1.4M | $149k | 3Y notice |
| 27 Aug 2026 | Jeffrey Michael Sweet | Other incentive | 2.4M | 1.8M | 1.4M | $149k | 3Y notice |
| 30 Nov 2025 | Jeffrey Michael Sweet | Sell | 5.1M | 2.5M | — | — | 3Y notice |
| 30 Nov 2025 | Melanie Leighton | Sell | — | 1.3M | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.