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; 2 cash raises in 24 months; options/rights overhang 7% of shares
INDUSTRIAL MINERALS LTD had 163M shares outstanding as of August 2026. The company completed two capital raises totalling A$6.0M in the past 24 months, with the most recent being a A$3.0M placement in May 2026. Potential new shares from options on issue total 12M, representing 7.4% of the current share count, all of which are out-of-the-money and expire in November 2027. As of the June 2026 quarter, the company reported A$1.9M in cash, which provides approximately 10.1 quarters of operational funding. No proposed securities issues are currently pending.
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 |
|---|---|---|---|---|
| 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).
Capital raises
2 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
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 $0.10 today. No more priced supply until 3× 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 | — | 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.
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 12 Sept 2026.