Companies / ION

IONDRIVE LIMITED

ASX:IONMaterials
1.30B shares on issueASX (delayed) · as of 28 July 2026$0.039price · delayed$51.8Mmarket cap · indicative
F
Dilution grade

Share count grew 114% in 24 months; runway 2–4 quarters; 3 cash raises in 24 months

Cash runway3.6 quarters of funding
Share-count growth (24m)114.0%
Raise cadence (24m)3 cash raises
Options & rights overhang12.7% of shares
In-the-money supply6.3% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

IONDRIVE LIMITED's ordinary share count grew 114.0% between June 2024 and February 2026, to 1.29B shares. The company raised capital three times in that 24-month window for total disclosed proceeds of A$14.1M, most recently a A$4.0M placement in November 2025. Options and rights on issue could convert into 165M new shares, equal to 12.7% of the current share count, of which 6% are in the money; the nearest expiry is August 2026. At the March 2026 quarter the company reported A$6.1M in available cash, covering 3.6 quarters at its recent spend rate. One proposed securities issue (Appendix 3B) is pending, with an expected issue date in July 2026.

AI-generated summary of this page's cited filings · updated 28 July 2026
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12.7%
Max option dilution
6.3%
ITM option dilution
2
Raises · last 12 months
3.6 qtrs
Cash cover · 2–4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 1.30B per ASX (delayed) (28 July 2026).
0.83B1.00B1.17BDec 24Sept 25July 26Cash raise · 20 Nov 2025Cash raise · 20 Nov 2025Cash raise · 2 Dec 2024

Cash runway

3.6 qtrs
Two to four quarters of funding at the recent spend rate.
$6.1M 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
5 July 20263H · cancellationION : ORDINARY FULLY PAID1.30BAppendix 3H
19 Apr 20263H · cancellationION : ORDINARY FULLY PAID1.30BAppendix 3H
6 Feb 20262A · quoted issueION : ORDINARY FULLY PAID1.29BAppendix 2A
5 Feb 20262A · quoted issueION : ORDINARY FULLY PAID1.28BAppendix 2A
5 Feb 20263G · unquotedION : ORDINARY FULLY PAID1.28BAppendix 3G
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

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

$4.0M
Placement
20 Nov 2025 COMPLETE
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

1 proposed issue pending — Appendix 3B lodged, securities not yet issued. New shares from these issues are not in the counts above until quoted.
Paid plan
Pending issue detail
Size, price, fees, broker and placement-capacity usage for each pending issue.
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Options & convertible securities

12.7%
Total overhang · of current shares
6.3%
In the money · at current price
164.6M
Potential new shares
Aug 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
6 Feb 2026Andrew SissianOther227k6.0M$10k3Y notice
6 Feb 2026David Michael McNeillyOther568k8.0M$25k3Y notice
6 Feb 2026Adam SlaterOther568k6.0M$25k3Y 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

21 July 2026Proposed issue of securities - ION
21 July 2026Corporate Presentation
19 July 2026$PFormer BHP Head of Innovation, Dr Caffery, Appointed CEO
5 July 2026Notification of cessation of securities - ION
2 July 2026Investor Presentation
2 July 2026Investor Webinar Invitation
28 June 2026$POklahoma Supports Iondrives U.S. Rare Earth Initiative
14 June 2026$P93.5% Dysprosium Recovery from Commercial US E-waste
19 May 2026Corporate Presentation
28 Apr 2026$PQuarterly Activities/Appendix 4C Cash Flow Report
22 Apr 2026US Expansion with Appointment of US-based Executive
19 Apr 2026Notification of cessation of securities - ION
15 Apr 2026Updated Corporate Presentation
15 Apr 2026Pilot Pathway Advances to Support Multi-feedstock Processing
15 Apr 2026$PIondrive Advances US-Focused Rare Earth Recycling Technology
7 Apr 2026Iondrive Divests South Korean Exploration Business
1 Mar 2026Change in substantial holding
23 Feb 2026Half Yearly Report and Accounts
23 Feb 2026Appendix 4D
6 Feb 2026Notice under Section 708A - Cleansing Notice

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