Companies / LLM

LOYAL METALS LTD

ASX:LLMMaterials
152.3M shares on issueASX (delayed) · as of 28 July 2026$0.44price · delayed$66.2Mmarket cap · indicative
D
Dilution grade

Runway under 2 quarters; share count grew 29% in 24 months; 5 cash raises in 24 months

Cash runway1.2 quarters of funding
Share-count growth (24m)29.1%
Raise cadence (24m)5 cash raises
Options & rights overhang7.4% of shares
In-the-money supply0.7% of shares
Pending proposed issuesnone

LOYAL METALS LTD's ordinary share count rose 29.1% between July 2025 and May 2026, to 152M shares. The company completed five capital raises in the 24-month window for total disclosed proceeds of A$5.5M, most recently in November 2025. Options and rights could convert into 11M new shares, equal to 7.4% of the current share count, with 1% in the money and the nearest expiry in August 2026. At the June 2026 quarter the company reported A$1.7M in available cash, representing about 1.2 quarters of cover. No proposed securities issues (Appendix 3B) are pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
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7.4%
Max option dilution
0.7%
ITM option dilution
5
Raises · last 12 months
1.2 qtrs
Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 152.3M per ASX (delayed) (28 July 2026).
125.2M135.1M145.1MJune 25Dec 25July 26Cash raise · 6 Nov 2025Cash raise · 29 Oct 2025Cash raise · 25 Sept 2025Cash raise · 6 Aug 2025Cash raise · 30 July 2025

Cash runway

1.2 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$1.7M available cash at quarter ended 30 June 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 30 June 2026.
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Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityTotal on issue afterSource
31 May 20263H · cancellationLLM : ORDINARY FULLY PAID152.3MAppendix 3H
6 May 20262A · quoted issueLLM : ORDINARY FULLY PAID152.3MAppendix 2A
30 Mar 20263H · cancellationLLM : ORDINARY FULLY PAID150.3MAppendix 3H
29 Mar 20263H · cancellationLLM : ORDINARY FULLY PAID150.3MAppendix 3H
16 Jan 20263H · cancellationLLM : ORDINARY FULLY PAID150.3MAppendix 3H
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

5 cash raises in the last 24 months · 5 in the last 12 months

—
Capital raise
6 Nov 2025
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

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

7.4%
Total overhang · of current shares
0.7%
In the money · at current price
11.2M
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
26 Sept 2025David (Blair) WayOther—1.0M—3Y notice
26 Sept 2025Peretz SchapiroOther1.6M——3Y notice
26 Sept 2025Adam RitchieOther111k——3Y 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

27 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
15 July 2026Dispatch of Scheme Booklet
14 July 2026Registration of Scheme Booklet with ASIC
10 July 2026GRANT OF COURT ORDERS CONVENING SCHEME MEETING
9 July 2026Change in substantial holding
31 May 2026Notification of cessation of securities - LLM
27 May 2026Becoming a substantial holder
27 May 2026Results of Meeting
11 May 2026Change in substantial holding
6 May 2026Application for quotation of securities - LLM
5 May 2026Change in substantial holding
30 Apr 2026Change in substantial holding
29 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
29 Apr 2026Becoming a substantial holder
26 Apr 2026$PLLM Scheme Implementation Deed - Bumi Resources (All-Cash)
24 Apr 2026Notice of Annual General Meeting/Proxy Form
13 Apr 2026$PLoyal Exercises Option for Highway Reward Copper Gold Mine
7 Apr 2026$P179m at 1.47% CuEq Confirms Large VHMS at Highway Reward
31 Mar 2026Appendix 4G and Corporate Governance Statement
31 Mar 2026Annual Report to shareholders

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