LATROBE MAGNESIUM LIMITED
ASX:LMGMaterialsToday’s holders own 93.0% of what they think they own, once every option and right converts.
Runway under 2 quarters; share count grew 45% in 24 months; 3 cash raises in 24 months
LATROBE MAGNESIUM LIMITED's ordinary share count grew 45.4% between September 2024 and July 2026, reaching 3.41 billion shares. In the past 24 months, the company completed three capital raises totalling A$17.6M, with the most recent being a A$4.0M placement in July 2026. Options and rights on issue could convert into 258M new shares, representing 7.5% of the current share count, with no options currently in the money. The nearest expiry for these options is August 2027. As of the June 2026 quarter, the company held A$5.4M in available cash, which provides approximately 1.8 quarters of operating runway. 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 |
|---|---|---|---|---|
| 13 July 2026 | 2A · quoted issue | LMG : ORDINARY FULLY PAID | 3.41B | Appendix 2A |
| 13 July 2026 | 3G · unquoted | LMG : ORDINARY FULLY PAID | 3.13B | Appendix 3G |
| 21 Apr 2026 | 2A · quoted issue | LMG : ORDINARY FULLY PAID | 3.13B | Appendix 2A |
| 4 Jan 2026 | 3H · cancellation | LMG : ORDINARY FULLY PAID | 3.13B | Appendix 3H |
| 5 Dec 2025 | 2A · quoted issue | LMG : ORDINARY FULLY PAID | 3.12B | Appendix 2A |
Capital raises
3 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
At $0.008 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 3× today’s price, which takes it to 50.0M (1.5% 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.
- 80.0M (31.0% 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 |
|---|---|---|---|---|---|---|
| LMGAG | Options | Price-triggered | $0.079 | 12 Aug 2027 | 85.1M | Filing |
| LMGAJ | Options | Price-triggered | $0.046 | 12 Nov 2027 | 42.6M | Filing |
| LMGAH | Options | Price-triggered | $0.019 | 10 Apr 2028 | 20.0M | Filing |
| — | Options | Price-triggered | $0.021 | 13 July 2031 | 30.0M | Filing |
| LMGAC | Warrants | Price-triggered | — | — | 80.0M | 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 Nov 2025 | David Oliver Paterson | Buy | 26.3M | — | — | — | 3Y notice |
| 27 Nov 2025 | John Robert Lee | Buy | 4.7M | — | — | — | 3Y notice |
| 27 Nov 2025 | John Stephen Murray | Buy | 5.1M | — | — | — | 3Y notice |
| 27 Nov 2025 | Philip Francis Bruce | Buy | 2.9M | — | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.