LION ROCK MINERALS LTD
ASX:LRMMaterialsToday’s holders own 88.3% of what they think they own, once every option and right converts.
Runway under 2 quarters; share count grew 20% in 24 months; 2 cash raises in 24 months; since relisting as LRM; prior history under PUA not included
LION ROCK MINERALS LTD's ordinary share count grew 19.7% between October 2025 and June 2026, its latest share-count filing, to 3.66B shares. The company raised capital twice in the 24-month window, for total disclosed proceeds of A$10.6M, most recently a A$2.0M placement in May 2026. Options and rights on issue could convert into 487M new shares, equal to 13.3% of the current share count, of which 2% are in the money at the current share price; the nearest expiry falls in September 2027. The company has under 2 quarters of funding at the recent spend rate. No proposed securities issues (Appendix 3B) are currently pending.
Quick answers · 4
When did LRM last raise capital?
The last capital raise in Lion Rock Minerals's filings is Placement of $2.0M announced 21 May 2026, one of 2 cash raises in 24 months.
How much placement capacity does LRM 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 LRM have?
In its quarterly cash report for the quarter ended 30 June 2026, Lion Rock Minerals reported $6.9M of cash and estimated 3.2 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do LRM's options expire?
Unexercised options and rights equal 13.3% of Lion Rock Minerals's shares on issue; the nearest expiry is Sept 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 |
|---|---|---|---|---|
| 11 June 2026 | 2A · quoted issue | LRM : ORDINARY FULLY PAID | 3.66B | Appendix 2A |
| 21 May 2026 | 3G · unquoted | LRM : ORDINARY FULLY PAID | 3.56B | Appendix 3G |
| 21 May 2026 | 3G · unquoted | LRM : ORDINARY FULLY PAID | 3.56B | Appendix 3G |
| 2 Jan 2026 | 2A · quoted issue | LRM : ORDINARY FULLY PAID | 3.56B | Appendix 2A |
| 15 Oct 2025 | 2A · quoted issue | LRM : ORDINARY FULLY PAID | 3.06B | Appendix 2A |
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
2 cash raises in the last 24 months · 1 in the last 12 months · counted since relisting as LRM (11 Aug 2025); prior history under PUA is not included
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
At $0.015 today, 90.0M securities are in the money (2.5% of shares on issue). No more priced supply until 1.25× today’s price, which takes it to 176.6M (4.8% 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.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| LRMAM | Options | Price-triggered | $0.005 | 25 Sept 2027 | 90.0M | Filing |
| LRMAO | Options | Price-triggered | $0.017 | 10 Feb 2028 | 40.0M | Filing |
| LRMAP | Options | Price-triggered | $0.020 | 10 Feb 2028 | 40.0M | Filing |
| LRMAA | Options | Price-triggered | $0.017 | 9 May 2028 | 46.6M | Filing |
| LRMAQ | Options | Price-triggered | $0.030 | 21 May 2029 | 135.0M | Filing |
| LRMAR | Options | Price-triggered | $0.040 | 21 May 2029 | 135.0M | 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. For what expires soon across other listed companies, see the options expiry calendar.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 11 June 2026 | David Brophy | Other placement | 250k | 30.0M | — | — | 3Y notice |
| 11 June 2026 | Duncan Craib | Other placement | 30.0M | 150.0M | — | — | 3Y notice |
| 2 Jan 2026 | Phillip Gallagher | Other | 118.7M | — | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.