Companies / LU7

LITHIUM UNIVERSE LIMITED

ASX:LU7Materials
1.86B shares on issueASX (delayed) · snapshot 11 Sept 20262.34B fully diluted+25.8% if every option and right converts$0.005price · delayed$9.3Mmarket cap · indicative

Today’s holders own 79.5% of what they think they own, once every option and right converts.

Very high
Dilution risk

Runway under 2 quarters; share count grew 127% in 24 months; 5 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway1.5 quarters of funding
Share-count growth (24m)127.0%
Raise cadence (24m)5 cash raises
Options & rights overhang25.8% of shares
In-the-money supplyno data — an exercise price is on record for a minority of the supply
Pending proposed issuesopen proposed issue (Appendix 3B)

LITHIUM UNIVERSE LIMITED's ordinary share count grew 212.9% between July 2024 and August 2026, reaching 1.86B shares. The company raised capital five times in the past 24 months, with total disclosed proceeds of A$8.5M, including a A$900K placement in July 2026. Options and rights on issue could convert into 480M new shares, representing 25.8% of the current share count; the nearest expiry is March 2027, and none are currently in the money. As of the June 2026 quarter, the company reported A$877K in available cash, covering approximately 1.5 quarters of operating expenses. Three proposed securities issues (Appendix 3B) are pending, with the nearest proposed date in September 2026.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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25.8%
Options & rights overhang
In-the-money supply · most strikes not on record
2
Raises · last 12 months
1.5 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 1.86B per ASX (delayed) (snapshot 11 Sept 2026).
1.00B1.25B1.50B1.75BDec 24Oct 25Sept 26Cash raise · 31 July 2026Cash raise · 16 Oct 2025Cash raise · 8 Aug 2025Cash raise · 13 June 20251.86B

Cash runway

1.5 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
Funds operations to about Oct 2026 at the reported spend rate.
$870k cash after burn from the quarter ended 30 June 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds. Filed with the quarterly report: $57k cash at quarter end (item 4.6), 0.1 qtrs of funding on the company’s own estimate. Our figure above carries the filed quarter-end balance forward at the reported spend rate and adds announced raise proceeds.
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10 quarters on record — 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)

DateFormSecurityOn issue, per this filingSource
24 Aug 20262A · quoted issueLU7 : ORDINARY FULLY PAID1.86BAppendix 2A
23 Aug 20263H · cancellationLU7 : ORDINARY FULLY PAID1.62BAppendix 3H
9 Aug 20263H · cancellationLU7 : ORDINARY FULLY PAID1.62BAppendix 3H
22 Apr 20263H · cancellationLU7 : ORDINARY FULLY PAID1.62BAppendix 3H
12 Jan 20262A · quoted issueLU71.62BAppendix 2A
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35 filings on record — 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 · 2 in the last 12 months

every 5.3 monthsaverage gap between raises
1.4 monthssince the most recent
23 Oct 202431 July 2026first to most recent in this window
$900k
Placement
31 July 2026 ACTIVE
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6 raises on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
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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.

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7 dated events on record — Forward supply calendar
Option expiries and proposed issues on one forward timeline, with the securities each could add.
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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.

About 25% of the 15% placement capacity left — about 75% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-09-12). One filing in the window states more under 7.1 than the whole allowance and is not counted, so usage may be higher than this. Holder-approved issues and any later ratification are not deducted, so the true headroom can be higher.
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Placement capacity — LR 7.1 / 7.1A
The filings behind the figure: every Appendix 3B in the window with what it says was issued under 7.1 and 7.1A, each row linked to its filing, and how many shares are left.
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Pending proposed issues

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

25.8%
Options & rights overhang · of current shares
In-the-money supply · most strikes not on record
479.6M
Potential new shares
Mar 2027
Nearest expiry
What this supply is, and what converts it
  • Price-triggered285.9M · 15.4% of shares
    Options and warrants — they convert when the share price clears their exercise price.
    At least 283.9M of it states no exercise price — that much cannot be called in or out of the money.
  • Condition-triggered193.7M · 10.4% of shares
    Performance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.

Exercise price on record: 2.0M priced, 477.6M where the filing never states one. A security with no exercise price is never counted in the money — nothing is paid to convert it, so there is no price for it to be above.

Each figure is the filing’s own count of securities, not a share count — a 2A never states what one security converts into.

What a price move would switch on
239.8M479.6M$0.005 now0.25× today ($0.001) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.003) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.004) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.005) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.006) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.007) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.010) — 0 of the priced supply in the money, 0.0% of shares on issue3× today ($0.015) — 0 of the priced supply in the money, 0.0% of shares on issue5× today ($0.025) — 0 of the priced supply in the money, 0.0% of shares on issue10× today ($0.050) — 2.0M of the priced supply in the money, 0.1% of shares on issue0.25×0.5×0.75×now1.25×1.5×10×

An exercise price is on record for only 0.4% 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 $0.005 today. No more priced supply until 10× today’s price, which takes it to 2.0M (0.1% 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.
  • 477.6M (99.6% 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.
CodeSecurityTypeExercise priceExpiryOn issueSource
LU7ABOptionsPrice-triggered$0.03011 Mar 20272.0MFiling
LU7OBOptionsPrice-triggered7 Aug 2028283.9MFiling
LU7ACPerformance rightsCondition-triggered12 July 202934.0MFiling Meeting
LU7AMPerformance rightsCondition-triggered7 Aug 203099.0MFiling Meeting
LU7AKPerformance rightsCondition-triggered60.7MFiling

“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.

A condition-triggered class has no exercise price and usually no expiry: what it vests on is set by a shareholder resolution, not by the register. Where the company lodged a notice of meeting before the class first appears here, it is linked as “Meeting” — that is where terms of this kind are put to shareholders. It is not confirmation that the document sets this class’s conditions, and no link appears where there is no such filing.

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5 option lines on record — In-the-money value & price ladder
What each line is worth in the money today, the price ladder to the next tranche that converts, and the filing description behind every code.
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Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
8 Aug 2026Gernot AblSell103Y notice
12 Jan 2026Ignatius Kim-Seng TanSell33Y notice
12 Jan 2026Patrick ScallanSell5.8M3Y notice
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12 notices on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

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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

Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.