Companies / LYC

LYNAS RARE EARTHS LIMITED

ASX:LYCMaterials
1.01B shares on issueASX (delayed) · as of 28 July 2026$14.87price · delayed$14.89Bmarket cap · indicative
C
Dilution grade

3 cash raises in 24 months; share count grew 8% in 24 months; proposed issue pending

Cash runwayno data — not a quarterly (4C/5B) cash filer
Share-count growth (24m)7.7%
Raise cadence (24m)3 cash raises
Options & rights overhang0.3% of shares
In-the-money supply0.0% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

LYNAS RARE EARTHS LIMITED's ordinary share count was 1.01B as of September 2025, up 7.7% since April 2024. The company raised capital three times in the 24-month window for total proceeds of A$1.7B, most recently a A$29.0M placement via convertible notes in July 2026. Options and rights on issue could convert into 3M new shares, equal to 0.3% of the current share count, and 0% are in the money at the current share price. The company does not have a current quarterly cash report on record, so no cash balance or runway figure is disclosed. One proposed securities issue (Appendix 3B) is pending with an expected issue date in August 2026.

AI-generated summary of this page's cited filings · updated 28 July 2026
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0.3%
Max option dilution
0.0%
ITM option dilution
3
Raises · last 12 months
—
Cash cover · not a quarterly filer

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 1.01B per ASX (delayed) (28 July 2026).
949.8M970.6M991.4MDec 24Sept 25July 26Cash raise · 27 July 2026Cash raise · 27 Aug 2025Cash raise · 27 Aug 2025

Cash runway

Not a quarterly cash filer. This company does not lodge Appendix 4C/5B quarterly cash reports, so cash runway does not apply.

Issuance timeline

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

DateFormSecurityTotal on issue afterSource
18 June 20263G · unquotedORDINARY FULLY PAID1.01BAppendix 3G
25 Sept 20252A · quoted issueLYC : ORDINARY FULLY PAID1.01BAppendix 2A
8 Sept 20252A · quoted issueLYC : ORDINARY FULLY PAID992.7MAppendix 2A
8 Sept 20253H · cancellationLYC : ORDINARY FULLY PAID992.1MAppendix 3H
1 Sept 20252A · quoted issueLYC : ORDINARY FULLY PAID992.1MAppendix 2A
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 · 3 in the last 12 months

$29.0M
Placement - Convertible notes
27 July 2026 ACTIVE
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

0.3%
Total overhang · of current shares
0.0%
In the money · at current price
3.1M
Potential new shares
—
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
18 June 2026Amanda LACAZEOther———3Y notice
4 Dec 2025Amanda LACAZESell——$39k3Y notice
3 Dec 2025Amanda LACAZESell——$11k3Y 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

26 July 2026Proposed issue of securities - LYC
26 July 2026Lynas and LS Eco Energy Convertible Cross Subscription
21 July 2026$PQuarterly Activities Report
20 July 2026Change in substantial holding
16 July 2026Change in substantial holding
14 July 2026Change in substantial holding
9 July 2026Date of Quarterly Report and Briefing
6 July 2026$PLynas and JS Link Partnership for Malaysian Magnet Factory
6 July 2026Appendix 3Z (Lacaze)
22 June 2026Malaysian EIA Process
18 June 2026Appendix 3Y (Lacaze)
18 June 2026Notification regarding unquoted securities - LYC
10 June 2026Change in substantial holding
4 June 2026Appointment of Interim Chief Executive Officer
20 Apr 2026$PQuarterly Activities Report
14 Apr 2026Change in substantial holding
13 Apr 2026Ceasing to be a substantial holder
13 Apr 2026Date of Quarterly Report and Briefing
25 Mar 2026Lynas to Develop Metal Making Partnership with LS Eco Energy
18 Mar 2026Lynas Malaysia produces first Samarium oxide

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