Companies / M2M

MT MALCOLM MINES NL

ASX:M2MMaterials
774.6M shares on issueASX (delayed) · as of 28 July 2026$0.006price · delayed$4.6Mmarket cap · indicative
F
Dilution grade

Runway under 2 quarters; share count grew 261% in 24 months; 3 cash raises in 24 months

Cash runway1.2 quarters of funding
Share-count growth (24m)260.8%
Raise cadence (24m)3 cash raises
Options & rights overhang55.6% of shares
In-the-money supply0.0% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

MT MALCOLM MINES NL's ordinary share count grew 260.8% between July 2024 and June 2026, to 775M shares. The company raised capital three times in that period for total disclosed proceeds of A$5.7M, most recently a Non-Renounceable Rights Issue raising A$1.8M in April 2026. Options and rights on issue could convert into 431M new shares, equal to 55.6% of the current share count, with 0% in the money and the nearest expiry in November 2028. At the March 2026 quarter the company reported A$1.1M in available cash, about 1.2 quarters of funding at its recent spending rate. Two proposed securities issues (Appendix 3B) are pending, the nearest proposed date being July 2026.

AI-generated summary of this page's cited filings · updated 28 July 2026
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55.6%
Max option dilution
0.0%
ITM option dilution
2
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 774.6M per ASX (delayed) (28 July 2026).
340.4M499.8M659.2MDec 24Sept 25July 26Cash raise · 28 Apr 2026Cash raise · 27 Oct 2025Cash raise · 30 June 2025

Cash runway

1.2 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$1.1M available cash at quarter ended 31 Mar 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 31 Mar 2026.
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Issuance timeline

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

DateFormSecurityTotal on issue afterSource
18 June 20262A · quoted issueM2M : ORDINARY FULLY PAID774.6MAppendix 2A
12 June 20262A · quoted issueM2M : ORDINARY FULLY PAID664.7MAppendix 2A
6 Jan 20263H · cancellationM2M: Ordinary Fully Paid Shares516.4MAppendix 3H
28 Nov 20252A · quoted issueM2M : ORDINARY FULLY PAID516.4MAppendix 2A
28 Nov 20253H · cancellationM2M : ORDINARY FULLY PAID516.0MAppendix 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

3 cash raises in the last 24 months · 2 in the last 12 months

$1.8M
Non-Renounceable Rights Issue
28 Apr 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

2 proposed issues 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

55.6%
Total overhang · of current shares
0.0%
In the money · at current price
430.6M
Potential new shares
Nov 2028
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
29 June 2026David EvansOther28.4M——3Y notice
12 June 2026Trevor DixonBuy45.9M330k—3Y notice
12 June 2026Robert DowneyBuy2.3M1.5M—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

15 July 2026$PNew Golden Crown Drilling Targets Resource Growth
30 June 2026Change of Director's Interest Notice - DE
29 June 2026Change in substantial holding - TD
26 June 2026Becoming a substantial holder
25 June 2026Initial Director's Interest Notice - PC & DE
25 June 2026Final Director's Interest Notice - DT
24 June 2026Board Changes and Completion of Capital Raising
18 June 2026Application for quotation of securities - M2M
18 June 2026$PPlacement of Entitlement Offer Shortfall
15 June 2026Change of Director's Interest Notice - RD, TD, DT & GP
12 June 2026Application for quotation of securities - M2M
12 June 2026$PCompletion of Rights Issue
9 June 2026Update - Proposed issue of securities - M2M
25 May 2026$PExploration Drilling Planned at Calypso
13 May 2026Dispatch of Non-Renounceable Rights Issue Documents
5 May 2026Proposed issue of securities - M2M
5 May 2026Proposed issue of securities - M2M
5 May 2026Cleansing Notice
5 May 2026$PRights Issue Offer Document
5 May 2026$PNon-Renounceable Rights Issue - Revised Terms

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