Companies / M4M

MACRO METALS LIMITED

ASX:M4MMaterials
4.58B shares on issueASX (delayed) · as of 28 July 2026$0.006price · delayed$32.0Mmarket cap · indicative
F
Dilution grade

Runway under 2 quarters; share count grew 31% in 24 months; 3 cash raises in 24 months

Cash runway-0.4 quarters of funding
Share-count growth (24m)31.2%
Raise cadence (24m)3 cash raises
Options & rights overhang20.9% of shares
In-the-money supply7.5% of shares
Pending proposed issuesnone

MACRO METALS LIMITED's ordinary share count grew 31.2% between May 2024 and February 2026, to 4.58B shares. The company raised capital three times in that 24-month window for total disclosed proceeds of A$4.9M, most recently raising A$1.7M in July 2025. Options and rights on issue could convert into 956M new shares, equal to 20.9% of the current share count, with 8% of current shares in the money and the nearest expiry in December 2026. At the March 2026 quarter the company reported A$-372K in available cash, equal to about -0.4 quarters of funding at its recent spending rate. No proposed securities issues (Appendix 3B) are pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
Email me when this grade changes
Alerts are coming soon — this opens a pre-filled email that puts you on the list.
20.9%
Max option dilution
7.5%
ITM option dilution
1
Raises · last 12 months
-0.4 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 4.58B per ASX (delayed) (28 July 2026).
3.82B4.10B4.38BDec 24Sept 25July 26Cash raise · 31 July 2025Cash raise · 22 Apr 2025Cash raise · 2 Dec 2024

Cash runway

-0.4 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$-372k 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.
Join the waitlist

Issuance timeline

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

DateFormSecurityTotal on issue afterSource
19 May 20263G · unquotedM4M : ORDINARY FULLY PAID4.58BAppendix 3G
16 Feb 20263H · cancellationM4M : ORDINARY FULLY PAID4.58BAppendix 3H
15 Feb 20262A · quoted issueM4M : ORDINARY FULLY PAID4.58BAppendix 2A
18 Dec 20252A · quoted issueM4M : ORDINARY FULLY PAID4.36BAppendix 2A
18 Dec 20252A · quoted issueM4M : ORDINARY FULLY PAID4.33BAppendix 2A
Paid plan
Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
Join the waitlist

Capital raises

3 cash raises in the last 24 months · 1 in the last 12 months

$1.7M
Capital raise
31 July 2025
Paid plan
Full raise history
Issue price, discount, brokers, purpose and tranche detail for every raise on record.
Join the waitlist

Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

20.9%
Total overhang · of current shares
7.5%
In the money · at current price
955.7M
Potential new shares
Dec 2026
Nearest expiry
Paid plan
Per-line options & expiry cliffs
Each option line — code, strike, expiry, quantity and ITM value — plus the expiry-cliff chart.
Join the waitlist

Director dealings

DateDirectorTypeSharesOptionsValueSource
18 Dec 2025Nathan Ross DouglasOther6.3M12.0M$70k3Y notice
18 Dec 2025Simon RushtonOther175.0M—$1.9M3Y notice
18 Dec 2025Robert Andrew JewsonOther7.7M—$70k3Y notice
Paid plan
Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
Join the waitlist

Ownership

Free account
Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
Sign up free — coming soon

Latest announcements

16 July 2026Agreement to Acquire Yandi South Iron Ore Project (Updated)
13 July 2026$PAgreement Executed to Acquire Yandi South Iron Ore Project
18 June 2026$PExtension Iron Ore Additional Exploration Results
14 June 2026Receipt of $626k Unsecured Short-Term Loan
3 June 2026$PNyapiri Macro Mining Awarded First Work Package
19 May 2026Notification regarding unquoted securities - M4M
14 May 2026$PMining Services and Profit Share Agreement with Renegade
8 May 2026Initial Director's Interest Notice - Shawn Tilley
7 May 2026Appointment of Director - Shawn Tilley
3 May 2026$PNXM: MOU Signed With Mining Contractor to Advance Gold Dep
30 Apr 2026$PQ3 FY26 Quarterly Report and Appendix 5B
29 Apr 2026Clarification of Metal Logic Release dated 24 April 2026
23 Apr 2026$PMacro executes umbrella agreement with Metal Logic
22 Apr 2026$PMacro executes profit share agreement for gold project
13 Mar 2026Half Year Report and Accounts
16 Feb 2026Notification of cessation of securities - M4M
15 Feb 2026Cleansing Notice
15 Feb 2026Application for quotation of securities - M4M
5 Feb 2026$PExtension Iron Ore Development Budget Approved
3 Feb 2026Mogul VMS Project Update

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