Companies / MBK

METAL BANK LIMITED

ASX:MBKMaterials
911.9M shares on issueASX (delayed) · as of 28 July 2026$0.012price · delayed$10.0Mmarket cap · indicative
C
Dilution grade

Share count grew 87% in 24 months; 5 cash raises in 24 months; options/rights overhang 8% of shares

Cash runway31.9 quarters of funding
Share-count growth (24m)86.8%
Raise cadence (24m)5 cash raises
Options & rights overhang7.6% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

METAL BANK LIMITED's ordinary share count grew 86.8% between December 2024 and July 2026, to 912M shares. The company raised capital five times in that period for total disclosed proceeds of A$8.8M, most recently a A$1.2M placement in May 2026. Options and rights on issue could convert into 70M new shares, equal to 7.6% of the current share count, with 0% in the money at the current share price and the nearest expiry in December 2026. At the March 2026 quarter the company reported A$18.5M in available cash, representing about 31.9 quarters of cover 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
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7.6%
Max option dilution
0.0%
ITM option dilution
4
Raises · last 12 months
31.9 qtrs
Cash cover · over 4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 911.9M per ASX (delayed) (28 July 2026).
577.1M700.0M822.9MDec 24Sept 25July 26Cash raise · 21 May 2026Cash raise · 20 May 2026Cash raise · 19 Sept 2025Cash raise · 19 Sept 2025

Cash runway

31.9 qtrs
More than four quarters of funding at the recent spend rate.
$18.5M 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
2 July 20262A · quoted issueMBK : ORDINARY FULLY PAID911.9MAppendix 2A
5 June 20262A · quoted issueMBK : ORDINARY FULLY PAID900.1MAppendix 2A
5 Dec 20252A · quoted issueMBK : ORDINARY FULLY PAID841.3MAppendix 2A
2 Dec 20252A · quoted issueMBK : ORDINARY FULLY PAID681.2MAppendix 2A
2 Dec 20253G · unquotedMBK : ORDINARY FULLY PAID670.3MAppendix 3G
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

5 cash raises in the last 24 months · 4 in the last 12 months

$1.2M
Placement
21 May 2026 COMPLETE
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

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

7.6%
Total overhang · of current shares
0.0%
In the money · at current price
69.7M
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.
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Director dealings

DateDirectorTypeSharesOptionsValueSource
23 Feb 2026Foon Keong Charles LewOther4.1M——3Y notice
12 Nov 2025Sue-Ann HigginsOther———3Y notice
7 Nov 2025Sue-Ann HigginsOther2.8M7.6M—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

2 July 2026Cleansing Notice
2 July 2026Placement Completed raising $1.2M
2 July 2026Application for quotation of securities - MBK
10 June 2026Becoming a substantial holder
9 June 2026Cleansing Notice
5 June 2026Application for quotation of securities - MBK
25 May 2026$PMOU with Terra Mining for Mining Services at Seven Leaders
24 May 2026Investor Presentation
20 May 2026Proposed issue of securities - MBK
20 May 2026$PPlacement Secured Raising $1.2M
4 May 2026$PCorrection to Quarterly Cash Flow Report
28 Apr 2026$PQuarterly Cash Flow Report
28 Apr 2026$PQuarterly Activities Report
22 Apr 2026MBK Operational Update
7 Apr 2026$PSeven Leaders Mining Application Lodged
13 Mar 2026Half Year Report and Accounts
9 Mar 2026$POutstanding Gold Recovery Results for Seven Leaders
24 Feb 2026Appendix 3Y
22 Feb 2026$PHigh-Grade Near-Surface Graphite Intersected at Millennium
17 Feb 2026Millennium EPM Application Lodged

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