Companies / MC2

MARIMACA COPPER CORP.

ASX:MC2Materials
135.5M shares on issueASX (delayed) · snapshot 11 Sept 2026139.5M fully diluted+3.0% if every option and right converts$9.06price · delayed$1.23Bmarket cap · indicative

Today’s holders own 97.1% of what they think they own, once every option and right converts.

Low
Dilution riskprovisional — limited history

4 cash raises in 24 months; 1% of shares in the money

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwayno data — not a quarterly (4C/5B) cash filer
Share-count growth (24m)2.5%measured to the latest Appendix 2A, not to the share count above
Raise cadence (24m)4 cash raises
Options & rights overhang3.0% of shares
In-the-money supply0.7% of shares
Pending proposed issuesnone

MARIMACA COPPER CORP.'s ordinary share count stood at 135M in August 2026. The company has raised capital four times in the past 24 months, with total disclosed proceeds of A$250.1M. The most recent raise was a A$141.8M placement in February 2026. Options and rights on issue could convert into 4M new shares, representing 3.0% of the current share count, with 1% in the money; the nearest expiry is December 2026. MARIMACA COPPER CORP. has not lodged a current quarterly cash report, so no funding-runway figure is available. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 4 Sept 2026
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3.0%
Options & rights overhang
0.7%
In-the-money supply · most strikes not on record
1
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 135.5M per ASX (delayed) (snapshot 11 Sept 2026).
100M110M120M130MMar 25Dec 25Sept 26Cash raise · 17 Feb 2026Cash raise · 4 Sept 2025Cash raise · 15 July 2025Cash raise · 4 June 2025135.5M

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)

DateFormSecurityOn issue, per this filingSource
9 Sept 20263G · unquotedCHESS DEPOSITARY INTERESTS 1:141.8MAppendix 3G
2 Sept 20263G · unquotedCHESS DEPOSITARY INTERESTS 1:141.8MAppendix 3G
27 July 20263G · unquotedCHESS DEPOSITARY INTERESTS 1:141.7MAppendix 3G
26 May 20263G · unquotedCHESS DEPOSITARY INTERESTS 1:145.0MAppendix 3G
15 May 20263G · unquotedCHESS DEPOSITARY INTERESTS 1:145.0MAppendix 3G

Each filing states the count for the security it names, as at its own reference date and in the units of that filing — so the newest row (41.8M) need not equal the current count above (135.5M).

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28 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

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

every 2.8 monthsaverage gap between raises
6.8 monthssince the most recent
4 June 202517 Feb 2026first to most recent in this window
$141.8M
Placement
17 Feb 2026
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4 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.

270k of option supply could convert within 12 months0.2% of shares on issue
270k in the money, expiring in the window
Out-of-the-money options are excluded — at today’s price they expire rather than convert. So is condition-triggered supply, which has no expiry and no price, and convertibles that convert on their own terms rather than on a date.
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4 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.

No Appendix 3B in the last 12 months reports an issue under the 15% placement capacity (as at 2026-09-12).
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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

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

3.0%
Options & rights overhang · of current shares
0.7%
In-the-money supply · most strikes not on record
4.0M
Potential new shares
Dec 2026
Nearest expiry
What this supply is, and what converts it
  • Price-triggered995k · 0.7% of shares
    Options and warrants — they convert when the share price clears their exercise price.
  • Condition-triggered3.0M · 2.2% 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: 995k priced (of which 995k in the money), 3.0M 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
2.0M4.0M$9.06 now0.25× today ($2.27) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($4.53) — 895k of the priced supply in the money, 0.7% of shares on issue0.75× today ($6.79) — 895k of the priced supply in the money, 0.7% of shares on issue1× today ($9.06) — 995k of the priced supply in the money, 0.7% of shares on issue1.25× today ($11.33) — 995k of the priced supply in the money, 0.7% of shares on issue1.5× today ($13.59) — 995k of the priced supply in the money, 0.7% of shares on issue2× today ($18.12) — 995k of the priced supply in the money, 0.7% of shares on issue3× today ($27.18) — 995k of the priced supply in the money, 0.7% of shares on issue5× today ($45.30) — 995k of the priced supply in the money, 0.7% of shares on issue10× today ($90.60) — 995k of the priced supply in the money, 0.7% of shares on issue0.25×0.5×0.75×now1.25×1.5×10×

At $9.06 today, 995k securities are in the money (0.7% of shares on issue) — a floor, because an exercise price is on record for only 24.6% of this supply. No price up to ten times today’s switches on any more priced supply.

  • 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.
  • 3.0M (75.4% 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
MC2AGOptionsPrice-triggered$3.6923 Dec 2026270kFiling
MC2AHOptionsPrice-triggered$4.0019 May 2028425kFiling
MC2AIOptionsPrice-triggered$3.4014 Nov 2028200kFiling
MC2AMOptionsPrice-triggered$7.9330 Mar 2031100kFiling
MC2ALCondition-triggered3.0MFiling Meeting

“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
26 Aug 2026Hayden LockeOther259k450k592k3Y notice
5 May 2026Timothy PettersonSell on-market$258k3Y notice
27 Apr 2026Hayden LockeOther126k3Y notice
27 Apr 2026Timothy PettersonSell112k280k3Y notice
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21 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.