Companies / MEI

METEORIC RESOURCES LIMITED

ASX:MEIMaterials
2.91B shares on issueASX (delayed) · as of 28 July 2026$0.19price · delayed$523.2Mmarket cap · indicative
D
Dilution grade

Runway under 2 quarters; share count grew 30% in 24 months; 3 cash raises in 24 months

Cash runway1.7 quarters of funding
Share-count growth (24m)29.8%
Raise cadence (24m)3 cash raises
Options & rights overhang3.5% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

METEORIC RESOURCES LIMITED's ordinary share count increased 29.8% between August 2024 and May 2026, to 2.91B shares. The company raised capital three times in the 24‑month window for total disclosed proceeds of A$85.9M, most recently raising A$40.0M in April 2026. Options and rights on issue could convert into 100M new shares, equal to 3.5% of the current share count, with 0% in the money at current prices and the nearest expiry in December 2026. At the June 2026 quarter the company reported A$31.8M in available cash, representing 1.7 quarters of cover. 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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3.5%
Max option dilution
0.0%
ITM option dilution
1
Raises · last 12 months
1.7 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 2.91B per ASX (delayed) (28 July 2026).
2.43B2.60B2.78BDec 24Sept 25July 26Cash raise · 17 Apr 2026Cash raise · 18 July 2025

Cash runway

1.7 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$31.8M available cash at quarter ended 30 June 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 30 June 2026.
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Issuance timeline

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

DateFormSecurityTotal on issue afterSource
17 July 20263H · cancellationMEI : ORDINARY FULLY PAID2.91BAppendix 3H
15 May 20262A · quoted issueMEI : ORDINARY FULLY PAID2.91BAppendix 2A
11 May 20262A · quoted issueMEI : ORDINARY FULLY PAID2.90BAppendix 2A
28 Apr 20262A · quoted issueMEI : ORDINARY FULLY PAID2.88BAppendix 2A
28 Apr 20262A · quoted issueMEI : ORDINARY FULLY PAID2.65BAppendix 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 · 1 in the last 12 months

$40.0M
Capital raise
17 Apr 2026
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

3.5%
Total overhang · of current shares
0.0%
In the money · at current price
100.5M
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
2 July 2026Paul KittoOther3.9M3.0M—3Y notice
15 May 2026Mr Stuart GaleOther1.0M——3Y notice
15 May 2026Andrew TunksOther729k——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

23 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
17 July 2026Notification of cessation of securities - MEI
15 July 2026$PCaldeira Rare Earth Project Ore Reserve Grows 42% to 146Mt
9 July 2026Rick Rule Symposium Presentation
8 July 2026$PCaldeira Project Measured Resources Grow 246% to 128Mt
3 July 2026Change of Director's Interest Notice
1 July 2026Change of Company Type & New Constitution
1 July 2026Appendix 4G & Corporate Governance Statement
25 June 2026Results of Meeting
18 June 2026Change in substantial holding
17 June 2026$PCaldeira Project Licensing Update
10 June 2026$PCaldeira Pilot Plant Delivering Exceptional Performance
26 May 2026Notice of General Meeting Information
26 May 2026Notice of General Meeting/Proxy Form
15 May 2026Cleansing Notice
15 May 2026Change of Directors' Interest Notices
15 May 2026Application for quotation of securities - MEI
14 May 2026Results of Meeting
11 May 2026Cleansing Notice
11 May 2026Application for quotation of securities - MEI

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