Companies / MML

MCLAREN MINERALS LIMITED

ASX:MMLMaterials
505.5M shares on issueASX (delayed) · as of 28 July 2026$0.011price · delayed$5.6Mmarket cap · indicative
D
Dilution grade

Share count grew 386% in 24 months; 6 cash raises in 24 months; options/rights overhang 132% of shares

Cash runway7.1 quarters of funding
Share-count growth (24m)385.7%
Raise cadence (24m)6 cash raises
Options & rights overhang131.7% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

MCLAREN MINERALS LIMITED's ordinary share count grew 385.7% between December 2024 and July 2026, to 505M shares. The company raised capital six times in that 24-month window for total proceeds of A$13.2M, most recently a "Security Purchase Plan (SPP) with Top-up Placement" that raised A$1.6M in April 2026. Options and rights on issue could convert into 666M new shares, equal to 131.7% of the current share count, with 0% in the money at the current share price and the nearest expiry in March 2027. At the March 2026 quarter the company reported A$3.4M in cash, covering 7.1 quarters at its reported burn 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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131.7%
Max option dilution
0.0%
ITM option dilution
4
Raises · last 12 months
7.1 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 505.5M per ASX (delayed) (28 July 2026).
187.7M304.3M421.0MDec 24Oct 25July 26Cash raise · 16 Apr 2026Cash raise · 13 Apr 2026Cash raise · 7 Nov 2025Cash raise · 30 Oct 2025Cash raise · 9 June 2025Cash raise · 10 Jan 2025

Cash runway

7.1 qtrs
More than four quarters of funding at the recent spend rate.
$3.4M 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
16 July 20262A · quoted issueMML : ORDINARY FULLY PAID505.5MAppendix 2A
15 July 20262A · quoted issueMML : ORDINARY FULLY PAID505.5MAppendix 2A
21 May 20262A · quoted issueMML : ORDINARY FULLY PAID505.5MAppendix 2A
15 May 20262A · quoted issueMML : ORDINARY FULLY PAID446.6MAppendix 2A
15 May 20262A · quoted issueMML : ORDINARY FULLY PAID411.7MAppendix 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

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

$1.6M
Security Purchase Plan (SPP) with Top-up Placement
16 Apr 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

131.7%
Total overhang · of current shares
0.0%
In the money · at current price
665.7M
Potential new shares
Mar 2027
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
15 July 2026SIMON FINNISOther13.2M7.3M—3Y notice
15 May 2026SIMON FINNISBuy1.9M—$30k3Y notice
10 Dec 2025MICHAEL ARNETTOther2.2M3.3M—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

16 July 2026Application for quotation of securities - MML
16 July 2026Change of Director's Interest Notice - Finnis
15 July 2026Application for quotation of securities - MML
13 July 2026Prospectus
13 July 2026$PCompletion of 2026 Drilling at McLaren
10 July 2026Results of Meeting
28 June 2026Addendum to Notice of Meeting
25 June 2026Postponement of General Meeting
18 June 2026$PBonanza Grades of up to 34.6% HM at McLaren Project
8 June 2026$PEastern Shoreline Target Drilling to Commence at McLaren
3 June 2026$PStrong Resource Upgrade Drilling Results at McLaren Project
26 May 2026Notice of General Meeting/Proxy Form
21 May 2026Cleansing Notice
21 May 2026Application for quotation of securities - MML
19 May 2026Change in substantial holding
15 May 2026Change of Director's Interest Notice - Finnis
15 May 2026Cleansing Notice
15 May 2026Application for quotation of securities - MML
15 May 2026Application for quotation of securities - MML
14 May 2026$PSuccessful Completion of Share Purchase Plan to raise $1.65m

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