Companies / MMR

MEC RESOURCES LIMITED

ASX:MMREnergy
1.87B shares on issueASX (delayed) · as of 28 July 2026$0.002price · delayed$3.7Mmarket cap · indicative
B
Dilution grade

Share count grew 22% in 24 months; 2 cash raises in 24 months; options/rights overhang 20% of shares

Cash runway15.2 quarters of funding
Share-count growth (24m)21.7%
Raise cadence (24m)2 cash raises
Options & rights overhang20.0% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

MEC RESOURCES LIMITED's ordinary share count grew 21.7% between November 2024 and February 2026, to 1.87B shares. The company raised capital twice in the 24‑month window for total disclosed proceeds of A$3.3M, most recently via an Options Placement Offer that raised A$374K in December 2025. Options and rights on issue could convert into 374M new shares, equal to 20.0% of the current share count, with the nearest expiry in February 2027 and 0% of current shares in the money. At the March 2026 quarter the company reported A$1.6M in cash, representing 15.2 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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20.0%
Max option dilution
0.0%
ITM option dilution
1
Raises · last 12 months
15.2 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 1.87B per ASX (delayed) (28 July 2026).
1.84B1.85B1.86BDec 24Sept 25July 26Cash raise · 9 Dec 2025

Cash runway

15.2 qtrs
More than four quarters of funding at the recent spend rate.
$1.6M 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
12 Apr 20263H · cancellationMMR : ORDINARY FULLY PAID1.87BAppendix 3H
10 Feb 20262A · quoted issueMMR : ORDINARY FULLY PAID1.87BAppendix 2A
14 Oct 20253H · cancellationMMR : ORDINARY FULLY PAID1.87BAppendix 3H
14 Oct 20253H · cancellationMMR : ORDINARY FULLY PAID1.87BAppendix 3H
4 Sept 20252A · quoted issueMMR : ORDINARY FULLY PAID1.87BAppendix 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

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

$374k
Options Placement Offer
9 Dec 2025 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

20.0%
Total overhang · of current shares
0.0%
In the money · at current price
373.5M
Potential new shares
Feb 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
11 Dec 2025David Leslie BREEZEOther—8.0M$8k3Y notice
11 Dec 2025Peter Martin Graham RICHARDSOther—6.3M$6k3Y notice
21 Nov 2025Andrew JONESSell—5.0M—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

13 July 2026PEP11 Update - Appeal Lodged with Federal Court
2 July 2026$PPEP11 Update - Advent to appeal Federal Court Judgement
18 June 2026$PPEP11 Update - Federal Court Judgement
16 June 2026$PTrading Halt
11 June 2026PEP 11 update - Federal Court Judgement Delivery Date
30 Apr 2026$PQuarterly Activities/Appendix 4C Cash Flow Report
12 Apr 2026Notification of cessation of securities - MMR
23 Feb 2026$PPEP 11 Update - Federal Court Proceedings
18 Feb 2026$PHalf Yearly Report and Accounts
10 Feb 2026Options Top 20 Holders & Distribution Schedule
10 Feb 2026Application for quotation of securities - MMR
9 Feb 2026Close of Options Placement Offer
28 Jan 2026$PQuarterly Activities/Appendix 4C Cash Flow Report
15 Jan 2026Options Placement Offer - Timetable extension
24 Dec 2025Option Placement Offer - Reminder
12 Dec 2025Change of Director's Interest Notice
9 Dec 2025Proposed issue of securities - MMR
2 Dec 2025Prospectus - Options Placement
27 Nov 2025Results of Meeting
27 Nov 2025Chairmans Address 2025 AGM

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