MEC RESOURCES LIMITED
ASX:MMREnergyToday’s holders own 83.4% of what they think they own, once every option and right converts.
Share count grew 22% in 24 months; options/rights overhang 20% of shares; 1 cash raise in 24 months
MEC RESOURCES LIMITED's ordinary share count grew 21.7% between November 2024 and February 2026, its latest share-count filing, to 1.87B shares. The company raised capital once in the past 24 months for total disclosed proceeds of A$374K, an Options Placement Offer in December 2025 raising A$374K. Options and rights on issue could convert into 374M new shares, equal to 20.0% of the current share count, none of which are in the money; the nearest expiry is in February 2027. The company has more than 4 quarters of funding at the recent spend rate. No proposed securities issues are pending.
Quick answers · 5
When did MMR last raise capital?
The last capital raise in Mec Resources's filings is Options Placement Offer of $374k announced 10 Dec 2025, one of 1 cash raises in 24 months.
How much placement capacity does MMR have left?
None of the 15% placement capacity counted as used in the last 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.
How much cash does MMR have?
In its quarterly cash report for the quarter ended 30 Sept 2026, Mec Resources reported $1.3M of cash and estimated 11.9 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do MMR's options expire?
Unexercised options and rights equal 20% of Mec Resources's shares on issue; the nearest expiry is Feb 2027.
How much has MMR's share count grown?
Mec Resources has 1.87B shares on issue as at 28 Oct 2026, up 21.7% over 24 months according to its Appendix 2A filings.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 13 Apr 2026 | 3H · cancellation | MMR : ORDINARY FULLY PAID | 1.87B | Appendix 3H |
| 10 Feb 2026 | 2A · quoted issue | MMR : ORDINARY FULLY PAID | 1.87B | Appendix 2A |
| 14 Oct 2025 | 3H · cancellation | MMR : ORDINARY FULLY PAID | 1.87B | Appendix 3H |
| 14 Oct 2025 | 3H · cancellation | MMR : ORDINARY FULLY PAID | 1.87B | Appendix 3H |
| 4 Sept 2025 | 2A · quoted issue | MMR : ORDINARY FULLY PAID | 1.87B | Appendix 2A |
Securities on issue over time
Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.
Capital raises
1 cash raise in the last 24 months · 1 in the last 12 months
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.
Placement capacity
How much stock a company can place without asking holders. Listing Rule 7.1 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 373.5M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| MMROA | Options | Price-triggered, no exercise price stated | — | 10 Feb 2027 | 373.5M | Filing |
“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. For what expires soon across other listed companies, see the options expiry calendar.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 11 Dec 2025 | David Leslie BREEZE | Other placement | — | 8.0M | — | $8k | 3Y notice |
| 11 Dec 2025 | Peter Martin Graham RICHARDS | Other placement | — | 6.3M | — | $6k | 3Y notice |
| 21 Nov 2025 | Andrew JONES | Sell | — | 5.0M | — | — | 3Y notice |
| 21 Nov 2025 | David Leslie BREEZE | Sell | — | 8.0M | — | — | 3Y notice |
| 21 Nov 2025 | Peter Martin Graham RICHARDS | Sell | — | 6.3M | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.