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; 2 cash raises in 24 months; options/rights overhang 20% of shares
MEC RESOURCES LIMITED's ordinary share count grew 21.7% between November 2024 and February 2026, to 1.87B shares. The company raised capital two times in the past 24 months for total disclosed proceeds of A$3.3M, most recently with an Options Placement Offer in December 2025 that yielded A$374K. 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. As of the June 2026 quarter, the company reported A$1.4M in available cash, and reported non-negative net cash flow, so no funding-runway figure applies.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 12 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 |
Capital raises
2 cash raises 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 allows 15% of ordinary securities in any 12 months, and every Appendix 3B 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 | — | 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.
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 12 Sept 2026.