Companies / MTH

MITHRIL SILVER AND GOLD LIMITED

ASX:MTHMaterials
187.5M shares on issueASX (delayed) · as of 28 July 2026$0.22price · delayed$41.2Mmarket cap · indicative
F
Dilution grade

Runway under 2 quarters; share count grew 83% in 24 months; 4 cash raises in 24 months

Cash runway1.9 quarters of funding
Share-count growth (24m)82.8%
Raise cadence (24m)4 cash raises
Options & rights overhang33.7% of shares
In-the-money supply6.3% of shares
Pending proposed issuesnone

MITHRIL SILVER AND GOLD LIMITED's ordinary share count grew 82.8% between July 2024 and June 2026, to 187M shares. The company raised capital four times in that period for total disclosed proceeds of A$24.0M (note: total covers only raises with disclosed, confirmed proceeds), most recently raising A$11.5M in July 2025. Options and rights on issue could convert into 63M new shares, equal to 33.7% of the current share count, of which 6% are in the money at the current share price; the nearest expiry is September 2026. At the March 2026 quarter the company reported A$6.4M in available cash, about 1.9 quarters of funding at its recent spending 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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33.7%
Max option dilution
6.3%
ITM option dilution
0
Raises · last 12 months
1.9 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 187.5M per ASX (delayed) (28 July 2026).
153.7M166.1M178.5MDec 24Sept 25July 26Cash raise · 8 July 2025Cash raise · 3 July 2025Cash raise · 13 June 2025

Cash runway

1.9 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$6.4M 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
1 July 20263G · unquotedMTH : ORDINARY FULLY PAID187.5MAppendix 3G
17 June 20262A · quoted issueMTH : ORDINARY FULLY PAID187.5MAppendix 2A
1 May 20262A · quoted issueMTH : ORDINARY FULLY PAID187.4MAppendix 2A
31 Mar 20262A · quoted issueMTH : ORDINARY FULLY PAID184.8MAppendix 2A
1 Feb 20262A · quoted issueMTH : ORDINARY FULLY PAID184.8MAppendix 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

4 cash raises in the last 24 months · 0 in the last 12 months

$11.5M
Capital raise
8 July 2025
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

33.7%
Total overhang · of current shares
6.3%
In the money · at current price
63.1M
Potential new shares
Sept 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
30 Dec 2025John SkeetOther3.2M1.0M—3Y notice
30 Dec 2025Craig SharpeOther1.1M800k—3Y notice
21 Nov 2025John SkeetOther5.2M1.8M—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

2 July 2026Amended Announcement Copalquin Project Target 1 Deposit MRE
1 July 2026Notification regarding unquoted securities - MTH
30 June 2026Investor Presentation
30 June 2026$PMITHRIL DERISKS TARGET 1 WITH 75% INDICATED RESOURCE
29 June 2026$PPause in Trading
17 June 2026Section 708A Notice
17 June 2026Application for quotation of securities - MTH
9 June 2026$PMITHRIL DRILLS 7.25 M @ 4.01 G/T AU, 225 G/T AG AT T1
11 May 2026$PMTH Drills 7.00 G/T Gold, 370 G/T Silver Over 9.65 M at T1
8 May 2026Unaudited 31 March 2026 Financial Statements
1 May 2026Application for quotation of securities - MTH
29 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
14 Apr 2026Investor Presentation
9 Apr 2026$PHIGH-GRADE AND WIDESPREAD SILVER AND GOLD AT TARGET 3
7 Apr 2026Market Update
31 Mar 2026Becoming a substantial holder
31 Mar 2026Application for quotation of securities - MTH
17 Mar 2026Swiss Mining Institute Zurich Conference Presentation
11 Mar 2026Half Yearly Report and Accounts
1 Mar 2026Investor Presentation

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