MITHRIL SILVER AND GOLD LIMITED
ASX:MTHMaterialsToday’s holders own 77.7% of what they think they own, once every option and right converts.
Runway under 2 quarters; share count grew 59% in 24 months; options/rights overhang 29% of shares
MITHRIL SILVER AND GOLD LIMITED's ordinary share count increased 59.1% between October 2024 and June 2026, its latest share-count filing, to 187M shares. The company raised capital once in the past 24 months, a Brokered Private Placement in July 2025 for total proceeds of A$11.5M. Options and rights on issue could convert into 54M new shares, equal to 28.6% of current shares, of which 2% are in the money; the nearest expiry is December 2026. The company has under 2 quarters of funding at the recent spend rate. No proposed securities issues are pending.
Quick answers · 5
When did MTH last raise capital?
The last capital raise in Mithril Silver And Gold's filings is Brokered Private Placement of $11.5M announced 9 July 2025, one of 1 cash raises in 24 months.
How much placement capacity does MTH have left?
About 99% of the 15% placement capacity left, about 1% used in 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 MTH have?
In its quarterly cash report for the quarter ended 30 Sept 2026, Mithril Silver And Gold reported $4.1M of cash and estimated 1.3 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do MTH's options expire?
Unexercised options and rights equal 28.6% of Mithril Silver And Gold's shares on issue; the nearest expiry is Dec 2026.
How much has MTH's share count grown?
Mithril Silver And Gold has 187.5M shares on issue as at 28 Oct 2026, up 59.1% 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 |
|---|---|---|---|---|
| 7 Sept 2026 | 3H · cancellation | MTH : ORDINARY FULLY PAID | 187.5M | Appendix 3H |
| 1 July 2026 | 3G · unquoted | MTH : ORDINARY FULLY PAID | 187.5M | Appendix 3G |
| 17 June 2026 | 2A · quoted issue | MTH : ORDINARY FULLY PAID | 187.5M | Appendix 2A |
| 1 May 2026 | 2A · quoted issue | MTH : ORDINARY FULLY PAID | 187.4M | Appendix 2A |
| 31 Mar 2026 | 2A · quoted issue | MTH : ORDINARY FULLY PAID | 184.8M | 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 · 0 in the last 12 months
Results due
What the company's own reports say is coming, and when. A month is one the report names; “by end of year” is a deadline such as “Q4”. See every explorer on the results calendar.
- by end 2026 · 25,000m drilling program (to start)
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
At $0.18 today, 3.0M securities are in the money (1.6% of shares on issue). No more priced supply until 1.25× today’s price, which takes it to 6.1M (3.3% of shares).
- Priced supply in the money at the price on the axis — the curve, and the only thing on it. Ten prices, sampled: between two of them the true figure lies between the two.
- 21.6M (40.2% of the supply above) states no exercise price at all. It cannot be called in or out of the money at any price, which is why it is hatched rather than plotted.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| MTHAAK | Options | Price-triggered | $0.75 | 19 Dec 2026 | 14.0M | Filing |
| MTHO | Options | Price-triggered, no exercise price stated | — | 14 May 2027 | 21.6M | Filing |
| MTHAAH | Options | Price-triggered | $0.10 | 14 May 2027 | 3.0M | Filing |
| MTHAAI | Options | Price-triggered | $0.20 | 14 May 2027 | 3.1M | Filing |
| MTHAAL | Options | Price-triggered | $0.36 | 24 July 2027 | 1.8M | Filing |
| MTHAAM | Options | Price-triggered | $1.07 | 1 Sept 2028 | 10.2M | 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 |
|---|---|---|---|---|---|---|---|
| 3 Sept 2026 | John Skeet | Buy on-market | 300k | — | — | — | 3Y notice |
| 21 Nov 2025 | Craig Sharpe | Other | 1.1M | 1.0M | — | — | 3Y notice |
| 21 Nov 2025 | David Toyoda | Other | 30k | 600k | — | — | 3Y notice |
| 21 Nov 2025 | Meghan Lewis | Other | — | 600k | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.