Companies / PL3

PATAGONIA LITHIUM LTD

ASX:PL3Materials
241.1M shares on issueASX (delayed) · as of 28 July 2026$0.14price · delayed$30.1Mmarket cap · indicative
D
Dilution grade

Share count grew 384% in 24 months; 9 cash raises in 24 months; runway 4–8 quarters

Cash runway7.9 quarters of funding
Share-count growth (24m)383.5%
Raise cadence (24m)9 cash raises
Options & rights overhang23.1% of shares
In-the-money supply0.4% of shares
Pending proposed issuesnone

PATAGONIA LITHIUM LTD's ordinary share count rose 383.5% between September 2024 and June 2026, to 241M shares. The company raised capital nine times in that period for total disclosed proceeds of A$38.7M, most recently a A$11.4M placement in June 2026 (total covers only raises with disclosed, confirmed proceeds). Options and rights on issue could convert into 56M new shares, equal to 23.1% of the current share count, with the nearest expiry in August 2026 and 0% currently in the money. At the March 2026 quarter the company reported A$5.8M in available cash, covering 7.9 quarters 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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23.1%
Max option dilution
0.4%
ITM option dilution
6
Raises · last 12 months
7.9 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 241.1M per ASX (delayed) (28 July 2026).
109.7M158.0M206.2MDec 24Sept 25July 26Cash raise · 10 June 2026Cash raise · 8 June 2026Cash raise · 30 Jan 2026Cash raise · 30 Jan 2026Cash raise · 29 July 2025Cash raise · 28 July 2025Cash raise · 21 Feb 2025

Cash runway

7.9 qtrs
More than four quarters of funding at the recent spend rate.
$5.8M 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
21 June 20263G · unquotedPL3 : ORDINARY FULLY PAID207.1MAppendix 3G
21 June 20262A · quoted issuePL3 : ORDINARY FULLY PAID241.1MAppendix 2A
28 May 20263G · unquotedPL3 : ORDINARY FULLY PAID207.1MAppendix 3G
24 Mar 20263G · unquotedPL3 : ORDINARY FULLY PAID207.1MAppendix 3G
24 Mar 20263H · cancellationPL3 : ORDINARY FULLY PAID207.1MAppendix 3H
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

9 cash raises in the last 24 months · 6 in the last 12 months

$11.4M
Placement
10 June 2026 ACTIVE
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

23.1%
Total overhang · of current shares
0.4%
In the money · at current price
55.8M
Potential new shares
Aug 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
13 Feb 2026Richard ANTHONOther———3Y notice
13 Feb 2026Pablo TARANTINIOther5.0M1.0M—3Y notice
13 Feb 2026Phillip THOMASOther———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

26 July 2026$POutstanding Packer Flow Rates at Cilon Well 8
20 July 2026$PPositive Drilling Progress Continues at Cilon Well 8 Update
16 July 2026$PPositive Drilling Progress Continues at Cilon Well 8
7 July 2026$PPositive Drilling Progress at Cilon Lithium Well 8
5 July 2026$PLithium Drilling Commences at Well 8
1 July 2026Notice of 2026 General Meeting and Proxy Form
30 June 2026Notice of change of interests of substantial holder
29 June 2026$P58% Increase in Pumping Rate from Well 2
24 June 2026Becoming a substantial holder
24 June 2026Update - Proposed issue of securities - PL3
24 June 2026Updated Option Terms
24 June 2026Notice of change of interests of substantial holder
21 June 2026Notice of change of interests of substantial holder
21 June 2026Cleansing Notice - Share Placement
21 June 2026Notification regarding unquoted securities - PL3
21 June 2026Application for quotation of securities - PL3
16 June 2026$PSignificant Assays from Formentera Well 7
10 June 2026Proposed issue of securities - PL3
10 June 2026$P$11.4M Placement to Progress Formentera Lithium Project
8 June 2026$PTrading Halt

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