Companies / PM1

PALISADE METALS LTD

ASX:PM1Materials
289.9M shares on issueASX (delayed) · snapshot 2 Oct 2026381.1M fully diluted+31.4% if every option and right converts$0.064price · delayed$17.4Mmarket cap · indicative

Today’s holders own 76.1% of what they think they own, once every option and right converts.

Low
Dilution riskprovisional — limited history

Options/rights overhang 31% of shares; since relisting as PM1; prior history under IR1 not included

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwayno data — no quarterly (4C/5B) or half-year/annual (4D/4E) cash report on record
Share-count growth (24m)0.0%no issuance filings since 2024; since relisting as PM1; prior history under IR1 not included
Raise cadence (24m)0 cash raisesexcludes announced events with no matching share-issuance (Appendix 2A) filing; since relisting as PM1; prior history under IR1 not included
Options & rights overhang31.4% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

PALISADE METALS LTD has 290M ordinary shares on issue as of September 2026. The company has not lodged any share-issuance filings since January 2024 and no capital raises are recorded for that period; no proposed securities issues are pending. Options and rights could convert into 91M new shares, representing a 31.4% overhang of the current share count, with none in the money and the nearest expiry in October 2026. No quarterly or half-year cash report runway figure is currently on record, so the company’s available cash position and funding horizon cannot be stated from those disclosures.

AI-generated summary of this page's cited filings · updated 2 Oct 2026
Quick answers · 1

When do PM1's options expire?

Unexercised options and rights equal 31.4% of Palisade Metals's shares on issue; the nearest expiry is Oct 2026.

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31.4%
Options & rights overhang
0.0%
In-the-money supply
0
Raises · last 12 months
—
Cash cover · no cash report

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Shown since relisting as PM1 (17 Aug 2026); prior history under IR1 is not included. Latest count 289.9M per ASX (delayed) (snapshot 2 Oct 2026).
288.5M289.0M289.5M290.0MAug 26Sept 26Sept 26289.9M

Cash runway

No cash report on record. No Appendix 4C/5B quarterly cash report and no 4D/4E half-year or annual cash-flow statement is on record for this company, so cash runway cannot be computed.

Issuance timeline

Latest 4 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
30 Sept 20263H · cancellationPM1 : ORDINARY FULLY PAID289.9MAppendix 3H
7 Sept 20262A · quoted issuePM1 : ORDINARY FULLY PAID289.9MAppendix 2A
19 Aug 20263G · unquotedPM1 : ORDINARY FULLY PAID288.4MAppendix 3G
17 Aug 20263G · unquotedIR1 : ORDINARY FULLY PAID288.4MAppendix 3G
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4 filings on record — Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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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.

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Securities on issue, by class
How the share count and each option and rights class moved, month by month, with every number in a table.
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Capital raises

No equity raises on record since relisting as PM1 (17 Aug 2026); prior history under IR1 is not included.
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11 raises on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
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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.

3.0M of option supply could convert within 12 months — 1.0% of shares on issue
3.0M at a stated nil exercise price — nothing is paid to convert these
Out-of-the-money options are excluded — at today’s price they expire rather than convert. So is condition-triggered supply, which has no expiry and no price, and convertibles that convert on their own terms rather than on a date.
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19 dated events on record — Forward supply calendar
Option expiries and proposed issues on one forward timeline, with the securities each could add.
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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.

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Placement capacity — LR 7.1 / 7.1A
The filings behind the figure: every Appendix 3B in the window with what it says was issued under 7.1 and 7.1A, each row linked to its filing, and how many shares are left.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

31.4%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
91.1M
Potential new shares
Oct 2026
Nearest expiry
What this supply is, and what converts it
  • Price-triggered79.6M · 27.5% of shares
    Options and warrants — they convert when the share price clears their exercise price.
  • Condition-triggered11.5M · 4.0% of shares
    Performance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.

Exercise price on record: 60.1M priced, 19.5M at a stated nil price, 11.5M where the filing never states one. A security with no exercise price is never counted in the money — nothing is paid to convert it, so there is no price for it to be above.

Each figure is the filing’s own count of securities, not a share count — a 2A never states what one security converts into.

What a price move would switch on
45.6M91.1M$0.064 now0.25× today ($0.016) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.032) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.048) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.064) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.080) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.096) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.128) — 0 of the priced supply in the money, 0.0% of shares on issue3× today ($0.192) — 0 of the priced supply in the money, 0.0% of shares on issue5× today ($0.320) — 47.9M of the priced supply in the money, 16.5% of shares on issue10× today ($0.640) — 60.1M of the priced supply in the money, 20.7% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.064 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 5× today’s price, which takes it to 47.9M (16.5% 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.
  • 19.5M (21.4% of the supply above) states a nil exercise price — nothing is paid to convert it, so no share price switches it on or off. It is the flat band, and it is not part of the in-the-money figure.
  • 11.5M (12.6% 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.
CodeSecurityTypeExercise priceExpiryOn issueSource
PM1AABOptionsPrice-triggeredNil24 Oct 2026500kFiling
PM1AYOptionsPrice-triggered$0.4014 Feb 2027200kFiling
PM1AACOptionsPrice-triggeredNil24 Apr 2027500kFiling
PM1AZOptionsPrice-triggered$0.4024 Apr 202710.0MFiling
PM1AAKOptionsPrice-triggeredNil14 May 20272.0MFiling
PM1AAIOptionsPrice-triggered$0.2030 June 20274.0MFiling
PM1AAGOptionsPrice-triggered$0.4030 Sept 20272.0MFiling
PM1AALOptionsPrice-triggeredNil14 Nov 20272.5MFiling
PM1AAJOptionsPrice-triggered$0.2014 Nov 202716.3MFiling
PM1AAOptionsPrice-triggeredNil1 Dec 20271.0MFiling
PM1ABOptionsPrice-triggeredNil1 June 20281.0MFiling
PM1AAOOptionsPrice-triggered$0.2510 Feb 202918.7MFiling
PM1AAPOptionsPrice-triggered$0.2910 Feb 20292.0MFiling
PM1AGOptionsPrice-triggeredNil13 Aug 20315.0MFiling
PM1AHOptionsPrice-triggered$0.2513 Aug 20311.5MFiling
PM1AIOptionsPrice-triggered$0.3013 Aug 20311.5MFiling
PM1ADOptionsPrice-triggeredNil17 Nov 20317.0MFiling
PM1AEOptionsPrice-triggered$0.2517 Nov 20312.0MFiling
PM1AFOptionsPrice-triggered$0.3017 Nov 20312.0MFiling
PM1AXPerformance rightsCondition-triggered——11.5MFiling Meeting

“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.

A condition-triggered class has no exercise price and usually no expiry: what it vests on is set by a shareholder resolution, not by the register. Where the company lodged a notice of meeting before the class first appears here, it is linked as “Meeting” — that is where terms of this kind are put to shareholders. It is not confirmation that the document sets this class’s conditions, and no link appears where there is no such filing.

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20 option lines on record — In-the-money value & price ladder
What each line is worth in the money today, the price ladder to the next tranche that converts, and the filing description behind every code.
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Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
18 Aug 2026Christopher Allan EvansOther557.0M—3Y notice
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1 notice on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

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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

30 Sept 2026Notification of cessation of securities - PM1
9 Sept 2026Cleansing Notice under Section 708(5)(e) of Corps Act
7 Sept 2026Application for quotation of securities - PM1
3 Sept 2026Release of Share from Voluntary Escrow
31 Aug 2026Upcoming Option Expiry
24 Aug 2026$PFinley Basin Tungsten Project expands ahead of drilling
24 Aug 2026Change of Director's Interest Notice - CE
19 Aug 2026Notification regarding unquoted securities - PM1
17 Aug 2026Notification regarding unquoted securities - IR1

Headlines link to the source PDFs on the ASX announcements platform. Data as of 3 Oct 2026.