Companies / PNN

POWER MINERALS LIMITED

ASX:PNNMaterials
437.7M shares on issueASX (delayed) · as of 28 July 2026$0.10price · delayed$46.0Mmarket cap · indicative
D
Dilution grade

Share count grew 257% in 24 months; 7 cash raises in 24 months; options/rights overhang 78% of shares

Cash runway4.5 quarters of funding
Share-count growth (24m)256.6%
Raise cadence (24m)7 cash raises
Options & rights overhang78.0% of shares
In-the-money supply6.7% of shares
Pending proposed issuesnone

POWER MINERALS LIMITED's ordinary share count grew 256.6% between July 2024 and June 2026, to 393M shares. The company completed seven capital raises in the 24‑month window for total proceeds of A$22.9M, most recently a A$1.7M placement in June 2026. Options and rights on issue could convert into 342M new shares, equal to 78.0% of the current share count, of which 7% are in the money at the current share price; the nearest expiry falls in October 2026. At the March 2026 quarter the company reported A$6.7M in available cash, equivalent to 4.5 quarters of cover. No proposed securities issues (Appendix 3B) are pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
Email me when this grade changes
Alerts are coming soon — this opens a pre-filled email that puts you on the list.
78.0%
Max option dilution
6.7%
ITM option dilution
3
Raises · last 12 months
4.5 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 437.7M per ASX (delayed) (28 July 2026).
181.9M275.8M369.7MDec 24Sept 25July 26Cash raise · 18 June 2026Cash raise · 5 Mar 2026Cash raise · 3 Oct 2025Cash raise · 17 July 2025Cash raise · 2 July 2025Cash raise · 23 Apr 2025Cash raise · 16 Apr 2025

Cash runway

4.5 qtrs
More than four quarters of funding at the recent spend rate.
$6.7M 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.
Join the waitlist

Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityTotal on issue afterSource
26 June 20262A · quoted issuePNN : ORDINARY FULLY PAID392.7MAppendix 2A
26 June 20262A · quoted issuePNN : ORDINARY FULLY PAID352.3MAppendix 2A
26 June 20262A · quoted issuePNN : ORDINARY FULLY PAID364.0MAppendix 2A
26 June 20262A · quoted issuePNN : ORDINARY FULLY PAID352.3MAppendix 2A
26 June 20262A · quoted issuePNN : ORDINARY FULLY PAID385.6MAppendix 2A
Paid plan
Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
Join the waitlist

Capital raises

7 cash raises in the last 24 months · 3 in the last 12 months

$1.7M
Placement
18 June 2026 COMPLETE
Paid plan
Full raise history
Issue price, discount, brokers, purpose and tranche detail for every raise on record.
Join the waitlist

Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

78.0%
Total overhang · of current shares
6.7%
In the money · at current price
341.5M
Potential new shares
Oct 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.
Join the waitlist

Director dealings

DateDirectorTypeSharesOptionsValueSource
30 Mar 2026Mena HabibOther13.5M421k—3Y notice
30 Mar 2026James MosesOther3.4M42k—3Y notice
30 Mar 2026Stephen RossOther5.4M——3Y notice
Paid plan
Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
Join the waitlist

Ownership

Free account
Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
Sign up free — coming soon

Latest announcements

19 July 2026$PMaiden Drilling Program Progressing at MDF REE Project
16 July 2026Power appoints US-based Director
26 June 2026Section 708(A) Cleansing Notice - Option Issue
26 June 2026Section 708(A) Cleansing Notice - Share Issue
26 June 2026Application for quotation of securities - PNN
26 June 2026Application for quotation of securities - PNN
26 June 2026Application for quotation of securities - PNN
26 June 2026Application for quotation of securities - PNN
26 June 2026Application for quotation of securities - PNN
22 June 2026Investor Webinar - Morro do Ferro Rare Earth Project
21 June 2026$PMDF ADVANCING TO PREMIUM MAGNET RARE EARTH DEVELOPMENT
17 June 2026$PSTRATEGIC $1.7M SECURED FROM RESOURCES INVESTMENT FUND
17 June 2026Proposed issue of securities - PNN
14 June 2026$PDRILLING COMMENCES MORRO DO FERRO REE PROJECT, BRAZIL
5 June 2026Results of General Meeting
19 May 2026Board Change and Final Director's Interest Notice
10 May 2026$PDIAMOND DRILLING TO COMMENCE AT MORRO DO FERRO REE PROJECT
4 May 2026Letter to Shareholders, Notice of GM and Proxy Form
1 May 2026Section 708(A) Cleansing Notice - Share Issue
1 May 2026Application for quotation of securities - PNN

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