POLYMETALS RESOURCES LTD
ASX:POLMaterialsToday’s holders own 99.6% of what they think they own, once every option and right converts.
Share count grew 58% in 24 months; 6 cash raises in 24 months
POLYMETALS RESOURCES LTD's ordinary share count grew 58.2% from August 2024 to August 2026, reaching 308M shares. In the past 24 months, the company completed six capital raises totalling A$89.0M, with the most recent being a A$34.4M placement in December 2025. Options and rights on issue could convert into 1M new shares, representing 0.4% of the current share count, with the nearest expiry in November 2026. As of the June 2026 quarter, POLYMETALS RESOURCES LTD reported A$37.4M in available cash, noting that positive net cash flow in the latest quarter means no funding runway figure applies. No proposed securities issues are pending.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 6 Aug 2026 | 2A · quoted issue | POL : ORDINARY FULLY PAID | 308.1M | Appendix 2A |
| 9 Mar 2026 | 3H · cancellation | POL : ORDINARY FULLY PAID | 307.5M | Appendix 3H |
| 18 Dec 2025 | 2A · quoted issue | POL : ORDINARY FULLY PAID | 308.1M | Appendix 2A |
| 10 Dec 2025 | 2A · quoted issue | POL : ORDINARY FULLY PAID | 307.3M | Appendix 2A |
| 7 Dec 2025 | 3G · unquoted | ORDINARY FULLY PAID | 267.8M | Appendix 3G |
Capital raises
6 cash raises in the last 24 months · 2 in the last 12 months
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 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
At $0.92 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 1.25× today’s price, which takes it to 1.3M (0.4% 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.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| POLAP | Options | Price-triggered | $1.00 | 23 Nov 2026 | 1.3M | 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.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 6 Aug 2026 | Alistair Heatley Barton | Buy incentive | 94k | — | — | — | 3Y notice |
| 6 Aug 2026 | David William Sproule | Buy incentive | 125k | — | — | — | 3Y notice |
| 6 Aug 2026 | Jess Oram | Buy incentive | 63k | — | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.