Companies / PRM

PROMINENCE ENERGY LIMITED

ASX:PRMEnergy
2.68B shares on issueASX (delayed) · as of 28 July 2026$0.002price · delayed$4.0Mmarket cap · indicative
D
Dilution grade

Share count grew 759% in 24 months; runway 2–4 quarters; 5 cash raises in 24 months

Cash runway3.8 quarters of funding
Share-count growth (24m)759.2%
Raise cadence (24m)5 cash raises
Options & rights overhang33.6% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

PROMINENCE ENERGY LIMITED's ordinary share count grew 759.2% between May 2024 and June 2026, to 2.68B shares. The company raised capital five times in that period for total disclosed proceeds of A$7.0M, most recently a A$1.6M placement in April 2026. Options and rights on issue could convert into 899M new shares, equal to 33.6% of the current share count, with 0% in the money at the current share price and the nearest expiry in December 2027. At the March 2026 quarter the company reported A$1.7M in available cash, equal to about 3.8 quarters of funding 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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33.6%
Max option dilution
0.0%
ITM option dilution
2
Raises · last 12 months
3.8 qtrs
Cash cover · 2–4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 2.68B per ASX (delayed) (28 July 2026).
0.87B1.53B2.20BDec 24Sept 25July 26Cash raise · 28 Apr 2026Cash raise · 28 Apr 2026Cash raise · 30 June 2025Cash raise · 18 June 2025

Cash runway

3.8 qtrs
Two to four quarters of funding at the recent spend rate.
$1.7M 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.
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Issuance timeline

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

DateFormSecurityTotal on issue afterSource
24 June 20262A · quoted issuePRM : ORDINARY FULLY PAID2.68BAppendix 2A
24 June 20263G · unquotedPRM : ORDINARY FULLY PAID2.39BAppendix 3G
15 May 20262A · quoted issuePRM : ORDINARY FULLY PAID2.39BAppendix 2A
12 May 20262A · quoted issuePRM : ORDINARY FULLY PAID2.12BAppendix 2A
19 Jan 20262A · quoted issuePRM : ORDINARY FULLY PAID1.70BAppendix 2A
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

5 cash raises in the last 24 months · 2 in the last 12 months

$1.6M
Placement
28 Apr 2026 COMPLETE
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

33.6%
Total overhang · of current shares
0.0%
In the money · at current price
898.8M
Potential new shares
Dec 2027
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
15 May 2026Mike FischerOther628k16.1M—3Y notice
19 Jan 2026Mike FischerOther628k——3Y notice
15 Dec 2025Mr Troy HaydenSell———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

23 July 2026$PProminence Confirms Drilling Pathway to Mid-2027
30 June 2026Company Secretary Appointment/Resignation
24 June 2026Appendix 3Y x3
24 June 2026Notification regarding unquoted securities - PRM
24 June 2026Cleansing Notice
24 June 2026Application for quotation of securities - PRM
23 June 2026$PSatellite Study Strengthens Helium and Hydrogen Exploration
18 June 2026Results of Meeting
10 June 2026$PIndependent Laboratory Analysis Results at PEL 803
19 May 2026Notice of General Meeting/Proxy Form
15 May 2026Appendix 3Y
15 May 2026Cleansing Notice
15 May 2026Application for quotation of securities - PRM
13 May 2026Investor Webinar
12 May 2026Cleansing Notice
12 May 2026Application for quotation of securities - PRM
6 May 2026$PInitial Soil Gas Survey Results - PEL 803
30 Apr 2026Proposed issue of securities - PRM
30 Apr 2026Proposed issue of securities - PRM
30 Apr 2026Proposed issue of securities - PRM

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