Companies / PVT

PIVOTAL METALS LIMITED

ASX:PVTMaterials
1.31B shares on issueASX (delayed) · as of 28 July 2026$0.015price · delayed$18.4Mmarket cap · indicative
C
Dilution grade

Share count grew 86% in 24 months; runway 2–4 quarters; 1 cash raise in 24 months

Cash runway3.3 quarters of funding
Share-count growth (24m)86.5%
Raise cadence (24m)1 cash raise
Options & rights overhang8.4% of shares
In-the-money supply0.9% of shares
Pending proposed issuesnone

PIVOTAL METALS LIMITED's ordinary share count grew 86.5% between January 2024 and June 2026, to 1.31B shares. The company raised capital once in that period for total disclosed proceeds of A$5.4M, with the latest raise recorded in October 2025 for A$5.4M. Options and rights on issue could convert into 111M new shares, equal to 8.4% of the current share count, of which 1% are in the money at the current share price; the nearest expiry is December 2026. At the March 2026 quarter the company reported A$3.2M in available cash, covering 3.3 quarters at recent cash burn. 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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8.4%
Max option dilution
0.9%
ITM option dilution
1
Raises · last 12 months
3.3 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 1.31B per ASX (delayed) (28 July 2026).
0.99B1.11B1.23BDec 24Sept 25July 26Cash raise · 21 Oct 2025

Cash runway

3.3 qtrs
Two to four quarters of funding at the recent spend rate.
$3.2M 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
19 July 20263H · cancellationPVT : ORDINARY FULLY PAID1.31BAppendix 3H
11 June 20262A · quoted issuePVT : ORDINARY FULLY PAID1.31BAppendix 2A
6 May 20263H · cancellationPVT : ORDINARY FULLY PAID1.31BAppendix 3H
7 Jan 20263G · unquotedPVT : ORDINARY FULLY PAID1.31BAppendix 3G
21 Dec 20253G · unquotedPVT : ORDINARY FULLY PAID1.13BAppendix 3G
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

1 cash raise in the last 24 months · 1 in the last 12 months

$5.4M
Capital raise
21 Oct 2025
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

8.4%
Total overhang · of current shares
0.9%
In the money · at current price
110.8M
Potential new shares
Dec 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
19 July 2026Ivan FairhallSell———3Y notice
7 July 2026Ivan FairhallBuy1.2M—$16k3Y notice
7 Jan 2026Ivan FairhallOther8.6M3.0M—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

19 July 2026Change of Director's Interest Notice
19 July 2026Notification of cessation of securities - PVT
7 July 2026Change of Director's Interest Notice
7 July 2026Webinar - Updated Horden Lake MRE & Outlook
7 July 2026Updated Horden Lake MRE & Outlook
6 July 2026Investor Presentation - July 2026
6 July 2026$PMajor Copper Resource Growth at Horden Lake
1 July 2026$PDrill Program Expanded at Belleterre
11 June 2026s708A Notice
11 June 2026Application for quotation of securities - PVT
9 June 2026$PHigh grade Cu, Ni and PGM Intersected in Alotta Drilling
13 May 2026$PExploration of New Cu-Ni Targets Commences at LaForce
6 May 2026Notification of cessation of securities - PVT
29 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
27 Apr 2026$PHorden Lake Strategy Update
30 Mar 2026$PNew Horden Lake Metallurgical Program Targets Value Uplift
4 Mar 2026Half Yearly Report and Accounts
2 Mar 2026Investor Presentation - March 2026
25 Feb 2026$PDrilling to Commence at Belleterre High-Grade Cu Targets
5 Feb 2026Details of Company Address

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