Companies / PXX

POLARX LIMITED

ASX:PXXMaterials
2.73B shares on issueASX (delayed) · as of 28 July 2026$0.013price · delayed$35.4Mmarket cap · indicative
C
Dilution grade

Runway under 2 quarters; share count grew 33% in 24 months; 1 cash raise in 24 months

Cash runway1.5 quarters of funding
Share-count growth (24m)32.9%
Raise cadence (24m)1 cash raise
Options & rights overhang7.3% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

POLARX LIMITED's ordinary share count grew 32.9% between May 2024 and February 2026, to 2.73B shares. The company raised capital once in that window for total proceeds of A$5.1M, with the most recent raise recorded in September 2025 for A$5.1M. Options and rights on issue could convert into 200M new shares, equal to 7.3% of the current share count, of which 0% are in the money at the current share price; the nearest expiry is February 2029. At the March 2026 quarter the company reported A$2.1M in available cash, about 1.5 quarters of funding. No proposed securities issues (Appendix 3B) are currently pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
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7.3%
Max option dilution
0.0%
ITM option dilution
1
Raises · last 12 months
1.5 qtrs
Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 2.73B per ASX (delayed) (28 July 2026).
2.45B2.55B2.65BDec 24Sept 25July 26Cash raise · 1 Sept 2025

Cash runway

1.5 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$2.1M 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
12 Feb 20262A · quoted issuePXX : ORDINARY FULLY PAID2.73BAppendix 2A
10 Feb 20263G · unquotedPXX : ORDINARY FULLY PAID2.72BAppendix 3G
14 Jan 20262A · quoted issuePXX : ORDINARY FULLY PAID2.72BAppendix 2A
10 Dec 20253G · unquotedPXX : ORDINARY FULLY PAID2.72BAppendix 3G
9 Dec 20252A · quoted issuePXX : ORDINARY FULLY PAID2.72BAppendix 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

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

$5.1M
Capital raise
1 Sept 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

7.3%
Total overhang · of current shares
0.0%
In the money · at current price
200.0M
Potential new shares
Feb 2029
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
10 Dec 2025Mark BojanjacOther5.0M54.0M—3Y notice
10 Dec 2025Jason BertonOther22.0M54.0M—3Y notice
10 Dec 2025Charles Frazer TabeartOther—13.5M—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

8 June 2026$PMore hyper grade copper assays at Caribou Dome
17 May 2026$PStrong magnetic anomaly highlights big copper-gold target
30 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
30 Apr 2026$PAlaska Range Joint Venture US$6M Contribution Received
23 Apr 2026Company Presentation
7 Apr 2026$PHyper grade copper assays at Caribou Dome
31 Mar 2026$PAlaska Range Joint Venture Update
30 Mar 2026$PStrong silver assays from Ridgeline prospect at Humboldt
13 Mar 2026Half Yearly Report and Accounts
3 Mar 2026$PHigh-grade Gold assays with significant widths at Humboldt
24 Feb 2026$PHigh-grade Gold assays with significant widths at Humboldt
12 Feb 2026Application for quotation of securities - PXX
12 Feb 2026Exercise of Unlisted Options
10 Feb 2026Notification regarding unquoted securities - PXX
10 Feb 2026Issue of Unlisted Options
9 Feb 2026Proposed issue of securities - PXX
30 Jan 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
14 Jan 2026Application for quotation of securities - PXX
14 Jan 2026Issue of Shares
14 Jan 2026Proposed issue of securities - PXX

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