Companies / QGL

QUANTUM GRAPHITE LIMITED

ASX:QGLMaterials
350.6M shares on issueASX (delayed) · snapshot 11 Sept 2026351.2M fully diluted+0.2% if every option and right converts$0.33price · delayed$113.9Mmarket cap · indicative

Today’s holders own 99.8% of what they think they own, once every option and right converts.

Low
Dilution risk

Runway under 2 quarters; 0% of shares in the money

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway-0.7 quarters of funding
Share-count growth (24m)1.3%measured to the latest Appendix 2A, not to the share count above
Raise cadence (24m)0 cash raises
Options & rights overhang0.2% of shares
In-the-money supply0.2% of shares
Pending proposed issuesnone

QUANTUM GRAPHITE LIMITED's ordinary share count was 351M as of December 2025, an increase of 1.3% from July 2024. No capital raises have been completed in the past 24 months, and no proposed securities issues are currently pending. Options and rights on issue could convert into 619,345 new shares, representing 0.2% of the current share count, with the nearest expiry in December 2031. At the June 2026 quarter, the company reported available cash of A$-828K, indicating a funding shortfall.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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0.2%
Options & rights overhang
0.2%
In-the-money supply
0
Raises · last 12 months
-0.7 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 350.6M per ASX (delayed) (snapshot 11 Sept 2026).
345.0M347.5M350.0MDec 24Oct 25Sept 26350.6M

Cash runway

-0.7 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$-842k cash after burn from the quarter ended 30 June 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds. Filed with the quarterly report: $210k cash at quarter end (item 4.6), 2.3 qtrs of funding on the company’s own estimate. Our figure above carries the filed quarter-end balance forward at the reported spend rate and adds announced raise proceeds.
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11 quarters on record — Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 30 June 2026.
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Issuance timeline

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

DateFormSecurityOn issue, per this filingSource
22 Dec 20253G · unquotedQGL : ORDINARY FULLY PAID345.0MAppendix 3G
22 Dec 20252A · quoted issueQGL : ORDINARY FULLY PAID345.5MAppendix 2A
22 Dec 20252A · quoted issueQGL : ORDINARY FULLY PAID349.5MAppendix 2A
22 Dec 20253G · unquotedQGL : ORDINARY FULLY PAID345.6MAppendix 3G
22 Dec 20252A · quoted issueQGL : ORDINARY FULLY PAID345.6MAppendix 2A

Each filing states the count for the security it names, as at its own reference date and in the units of that filing — so the newest row (345.0M) need not equal the current count above (350.6M).

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8 filings on record — Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

No equity raises in the last 24 months.
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Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
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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.

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1 dated event on record — Forward supply calendar
Option expiries and proposed issues on one forward timeline, with the securities each could add.
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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.

No Appendix 3B in the last 12 months reports an issue under the 15% placement capacity (as at 2026-09-12).
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Placement capacity — LR 7.1 / 7.1A
The filings behind the figure: every Appendix 3B in the window with what it says was issued under 7.1 and 7.1A, each row linked to its filing, and how many shares are left.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

0.2%
Options & rights overhang · of current shares
0.2%
In-the-money supply · at current price
619k
Potential new shares
Dec 2031
Nearest expiry
What a price move would switch on
310k619k$0.33 now0.25× today ($0.08) — 619k of the priced supply in the money, 0.2% of shares on issue0.5× today ($0.16) — 619k of the priced supply in the money, 0.2% of shares on issue0.75× today ($0.24) — 619k of the priced supply in the money, 0.2% of shares on issue1× today ($0.33) — 619k of the priced supply in the money, 0.2% of shares on issue1.25× today ($0.41) — 619k of the priced supply in the money, 0.2% of shares on issue1.5× today ($0.49) — 619k of the priced supply in the money, 0.2% of shares on issue2× today ($0.65) — 619k of the priced supply in the money, 0.2% of shares on issue3× today ($0.98) — 619k of the priced supply in the money, 0.2% of shares on issue5× today ($1.63) — 619k of the priced supply in the money, 0.2% of shares on issue10× today ($3.25) — 619k of the priced supply in the money, 0.2% of shares on issue0.25×0.5×0.75×now1.25×1.5×10×

At $0.33 today, 619k securities are in the money (0.2% of shares on issue). No price up to ten times today’s switches on any more priced supply.

  • 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.
CodeSecurityTypeExercise priceExpiryOn issueSource
OptionsPrice-triggered$0.00021 Dec 2031619kFiling

“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.

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1 option line on record — In-the-money value & price ladder
What each line is worth in the money today, the price ladder to the next tranche that converts, and the filing description behind every code.
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Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
22 Dec 2025Bruno RuggieroOther incentive144k155k3Y notice
22 Dec 2025David TrimboliOther incentive96k103k3Y notice
22 Dec 2025Michael WyerOther incentive96k103k3Y notice
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8 notices on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

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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

Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.