QMINES LIMITED
ASX:QMLMaterialsToday’s holders own 91.3% of what they think they own, once every option and right converts.
Share count grew 181% in 24 months; 4 cash raises in 24 months; options/rights overhang 10% of shares
QMINES LIMITED's ordinary share count grew by 181.4% between August 2024 and May 2026, reaching 772M shares. In the past 24 months, the company completed four capital raises totalling A$27.8M, with the most recent being a A$15.0M placement in April 2026. There are 74M options on issue, representing 9.5% of the current share count, with 1% currently in the money and the nearest expiry date in September 2026. As of the June 2026 quarter, QMINES LIMITED reported A$20.2M in available cash and non-negative net cash flow, meaning no funding runway figure is applicable. 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 |
|---|---|---|---|---|
| 20 July 2026 | 3H · cancellation | QML : ORDINARY FULLY PAID | 772.0M | Appendix 3H |
| 14 July 2026 | 3H · cancellation | QML : ORDINARY FULLY PAID | 772.0M | Appendix 3H |
| 25 May 2026 | 2A · quoted issue | QML : ORDINARY FULLY PAID | 772.0M | Appendix 2A |
| 18 May 2026 | 2A · quoted issue | QML : ORDINARY FULLY PAID | 676.4M | Appendix 2A |
| 8 May 2026 | 2A · quoted issue | QML : ORDINARY FULLY PAID | 654.2M | Appendix 2A |
Capital raises
4 cash raises in the last 24 months · 3 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
- Price-triggered36.5M · 4.7% of sharesOptions and warrants — they convert when the share price clears their exercise price.
- Condition-triggered37.0M · 4.8% of sharesPerformance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
Exercise price on record: 36.5M priced (of which 5.0M in the money), 37.0M where the filing never states one. A security with no exercise price is never counted in the money — nothing is paid to convert it, so there is no price for it to be above.
Each figure is the filing’s own count of securities, not a share count — a 2A never states what one security converts into.
At $0.073 today, 5.0M securities are in the money (0.6% of shares on issue) — a floor, because an exercise price is on record for only 49.7% of this supply. No more priced supply until 1.25× today’s price, which takes it to 36.0M (4.7% 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.
- 37.0M (50.3% of the supply above) states no exercise price at all. It cannot be called in or out of the money at any price, which is why it is hatched rather than plotted.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| QMLAJ | Options | Price-triggered | $0.38 | 13 Sept 2026 | 500k | Filing |
| QMLAK | Options | Price-triggered | $0.068 | 6 May 2028 | 5.0M | Filing |
| QMLAL | Options | Price-triggered | $0.083 | 15 Dec 2028 | 31.0M | Filing |
| QMLAG | Performance rights | Condition-triggered | — | — | 37.0M | Filing Meeting |
“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.
A condition-triggered class has no exercise price and usually no expiry: what it vests on is set by a shareholder resolution, not by the register. Where the company lodged a notice of meeting before the class first appears here, it is linked as “Meeting” — that is where terms of this kind are put to shareholders. It is not confirmation that the document sets this class’s conditions, and no link appears where there is no such filing.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 5 Jan 2026 | Andrew Sparke | Other incentive | 950k | — | 17.0M | — | 3Y notice |
| 5 Jan 2026 | Elissa Hansen | Other incentive | 300k | — | — | — | 3Y notice |
| 5 Jan 2026 | Peter Caristo | Other incentive | 50k | — | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.