Companies / RAG

RAGNAR METALS LIMITED

ASX:RAGMaterials
488.5M shares on issueASX (delayed) · as of 28 July 2026$0.021price · delayed$10.3Mmarket cap · indicative
C
Dilution grade

Runway under 2 quarters; options/rights overhang 47% of shares

Cash runway0.3 quarters of funding
Share-count growth (24m)3.1%
Raise cadence (24m)0 cash raises
Options & rights overhang47.1% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

RAGNAR METALS LIMITED's ordinary share count was 488M as of March 2026, up 3.1% between December 2024 and March 2026. The company did not raise capital in the 24-month window and has no proposed securities issues pending. Options and rights on issue could convert into 230M new shares, equal to 47.1% of the current share count, of which 0% are in the money at the current share price; the nearest expiry is November 2026. At the March 2026 quarter the company reported A$163K in available cash, about 0.3 quarters of funding at its recent spending rate.

AI-generated summary of this page's cited filings · updated 28 July 2026
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47.1%
Max option dilution
0.0%
ITM option dilution
0
Raises · last 12 months
0.3 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 488.5M per ASX (delayed) (28 July 2026).
477.0M481.2M485.4MDec 24Sept 25July 26

Cash runway

0.3 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$163k 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
8 Mar 20262A · quoted issueRAG : ORDINARY FULLY PAID488.5MAppendix 2A
13 Feb 20262A · quoted issueRAG : ORDINARY FULLY PAID485.1MAppendix 2A
29 Jan 20262A · quoted issueRAG : ORDINARY FULLY PAID479.1MAppendix 2A
29 Jan 20263G · unquotedRAG : ORDINARY FULLY PAID474.0MAppendix 3G
24 Nov 20253G · unquotedRAG : ORDINARY FULLY PAID474.0MAppendix 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

No equity raises in the last 24 months.
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

47.1%
Total overhang · of current shares
0.0%
In the money · at current price
229.9M
Potential new shares
Nov 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
20 May 2026Steve FormicaBuy1.1M5.0M$29k3Y notice
6 Mar 2026Steve FormicaOther3.4M—$65k3Y notice
13 Feb 2026Ariel (Eddie) KingOther900k——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

20 May 2026Change of Director's Interest Notice
6 May 2026Investor Presentation - RIU Sydney Resources Round-up
29 Apr 2026$PQuarterly Cashflow Report
29 Apr 2026$PQuarterly Activities Report
9 Apr 2026Maiden Drill Program Underway at Harnas
19 Mar 2026$PPit Sampling Confirms Gold Extensions at Harnas
8 Mar 2026Change of Director's Interest Notice
8 Mar 2026Application for quotation of securities - RAG
4 Mar 2026Half Year Report and Accounts
22 Feb 2026Settlement Received
13 Feb 2026Change in substantial holding
13 Feb 2026Change of Director's Interest Notice x2
13 Feb 2026Cleansing Notice
13 Feb 2026Application for quotation of securities - RAG
30 Jan 2026$PQuarterly Activities Report
30 Jan 2026$PQuarterly Cashflow Report
29 Jan 2026Notification regarding unquoted securities - RAG
29 Jan 2026Cleansing Notice
29 Jan 2026Application for quotation of securities - RAG
28 Jan 2026Proposed issue of securities - RAG

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