Companies / RDM

RED METAL LIMITED

ASX:RDMMaterials
386.9M shares on issueASX (delayed) · as of 28 July 2026$0.14price · delayed$52.2Mmarket cap · indicative
D
Dilution grade

Runway 2–4 quarters; share count grew 29% in 24 months; options/rights overhang 17% of shares

Cash runway2.1 quarters of funding
Share-count growth (24m)29.1%
Raise cadence (24m)1 cash raise
Options & rights overhang16.6% of shares
In-the-money supply12.7% of shares
Pending proposed issuesnone

RED METAL LIMITED's ordinary share count grew 29.1% between July 2024 and July 2026, to 387M shares. The company raised capital once in that period for total proceeds of A$6.0M, most recently in September 2024 with proceeds of A$6.0M. Options and rights on issue could convert into 64M new shares, equal to 16.6% of the current share count, of which 13% are in the money at the current share price; the nearest expiry is November 2026. At the March 2026 quarter RED METAL reported A$2.6M in available cash, equal to 2.1 quarters of funding at its recent spending rate. 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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16.6%
Max option dilution
12.7%
ITM option dilution
0
Raises · last 12 months
2.1 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 386.9M per ASX (delayed) (28 July 2026).
365.4M373.3M381.2MDec 24Sept 25July 26

Cash runway

2.1 qtrs
Two to four quarters of funding at the recent spend rate.
$2.6M 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
6 July 20262A · quoted issueRDM : ORDINARY FULLY PAID386.9MAppendix 2A
29 June 20262A · quoted issueRDM : ORDINARY FULLY PAID385.9MAppendix 2A
23 June 20262A · quoted issueRDM : ORDINARY FULLY PAID384.9MAppendix 2A
25 May 20262A · quoted issueRDM : ORDINARY FULLY PAID384.6MAppendix 2A
1 Dec 20253G · unquotedRDM : ORDINARY FULLY PAID379.5MAppendix 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 · 0 in the last 12 months

$6.0M
Capital raise
23 Sept 2024
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

16.6%
Total overhang · of current shares
12.7%
In the money · at current price
64.2M
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
28 Nov 2025JOSHUA PITTBuy1.0M2.5M—3Y notice
28 Nov 2025ROBERT RUTHERFORDBuy2.0M5.0M—3Y notice
28 Nov 2025RUSSELL BARWICKBuy1.0M2.5M—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

6 July 2026Notice under Section 708A(5)(e)
6 July 2026Application for quotation of securities - RDM
29 June 2026Notice under Section 708A(5)(e)
29 June 2026Application for quotation of securities - RDM
26 June 2026In-Specie Distribution ATO Ruling
24 June 2026Updated Sybella Rare Earths Presentation
23 June 2026Notice under Section 708A(5)(e)
23 June 2026Application for quotation of securities - RDM
17 June 2026$PSybella Column Leach Tests Yield High REO Recoveries
25 May 2026Notice under Section 708A(5)(e)
25 May 2026Application for quotation of securities - RDM
19 May 2026Appendix 3A.5
8 May 2026Condition satisfied for in-specie distribution and App 3A.5
8 May 2026Results of Meeting
27 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
19 Apr 2026Paterson Province WA Pulkarrimarra Drilling Update
2 Apr 2026Prospectus for In-Specie Distribution
2 Apr 2026Notice of General Meeting/Proxy Form
30 Mar 2026Appendix 3A.5
30 Mar 2026$PIn-Specie Distribution of Maronan Metals Shares

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