Companies / SCN

SCORPION MINERALS LIMITED

ASX:SCNMaterials
542.3M shares on issueASX (delayed) · as of 28 July 2026$0.026price · delayed$14.1Mmarket cap · indicative
F
Dilution grade

Runway under 2 quarters; share count grew 32% in 24 months; 3 cash raises in 24 months

Cash runway-1.3 quarters of funding
Share-count growth (24m)32.5%
Raise cadence (24m)3 cash raises
Options & rights overhang28.6% of shares
In-the-money supply0.0% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

SCORPION MINERALS LIMITED's ordinary share count grew 32.5% between March 2024 and April 2026, to 542M shares. The company raised capital three times in that period for total disclosed proceeds of A$3.5M, most recently A$250K in March 2025. Options and rights on issue could convert into 155M new shares, equal to 28.6% of the current share count, with 0% in the money and the nearest expiry in October 2026. At the March 2026 quarter the company reported A$-333K in available cash, equal to -1.3 quarters of funding at its recent spending rate. One proposed securities issue (Appendix 3B) is pending, with an expected issue date in December 2026.

AI-generated summary of this page's cited filings · updated 28 July 2026
Email me when this grade changes
Alerts are coming soon — this opens a pre-filled email that puts you on the list.
28.6%
Max option dilution
0.0%
ITM option dilution
0
Raises · last 12 months
-1.3 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 542.3M per ASX (delayed) (28 July 2026).
437.4M475.9M514.4MDec 24Sept 25July 26Cash raise · 27 Mar 2025Cash raise · 20 Feb 2025Cash raise · 13 Feb 2025

Cash runway

-1.3 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$-333k 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.
Join the waitlist

Issuance timeline

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

DateFormSecurityTotal on issue afterSource
12 June 20263G · unquotedSCN : ORDINARY FULLY PAID542.3MAppendix 3G
24 Apr 20263H · cancellationSCN : ORDINARY FULLY PAID542.3MAppendix 3H
22 Apr 20263H · cancellationSCN : ORDINARY FULLY PAID542.3MAppendix 3H
20 Apr 20262A · quoted issueSCN : ORDINARY FULLY PAID542.3MAppendix 2A
2 Feb 20262A · quoted issueSCN : ORDINARY FULLY PAID541.8MAppendix 2A
Paid plan
Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
Join the waitlist

Capital raises

3 cash raises in the last 24 months · 0 in the last 12 months

$250k
Capital raise
27 Mar 2025
Paid plan
Full raise history
Issue price, discount, brokers, purpose and tranche detail for every raise on record.
Join the waitlist

Pending proposed issues

1 proposed issue pending — Appendix 3B lodged, securities not yet issued. New shares from these issues are not in the counts above until quoted.
Paid plan
Pending issue detail
Size, price, fees, broker and placement-capacity usage for each pending issue.
Join the waitlist

Options & convertible securities

28.6%
Total overhang · of current shares
0.0%
In the money · at current price
155.3M
Potential new shares
Oct 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.
Join the waitlist

Director dealings

DateDirectorTypeSharesOptionsValueSource
16 June 2026Mr Michael KitneyBuy100k—$3k3Y notice
16 June 2026Mr Peter KollerBuy960k—$24k3Y notice
3 June 2026Mr Peter KollerBuy510k—$13k3Y notice
Paid plan
Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
Join the waitlist

Ownership

Free account
Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
Sign up free — coming soon

Latest announcements

19 June 2026Change of Director's Interest Notice - PK
19 June 2026Change of Director's Interest Notice - MK
12 June 2026Notification regarding unquoted securities - SCN
9 June 2026Change of Director's Interest Notice - PK
8 June 2026Scorpion Receives $2M Right to Mine Option Fee
4 June 2026Vesting of Options
28 May 2026Presentation - Murchison Gold Strategy
22 May 2026Change of Director's Interest Notice - PK
22 May 2026Change of Director's Interest Notice - MK
18 May 2026Proposed issue of securities - SCN
17 May 2026$P$2 Million Funding Secured for Old Prospect Development
5 May 2026$PNew Gold Exploration Target at Old Prospect
30 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
28 Apr 2026EIS Application Granted - Regional Magnetic Survey
24 Apr 2026Notification of cessation of securities - SCN
22 Apr 2026Notification of cessation of securities - SCN
20 Apr 2026Cleansing Notice
20 Apr 2026Application for quotation of securities - SCN
19 Apr 2026$PMining Lease Application - Old Prospect Gold Tenements
13 Mar 2026Change of Director's Interest Notice - MK

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