SQX RESOURCES LIMITED
ASX:SQXMaterialsToday’s holders own 71.0% of what they think they own, once every option and right converts.
Share count grew 196% in 24 months; runway 2–4 quarters; options/rights overhang 41% of shares
SQX RESOURCES LIMITED's ordinary share count grew by 196.2% between February 2025 and July 2026, reaching 93M shares. In the past 24 months, the company undertook two capital raises totaling A$4.5M, with the most recent being a A$2.5M Non-Renounceable Entitlement Offer in August 2026. Options on issue could convert into 38M new shares, representing 40.9% of the current share count, with the nearest expiry in December 2026. As of the June 2026 quarter, the company held A$2.5M in available cash, sufficient to cover 3.9 quarters of operations. One proposed securities issue (Appendix 3B) is pending, with an expected issue date in September 2026.
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 |
|---|---|---|---|---|
| 24 July 2026 | 3H · cancellation | SQX : ORDINARY FULLY PAID | 92.5M | Appendix 3H |
| 17 July 2026 | 2A · quoted issue | SQX : ORDINARY FULLY PAID | 92.5M | Appendix 2A |
| 3 July 2026 | 3G · unquoted | SQX : ORDINARY FULLY PAID | 71.3M | Appendix 3G |
| 10 Feb 2026 | 3H · cancellation | SQX: ORDINARY FULLY PAID | 71.3M | Appendix 3H |
| 6 Jan 2026 | 2A · quoted issue | SQX : ORDINARY FULLY PAID | 71.3M | Appendix 2A |
Capital raises
2 cash raises in the last 24 months · 2 in the last 12 months
Retail offer
An offer existing holders can take part in — the one structural advantage retail has in a raise. Dated recently and not yet recorded as complete.
Closing dates are not in the filings this site holds. Check the company's own announcement below before acting on this.
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-triggered22.3M · 24.1% of sharesOptions and warrants — they convert when the share price clears their exercise price.
- Condition-triggered15.5M · 16.7% 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: 22.3M priced, 15.5M 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 $0.046 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 5× today’s price, which takes it to 22.3M (24.1% 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.
- 15.5M (41.0% 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 |
|---|---|---|---|---|---|---|
| SQXAH | Performance rights | Condition-triggered | — | 5 Dec 2026 | 3.3M | Filing Meeting |
| SQXAI | Options | Price-triggered | $0.15 | 5 Dec 2028 | 22.3M | Filing |
| SQXAF | Performance rights | Condition-triggered | — | — | 1.1M | Filing Meeting |
| SQXAJ | Performance rights | Condition-triggered | — | — | 11.1M | 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 |
|---|---|---|---|---|---|---|---|
| 17 July 2026 | DR JULIAN RODNEY STEPHENS | Other incentive | 3.9M | — | 5.9M | — | 3Y notice |
| 13 Feb 2026 | MR BEVAN TARRATT | Buy | 1.1M | — | — | $201k | 3Y notice |
| 12 Jan 2026 | Patric Michael Glovac | Buy on-market | 110k | 3.0M | 2.0M | $17k | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.