Companies / SRL

SUNRISE ENERGY METALS LIMITED

ASX:SRLMaterials
156.4M shares on issueAppendix 2A · as of 27 July 2026$15.44price · delayed$2.30Bmarket cap · indicative
D
Dilution grade

Share count grew 42% in 24 months; 8 cash raises in 24 months; options/rights overhang 37% of shares

Cash runway24.5 quarters of funding
Share-count growth (24m)41.9%
Raise cadence (24m)8 cash raises
Options & rights overhang37.4% of shares
In-the-money supply34.3% of shares
Pending proposed issuesnone

SUNRISE ENERGY METALS LIMITED's ordinary share count grew 41.9% between June 2025 and July 2026, to 156M shares. The company raised capital eight times in the past 24 months for total disclosed proceeds of A$128.5M, most recently a A$32.5M placement in December 2025. Options and rights on issue could convert into 59M new shares, equal to 37.4% of the current share count, of which 34% are in the money at the current share price; the nearest expiry falls in May 2027. At the June 2026 quarter the company reported A$114.0M in available cash, about 24.5 quarters of funding at its recent spending rate. No proposed securities issues (Appendix 3B) are pending.

AI-generated summary of this page's cited filings · updated 27 July 2026
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37.4%
Max option dilution
34.3%
ITM option dilution
3
Raises · last 12 months
24.5 qtrs
Cash cover · over 4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 156.4M per Appendix 2A (27 July 2026).
104.0M122.9M141.9MDec 24Sept 25July 26Cash raise · 16 Dec 2025Cash raise · 3 Dec 2025Cash raise · 3 Dec 2025Cash raise · 30 June 2025Cash raise · 23 June 2025Cash raise · 9 June 2025Cash raise · 21 Apr 2025Cash raise · 15 Apr 2025

Cash runway

24.5 qtrs
More than four quarters of funding at the recent spend rate.
$114.0M available cash at quarter ended 30 June 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 30 June 2026.
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Issuance timeline

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

DateFormSecurityTotal on issue afterSource
27 July 20262A · quoted issueSRL : ORDINARY FULLY PAID156.4MAppendix 2A
27 July 20262A · quoted issueSRL : ORDINARY FULLY PAID155.6MAppendix 2A
21 July 20262A · quoted issueSRL : ORDINARY FULLY PAID155.6MAppendix 2A
16 July 20262A · quoted issueSRL : ORDINARY FULLY PAID155.6MAppendix 2A
14 July 20262A · quoted issueSRL : ORDINARY FULLY PAID153.9MAppendix 2A
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

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

$32.5M
Placement
16 Dec 2025 COMPLETE
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

37.4%
Total overhang · of current shares
34.3%
In the money · at current price
58.6M
Potential new shares
May 2027
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
15 July 2026Sam RiggallBuy59k—$250k3Y notice
15 July 2026Stefanie LoaderBuy5k—$21k3Y notice
15 July 2026Trevor EtonBuy5k—$21k3Y 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

27 July 2026Application for quotation of securities - SRL
27 July 2026Section 708A Cleansing Notice
27 July 2026Application for quotation of securities - SRL
23 July 2026$PSunrise Accelerates Expansion Study
22 July 2026Appointment of Chief Financial Officer
21 July 2026Application for quotation of securities - SRL
16 July 2026Change of Director's Interest Notice x3
16 July 2026Application for quotation of securities - SRL
16 July 2026Section 708A Cleansing Notice
14 July 2026Change of Director's Interest Notice
14 July 2026Application for quotation of securities - SRL
14 July 2026Section 708A Cleansing Notice
14 July 2026Application for quotation of securities - SRL
8 July 2026$PJune 2026 Quarterly Activities and Cash Flow
7 July 2026Change of Address
5 July 2026$PNSW Critical Minerals Royalty Deferral Scheme Acceptance
3 July 2026Application for quotation of securities - SRL
29 June 2026Change of Director's Interest Notice
29 June 2026Application for quotation of securities - SRL
24 June 2026Change in substantial holding

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