Companies / TEM

TEMPEST MINERALS LIMITED

ASX:TEMMaterials
1.10B shares on issueASX (delayed) · snapshot 11 Sept 20261.28B fully diluted+16.0% if every option and right converts$0.004price · delayed$4.4Mmarket cap · indicative

Today’s holders own 86.2% of what they think they own, once every option and right converts.

High
Dilution risk

Share count grew 76% in 24 months; runway 2–4 quarters; 2 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway2.6 quarters of funding
Share-count growth (24m)75.7%
Raise cadence (24m)2 cash raises
Options & rights overhang16.0% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

TEMPEST MINERALS LIMITED's ordinary share count grew 75.7% between August 2024 and October 2025, to 1.10B shares. The company raised capital twice in the past 24 months for total disclosed proceeds of A$3.3M, most recently a A$1.5M Non-Renounceable Issue in May 2025. Options and rights on issue could convert into 177M new shares, equal to 16.0% of the current share count, of which 0% 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$740K in available cash, about 2.6 quarters of funding at its recent spending rate. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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16.0%
Options & rights overhang
0.0%
In-the-money supply
0
Raises · last 12 months
2.6 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 1.10B per ASX (delayed) (snapshot 11 Sept 2026).
0.6B0.8B1.0BDec 24Oct 25Sept 26Cash raise · 9 May 2025Cash raise · 23 Apr 20251.10B

Cash runway

2.6 qtrs
Two to four quarters of funding at the recent spend rate.
Funds operations to about Feb 2027 at the reported spend rate.
$736k cash after burn from the quarter ended 30 June 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds. Filed with the quarterly report: $970k cash at quarter end (item 4.6), 3.4 qtrs of funding on the company’s own estimate. Our figure above carries the filed quarter-end balance forward at the reported spend rate and adds announced raise proceeds.
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11 quarters on record — 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)

DateFormSecurityOn issue, per this filingSource
6 Aug 20263H · cancellationORDINARY FULLY PAID1.10BAppendix 3H
4 Dec 20253G · unquotedORDINARY FULLY PAID1.10BAppendix 3G
3 Dec 20253G · unquotedTEM : ORDINARY FULLY PAID1.10BAppendix 3G
31 Oct 20252A · quoted issueTEM : ORDINARY FULLY PAID1.10BAppendix 2A
9 Oct 20252A · quoted issueTEM : ORDINARY FULLY PAID1.10BAppendix 2A
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19 filings on record — Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

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

every 0.5 monthsaverage gap between raises
16.1 monthssince the most recent
23 Apr 20259 May 2025first to most recent in this window
$1.5M
Non-Renounceable Issue
9 May 2025
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3 raises on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
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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.

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2 dated events on record — Forward supply calendar
Option expiries and proposed issues on one forward timeline, with the securities each could add.
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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.

No Appendix 3B in the last 12 months reports an issue under the 15% placement capacity (as at 2026-09-12).
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Placement capacity — LR 7.1 / 7.1A
The filings behind the figure: every Appendix 3B in the window with what it says was issued under 7.1 and 7.1A, each row linked to its filing, and how many shares are left.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

16.0%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
176.8M
Potential new shares
May 2027
Nearest expiry
What a price move would switch on
88.4M176.8M$0.004 now0.25× today ($0.001) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.002) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.003) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.004) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.005) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.006) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.008) — 0 of the priced supply in the money, 0.0% of shares on issue3× today ($0.012) — 144.8M of the priced supply in the money, 13.1% of shares on issue5× today ($0.020) — 144.8M of the priced supply in the money, 13.1% of shares on issue10× today ($0.040) — 176.8M of the priced supply in the money, 16.0% of shares on issue0.25×0.5×0.75×now1.25×1.5×10×

At $0.004 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until today’s price, which takes it to 144.8M (13.1% 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.
CodeSecurityTypeExercise priceExpiryOn issueSource
TEMATOptionsPrice-triggered$0.01031 May 2027144.8MFiling
TEMABOptionsPrice-triggered$0.02026 Nov 202832.0MFiling

“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.

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2 option lines on record — In-the-money value & price ladder
What each line is worth in the money today, the price ladder to the next tranche that converts, and the filing description behind every code.
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Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
1 Dec 2025Andrew HaythorpeOther6.0M3Y notice
1 Dec 2025Brian MollerOther6.0M3Y notice
1 Dec 2025Donald SmithOther8.0M3Y notice
1 Dec 2025Owen BurchellOther6.0M3Y notice
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9 notices on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

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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

Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.