TUNGSTEN MINING NL
ASX:TGNMaterialsToday’s holders own 96.3% of what they think they own, once every option and right converts.
Share count grew 56% in 24 months; 3 cash raises in 24 months
TUNGSTEN MINING NL's ordinary share count grew 56.2% between December 2024 and February 2026, reaching 1.40B shares. In the past 24 months, the company raised capital three times for total disclosed proceeds of A$67.0M, with the most recent being a A$53.0M placement in January 2026. Options and rights on issue could convert into 54M new shares, representing 3.9% of the current share count, with none currently in the money; no expiry date for these securities is on record. As of the June 2026 quarter, the company reported A$45.4M in available cash, sufficient for approximately 9.8 quarters of funding based on recent spending rates. There are no proposed securities issues pending.
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 |
|---|---|---|---|---|
| 5 Mar 2026 | 3G · unquoted | ORDINARY FULLY PAID | 1.40B | Appendix 3G |
| 8 Feb 2026 | 2A · quoted issue | TGN : ORDINARY FULLY PAID | 1.40B | Appendix 2A |
| 12 Jan 2026 | 3G · unquoted | TGN : ORDINARY FULLY PAID | 1.12B | Appendix 3G |
| 9 Dec 2025 | 2A · quoted issue | TGN : ORDINARY FULLY PAID | 1.12B | Appendix 2A |
| 5 Dec 2025 | 2A · quoted issue | TGN : ORDINARY FULLY PAID | 1.04B | Appendix 2A |
Capital raises
3 cash raises in the last 24 months · 2 in the last 12 months
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
No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 54.2M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| TGNAC | Performance rights | Condition-triggered | — | — | 54.2M | 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.
- TGNABConverts on terms4k securities → 09 Dec 2025 Appendix 2A
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 24 July 2026 | Tan Sri Dato Tien Seng Law | Buy off-market | 55.0M | — | — | $11.6M | 3Y notice |
| 9 Apr 2026 | Teck Siong Wong | Other off-market | 4.0M | — | 6.0M | — | 3Y notice |
| 12 Jan 2026 | Chew Wai Chuen | Other incentive | — | — | 3.2M | — | 3Y notice |
| 12 Jan 2026 | Gary Lyons | Other incentive | — | — | 4.8M | — | 3Y notice |
| 12 Jan 2026 | Kong Leng Lee | Other incentive | — | — | 3.2M | — | 3Y notice |
| 12 Jan 2026 | Russell Clark | Other incentive | — | — | 3.2M | — | 3Y notice |
| 12 Jan 2026 | Tan Sri Dato Seri Ten Seng Law | Other incentive | — | — | 4.0M | — | 3Y notice |
| 12 Jan 2026 | Teck Siong Wong | Other incentive | — | — | 6.0M | — | 3Y notice |
| 12 Jan 2026 | Wai Cheong Law | Other incentive | — | — | 1.0M | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.