TENNANT MINERALS LIMITED
ASX:TMSMaterialsToday’s holders own 57.8% of what they think they own, once every option and right converts.
Share count grew 57% in 24 months; 3 cash raises in 24 months; options/rights overhang 73% of shares
TENNANT MINERALS LIMITED's ordinary share count grew 56.6% between September 2024 and July 2026, reaching 1.50B shares. In the past 24 months, the company completed three capital raises totalling A$3.6M, with the most recent being a A$235K placement in July 2026. Options and rights on issue could convert into 1.09B new shares, representing 73.1% of the current share count, with no options currently in the money. The nearest expiry for these options is December 2027. As of the June 2026 quarter, TENNANT MINERALS LIMITED reported A$2.2M in available cash, sufficient to cover approximately 5.0 quarters of operating expenses. No proposed securities issues are currently 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 |
|---|---|---|---|---|
| 29 July 2026 | 2A · quoted issue | TMS : ORDINARY FULLY PAID | 1.50B | Appendix 2A |
| 16 July 2026 | 2A · quoted issue | TMS : ORDINARY FULLY PAID | 1.50B | Appendix 2A |
| 16 July 2026 | 2A · quoted issue | TMS : ORDINARY FULLY PAID | 1.33B | Appendix 2A |
| 13 May 2026 | 2A · quoted issue | TMS : ORDINARY FULLY PAID | 1.33B | Appendix 2A |
| 6 June 2025 | 2A · quoted issue | TMS : ORDINARY FULLY PAID | 1.07B | 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
An exercise price is on record for only 8.0% of this supply, so what is in the money today is not a measurement — the tile above reads “—” for that reason. Of the priced supply, 0 is in the money at $0.009 today. No more priced supply until 1.25× today’s price, which takes it to 88.0M (5.9% 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.
- 1.01B (92.0% 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 |
|---|---|---|---|---|---|---|
| TMSO | Options | Price-triggered | — | 31 Dec 2027 | 272.0M | Filing |
| TMSAF | Options | Price-triggered | $0.010 | 31 Dec 2028 | 88.0M | Filing |
| TMSOB | Options | Price-triggered | — | 30 June 2030 | 734.7M | Filing |
“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.
Director dealings
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.