Companies / TOR

TORQUE METALS LIMITED..

ASX:TORMaterials
624.9M shares on issueASX (delayed) · as of 28 July 2026$0.19price · delayed$118.7Mmarket cap · indicative
F
Dilution grade

Share count grew 231% in 24 months; runway 2–4 quarters; 5 cash raises in 24 months

Cash runway2.5 quarters of funding
Share-count growth (24m)230.6%
Raise cadence (24m)5 cash raises
Options & rights overhang25.9% of shares
In-the-money supply10.6% of shares
Pending proposed issuesnone

TORQUE METALS LIMITED..'s ordinary share count grew 230.6% between July 2024 and May 2026, to 621M shares. The company raised capital five times in that period for total disclosed proceeds of A$23.0M, most recently raising A$3.0M in March 2026. Options and rights on issue could convert into 162M new shares, equal to 25.9% of the current share count, of which 11% are in the money at the current share price; the nearest expiry is November 2026. At the June 2026 quarter the company reported A$12.0M in available cash, about 2.5 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 28 July 2026
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25.9%
Max option dilution
10.6%
ITM option dilution
2
Raises · last 12 months
2.5 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 624.9M per ASX (delayed) (28 July 2026).
328.5M437.3M546.1MDec 24Sept 25July 26Cash raise · 6 Mar 2026Cash raise · 5 Dec 2025Cash raise · 19 June 2025Cash raise · 22 Jan 2025

Cash runway

2.5 qtrs
Two to four quarters of funding at the recent spend rate.
$12.0M 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
2 July 20263G · unquotedORDINARY FULLY PAID624.9MAppendix 3G
14 May 20263G · unquotedTOR : ORDINARY FULLY PAID624.9MAppendix 3G
11 May 20262A · quoted issueTOR : ORDINARY FULLY PAID621.4MAppendix 2A
8 May 20262A · quoted issueTOR : ORDINARY FULLY PAID613.8MAppendix 2A
8 May 20263H · cancellationTOR : ORDINARY FULLY PAID610.3MAppendix 3H
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

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

$3.0M
Capital raise
6 Mar 2026
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

25.9%
Total overhang · of current shares
10.6%
In the money · at current price
162.1M
Potential new shares
Nov 2026
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
10 July 2026Simon LawsonBuy2.1M—$483k3Y notice
13 May 2026David CoyneOther1.9M—$2.3M3Y notice
13 May 2026Simon LawsonOther3.7M—$1.0M3Y 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

26 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
15 July 2026Change of Director's Interest Notice
6 July 2026$PProject RPM - Exploration and Resource Growth Strategy
6 July 2026$PMRE Update - Paris Gold Deposit
2 July 2026Notification regarding unquoted securities - TOR
21 June 2026$POutstanding High Grade Intercepts
19 May 2026May 2026 Conference Presentation - Henderson Nevada
17 May 2026$PParis Gold Project - Drilling and Exploration Update
15 May 2026Appendix 3Y - Simon Lawson
15 May 2026Appendix 3Y - David Coyne
15 May 2026Appendix 3Y - Craig Jones
14 May 2026Notification regarding unquoted securities - TOR
11 May 2026Cleansing Notice
11 May 2026Application for quotation of securities - TOR
10 May 2026Change of Company Secretary
8 May 2026Cleansing Notice
8 May 2026Notification of cessation of securities - TOR
8 May 2026Application for quotation of securities - TOR
5 May 2026Initial Directors' Interest Notices
1 May 2026Cleansing Notice

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