Companies / TSL

TITANIUM SANDS LIMITED

ASX:TSLMaterials
2.34B shares on issueASX (delayed) · as of 28 July 2026$0.007price · delayed$16.4Mmarket cap · indicative
D
Dilution grade

Runway under 2 quarters; 3 cash raises in 24 months; share count grew 6% in 24 months

Cash runway-0.4 quarters of funding
Share-count growth (24m)6.0%
Raise cadence (24m)3 cash raises
Options & rights overhang4.7% of shares
In-the-money supply1.2% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

TITANIUM SANDS LIMITED's ordinary share count rose 6.0% between April 2024 and June 2025 to 2.34B shares. The company conducted three capital raises in the 24-month window for total disclosed proceeds of A$743K, most recently a Placement (Listed Options) - Priority Offer & Bonus Issue on July 2026 that raised A$243K. Options and rights could convert into 110M new shares, equal to 4.7% of the current share count, with 1% in the money and the nearest expiry in February 2027. At the March 2026 quarter the company reported A$-146K in cash, equivalent to -0.4 quarters of cover. 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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4.7%
Max option dilution
1.2%
ITM option dilution
2
Raises · last 12 months
-0.4 qtrs
Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 2.34B per ASX (delayed) (28 July 2026).
2.24B2.28B2.32BDec 24Sept 25July 26Cash raise · 10 July 2026Cash raise · 14 Apr 2026Cash raise · 7 Feb 2025

Cash runway

-0.4 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$-146k available cash at quarter ended 31 Mar 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 31 Mar 2026.
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Issuance timeline

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

DateFormSecurityTotal on issue afterSource
18 June 20252A · quoted issueTSL : ORDINARY FULLY PAID2.34BAppendix 2A
3 Mar 20253G · unquotedTSL : ORDINARY FULLY PAID2.34BAppendix 3G
18 Feb 20253G · unquotedTSL : ORDINARY FULLY PAID2.21BAppendix 3G
18 Feb 20252A · quoted issueTSL : ORDINARY FULLY PAID2.34BAppendix 2A
5 Dec 20243G · unquotedTSL : ORDINARY FULLY PAID2.21BAppendix 3G
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

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

$243k
Placement (Listed Options) - Priority Offer & Bonus Issue
10 July 2026 ACTIVE
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

4.7%
Total overhang · of current shares
1.2%
In the money · at current price
110.5M
Potential new shares
Feb 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
30 June 2025Jason FerrisBuy2.5M——3Y 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

9 July 2026Proposed issue of securities - TSL
8 July 2026Letter to Shareholders/Options Offer Application Form
8 July 2026$POptions Prospectus
22 June 2026$PMannar Hydrology Program Completed Successfully
18 June 2026Results of Meeting
16 June 2026Sri Lankan Mineral Sands Conference
15 June 2026Offtake and Investment Discussions Commence
12 June 2026Change of Auditor
19 May 2026Letter to Shareholders - Notice of General Meeting
19 May 2026Notice of General Meeting/Proxy Form
28 Apr 2026$PQuarterly Activities Report and Appendix 5B
16 Apr 2026Proposed issue of securities - TSL
16 Apr 2026$PProject Status Update
14 Apr 2026$PTrading Halt
13 Mar 2026Half Year Accounts
11 Feb 2026$PResponse to ASX Price Query
30 Jan 2026$PQuarterly Activities Report and Appendix 5B
6 Jan 2026$PMining Licence Application Lodged for Mannar HMS Project
4 Jan 2026$PTrading Halt
20 Nov 2025New Constitution

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