UNITY METALS LIMITED

ASX:UM1Materials

169.8M shares on issueASX (delayed) · snapshot 11 Sept 2026190.8M fully diluted+12.3% if every option and right converts$0.19price · delayed$32.3Mmarket cap · indicative

Today’s holders own 89.0% of what they think they own, once every option and right converts.

Low

Dilution riskprovisional — limited history

Runway under 2 quarters; options/rights overhang 12% of shares

Absolute levels — not a ranking against other companies.

Cash runway-0.3 quarters of funding

Share-count growth (24m)0.0%

Raise cadence (24m)0 cash raises

Options & rights overhang12.3% of shares

In-the-money supplyno data — no exercise price on record

Pending proposed issuesnone

UNITY METALS LIMITED is a recently listed company, with its initial ASX disclosures dating from January 2026. The company's ordinary share count was 170M as of January 2026. It has not undertaken any capital raises in the past 24 months. Options and rights on issue could convert into 21M new shares, representing 12.3% of the current share count, with the nearest expiry in June 2027. At the June 2026 quarter the company reported A$-717K in available cash, indicating a funding shortfall of 0.2 quarters at its recent spending rate. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026

Get told when this changes

Set up alerts

Daily email alerts cover risk-level moves, new raises, pending proposed issues and option expiries for the companies you follow.

12.3%

Options & rights overhang

—

In-the-money supply · no stated strikes

Raises · last 12 months

-0.3 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 169.8M per ASX (delayed) (snapshot 11 Sept 2026).

Cash runway

-0.3 qtrs

Less than two quarters of funding at the recent spend rate — near-term funding pressure.

$-749k 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: $1.6M cash at quarter end (item 4.6), 0.6 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.

Free account

2 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.

Free account: 2 full company unlocks every month, no card.

Create free account See plans

Issuance timeline

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

Date	Form	Security	On issue, per this filing	Source
1 June 2026	3H · cancellation	UM1 : ORDINARY FULLY PAID	145.8M	Appendix 3H
1 June 2026	3H · cancellation	UM1 : ORDINARY FULLY PAID	145.8M	Appendix 3H
29 May 2026	2A · quoted issue	UM1 : ORDINARY FULLY PAID	145.9M	Appendix 2A
22 May 2026	2A · quoted issue	UM1 : ORDINARY FULLY PAID	145.8M	Appendix 2A
18 May 2026	2A · quoted issue	UM1 : ORDINARY FULLY PAID	145.3M	Appendix 2A

Each filing states the count for the security it names, as at its own reference date and in the units of that filing — so the newest row (145.8M) need not equal the current count above (169.8M).

Free account

7 filings on record — Full issuance history

Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).

Free account: 2 full company unlocks every month, no card.

Create free account See plans

Capital raises

No equity raises in the last 24 months.

Free account

Full raise history

Issue price, shares issued, brokers and stated purpose for every raise on record.

Free account: 2 full company unlocks every month, no card.

Create free account See plans

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.

Free account

3 dated events on record — Forward supply calendar

Option expiries and proposed issues on one forward timeline, with the securities each could add.

Free account: 2 full company unlocks every month, no card.

Create free account See plans

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.

Free account

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.

Free account: 2 full company unlocks every month, no card.

Create free account See plans

Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

12.3%

Options & rights overhang · of current shares

—

In-the-money supply · no stated strikes

21.0M

Potential new shares

June 2027

Nearest expiry

What this supply is, and what converts it

Price-triggered5.6M · 3.3% of shares
Options and warrants — they convert when the share price clears their exercise price.
No exercise price is on record for any of it, so none of it can be called in or out of the money.
Condition-triggered15.4M · 9.1% of shares
Performance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.

Exercise price on record: 0 priced, 21.0M where the filing never states one. A security with no exercise price is never counted in the money — nothing is paid to convert it, so there is no price for it to be above.

Each figure is the filing’s own count of securities, not a share count — a 2A never states what one security converts into.

What a price move would switch on

No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 21.0M 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
UM1AF	Options	Price-triggered	—	30 June 2027	1.4M	Filing
UM1AG	Options	Price-triggered	—	31 Dec 2028	2.1M	Filing
UM1AH	Options	Price-triggered	—	31 Dec 2028	2.1M	Filing
UM1AJ	Performance rights	Condition-triggered	—	—	2.8M	Filing
UM1AI	Performance rights	Condition-triggered	—	—	12.6M	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.

Free account

5 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.

Free account: 2 full company unlocks every month, no card.

Create free account See plans