UNITY METALS LIMITED
ASX:UM1MaterialsToday’s holders own 85.7% of what they think they own, once every option and right converts.
Share count grew 15% in 24 months; runway 4–8 quarters; 2 cash raises in 24 months
UNITY METALS LIMITED's ordinary share count increased 15.1% between May 2026 and October 2026, its latest share-count filing, to 195M shares. The company raised capital twice in the 24-month window for total proceeds of A$12.4M, most recently a A$3.8M Placement / Share Purchase Plan in September 2026. Options and rights on issue could convert into 33M new shares, representing 16.7% of the current share count; none are in the money at the current share price, and the nearest expiry is June 2027. The company has more than 4 quarters of funding at the recent spend rate. One proposed securities issue (Appendix 3B) is pending, with an expected issue date in November 2026.
Quick answers · 4
Is UM1 raising capital?
Unity Metals has 1 proposed issue of securities pending under Appendix 3B as at 28 Oct 2026; the most recent raise announced is Placement / Share Purchase Plan of $3.8M on 25 Sept 2026.
How much cash does UM1 have?
In its quarterly cash report for the quarter ended 30 Sept 2026, Unity Metals reported $3.4M of cash and estimated 2.3 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do UM1's options expire?
Unexercised options and rights equal 16.7% of Unity Metals's shares on issue; the nearest expiry is June 2027.
How much has UM1's share count grown?
Unity Metals has 195.4M shares on issue as at 28 Oct 2026, up 15.1% over 24 months according to its Appendix 2A filings.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 23 Oct 2026 | 2A · quoted issue | UM1 : ORDINARY FULLY PAID | 171.5M | Appendix 2A |
| 1 Oct 2026 | 2A · quoted issue | UM1 : ORDINARY FULLY PAID | 169.3M | Appendix 2A |
| 1 Oct 2026 | 3G · unquoted | UM1 : ORDINARY FULLY PAID | 145.9M | Appendix 3G |
| 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 |
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 (171.5M) need not equal the current count above (195.4M).
Securities on issue over time
Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.
Capital raises
2 cash raises in the last 24 months · 2 in the last 12 months
Results due
What the company's own reports say is coming, and when. A month is one the report names; “by end of year” is a deadline such as “Q4”. See every explorer on the results calendar.
- by end 2026 · assay results release (to complete)
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 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
- Price-triggered17.3M · 8.8% of sharesOptions and warrants — they convert when the share price clears their exercise price.At least 5.6M of it states no exercise price — that much cannot be called in or out of the money.
- Condition-triggered15.4M · 7.9% of sharesPerformance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
Exercise price on record: 11.7M 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.
An exercise price is on record for only 35.8% 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 $0.095 today. No more priced supply until 3× today’s price, which takes it to 11.7M (6.0% 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.
- 21.0M (64.2% 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 |
|---|---|---|---|---|---|---|
| UM1AF | Options | Price-triggered, no exercise price stated | — | 30 June 2027 | 1.4M | Filing |
| UM1AK | Options | Price-triggered | $0.23 | 31 Oct 2028 | 11.7M | Filing |
| UM1AG | Options | Price-triggered, no exercise price stated | — | 31 Dec 2028 | 2.1M | Filing |
| UM1AH | Options | Price-triggered, no exercise price stated | — | 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. For what expires soon across other listed companies, see the options expiry calendar.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | ANDREW MICHAEL WRIGHT | Other entitlement/SPP | 200k | — | — | $30k | 3Y notice |
| 23 Oct 2026 | ANTHONY MARK ASHALL | Other entitlement/SPP | 67k | — | — | $10k | 3Y notice |
| 23 Oct 2026 | CRAIG ROSS MACKAY | Other entitlement/SPP | 200k | 20k | — | $30k | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.