Companies / WA1

WA1 RESOURCES LTD

ASX:WA1Materials
74.3M shares on issueASX (delayed) · as of 28 July 2026$11.55price · delayed$832.7Mmarket cap · indicative
B
Dilution grade

2 cash raises in 24 months; share count grew 15% in 24 months

Cash runway14.3 quarters of funding
Share-count growth (24m)14.6%
Raise cadence (24m)2 cash raises
Options & rights overhang0.6% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

WA1 RESOURCES LTD's ordinary share count rose 14.6% between July 2024 and July 2026 to 74M shares. The company completed two capital raises in the 24‑month window for total proceeds of A$200.0M, most recently a placement of A$100.0M in August 2025. Options and rights on issue could convert into 440,750 new shares, equal to 0.6% of the current share count, with 0% in the money. At the March 2026 quarter the company reported A$120.3M in available cash, equivalent to 14.3 quarters of cover at its recent reported burn 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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0.6%
Max option dilution
0.0%
ITM option dilution
2
Raises · last 12 months
14.3 qtrs
Cash cover · over 4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 74.3M per ASX (delayed) (28 July 2026).
69.1M71.0M73.0MDec 24Sept 25July 26Cash raise · 13 Aug 2025Cash raise · 13 Aug 2025

Cash runway

14.3 qtrs
More than four quarters of funding at the recent spend rate.
$120.3M 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
17 July 20262A · quoted issueWA1 : ORDINARY FULLY PAID74.3MAppendix 2A
27 Mar 20262A · quoted issueWA1 : ORDINARY FULLY PAID74.3MAppendix 2A
4 Feb 20263G · unquotedORDINARY FULLY PAID74.3MAppendix 3G
12 Dec 20252A · quoted issueWA1 : ORDINARY FULLY PAID74.3MAppendix 2A
21 Aug 20252A · quoted issueWA1 : ORDINARY FULLY PAID74.2MAppendix 2A
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

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

$100.0M
Placement
13 Aug 2025 COMPLETE
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

0.6%
Total overhang · of current shares
0.0%
In the money · at current price
441k
Potential new shares
—
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 2025Thomas LyonsOther—650k—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

17 July 2026Application for quotation of securities - WA1
5 July 2026Change in substantial holding
21 June 2026$PLuni Niobium Project - Metallurgical Results
19 May 2026$PCorporate Presentation - Luni Niobium Project
13 May 2026$PLuni Niobium Project - MRE
11 May 2026Ceasing to be a substantial holder
7 May 2026Becoming a substantial holder
26 Apr 2026$PMarch 2026 Quarterly Activities and Cash Flow Report
26 Apr 2026Change in substantial holding
19 Apr 2026Becoming a substantial holder
27 Mar 2026Application for quotation of securities - WA1
16 Mar 2026Change in substantial holding
11 Mar 2026Half Year Accounts
2 Mar 2026$PLuni Niobium Project - Assay Results
4 Feb 2026Notification regarding unquoted securities - WA1
27 Jan 2026$PDecember 2025 Quarterly Activities and Cash Flow Report
18 Jan 2026$PCorporate Presentation - Luni Niobium Project
8 Jan 2026$PLuni Niobium Project - Assay Results
12 Dec 2025Application for quotation of securities - WA1
20 Nov 2025$PLuni Niobium Project - Major Project Status

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