Companies / AT4

AMERICAN TUNGSTEN & ANTIMONY LTD

ASX:AT4Materials

1.82B shares on issueASX (delayed) · as of 28 July 2026$0.041price · delayed$74.6Mmarket cap · indicative

Dilution grade

Share count grew 43% in 24 months; 3 cash raises in 24 months; runway 4–8 quarters

Cash runway4.2 quarters of funding

Share-count growth (24m)42.8%

Raise cadence (24m)3 cash raises

Options & rights overhang22.3% of shares

In-the-money supply0.0% of shares

Pending proposed issuesopen proposed issue (Appendix 3B)

AMERICAN TUNGSTEN & ANTIMONY LTD's ordinary share count grew 42.8% between December 2025 and July 2026, to 1.82B shares. The company issued shares in three capital raises over the 24-month window for total proceeds of A$25.1M, most recently a A$4.3M scrip consideration for an acquisition in July 2026. Options and rights on issue could convert into 405M new shares, equal to 22.3% of the current share count, with 0% in the money at the current share price and the nearest expiry in September 2027. At the March 2026 quarter the company reported A$16.1M in available cash, covering 4.2 quarters at recent spending rates. One proposed securities issue (Appendix 3B) is pending, with an expected issue date in September 2026.

AI-generated summary of this page's cited filings · updated 28 July 2026

22.3%

Max option dilution

0.0%

ITM option dilution

Raises · last 12 months

4.2 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 1.82B per ASX (delayed) (28 July 2026).

Cash runway

4.2 qtrs

More than four quarters of funding at the recent spend rate.

$16.1M 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.

Join the waitlist

Issuance timeline

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

Date	Form	Security	Total on issue after	Source
9 July 2026	2A · quoted issue	AT4 : ORDINARY FULLY PAID	1.82B	Appendix 2A
7 July 2026	3H · cancellation	AT4 : ORDINARY FULLY PAID	1.81B	Appendix 3H
2 July 2026	2A · quoted issue	AT4 : ORDINARY FULLY PAID	1.81B	Appendix 2A
29 June 2026	2A · quoted issue	AT4 : ORDINARY FULLY PAID	1.75B	Appendix 2A
29 June 2026	2A · quoted issue	AT4 : ORDINARY FULLY PAID	1.68B	Appendix 2A

Paid plan

Full issuance history

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

Join the waitlist

Capital raises

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

$4.3M

Consideration for acquisition (scrip consideration)

24 July 2026 ACTIVE

Paid plan

Full raise history

Issue price, discount, brokers, purpose and tranche detail for every raise on record.

Join the waitlist

Pending proposed issues

1 proposed issue pending — Appendix 3B lodged, securities not yet issued. New shares from these issues are not in the counts above until quoted.

Paid plan

Pending issue detail

Size, price, fees, broker and placement-capacity usage for each pending issue.

Join the waitlist

Options & convertible securities

22.3%

Total overhang · of current shares

0.0%

In the money · at current price

405.4M

Potential new shares

Sept 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.

Join the waitlist

Director dealings

Date	Director	Type	Shares	Options	Value	Source
6 Mar 2026	Christopher Gregory	Other	—	—	—	3Y notice
24 Dec 2025	Timothy Morrison	Other	9.7M	—	—	3Y notice
24 Dec 2025	Christopher Gregory	Other	—	—	—	3Y notice