Companies / BCM

BRAZILIAN CRITICAL MINERALS LIMITED

ASX:BCMMaterials
2.11B shares on issueAppendix 2A · as of 28 July 2026$0.040price · delayed$84.4Mmarket cap · indicative
D
Dilution grade

Share count grew 154% in 24 months; 7 cash raises in 24 months; options/rights overhang 25% of shares

Cash runway31.6 quarters of funding
Share-count growth (24m)154.5%
Raise cadence (24m)7 cash raises
Options & rights overhang25.1% of shares
In-the-money supply18.4% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

BRAZILIAN CRITICAL MINERALS LIMITED's ordinary share count grew 154.5% between June 2024 and July 2026, to 2.11B shares. The company raised capital seven times in the 24‑month window for disclosed proceeds totaling A$30.3M, most recently a A$10.1M placement in July 2026 (total covers only raises with disclosed, confirmed proceeds). Options and rights on issue could convert into 531M new shares, equal to 25.1% of the current share count, of which 18% are in the money; the nearest expiry is December 2026. At the June 2026 quarter it reported A$38.1M in available cash, about 31.6 quarters of funding at its recent rate. Two proposed securities issues (Appendix 3B) are pending, the nearest proposed date is August 2026.

AI-generated summary of this page's cited filings · updated 28 July 2026
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25.1%
Max option dilution
18.4%
ITM option dilution
5
Raises · last 12 months
31.6 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 2.11B per Appendix 2A (28 July 2026).
1.15B1.50B1.85BDec 24Sept 25July 26Cash raise · 3 July 2026Cash raise · 30 Sept 2025Cash raise · 30 Sept 2025Cash raise · 27 Aug 2025Cash raise · 12 Aug 2025Cash raise · 2 June 2025

Cash runway

31.6 qtrs
More than four quarters of funding at the recent spend rate.
$38.1M available cash at quarter ended 30 June 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 30 June 2026.
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Issuance timeline

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

DateFormSecurityTotal on issue afterSource
28 July 20262A · quoted issueBCM : ORDINARY FULLY PAID2.11BAppendix 2A
13 July 20262A · quoted issueBCM : ORDINARY FULLY PAID1.97BAppendix 2A
13 July 20262A · quoted issueBCM : ORDINARY FULLY PAID2.11BAppendix 2A
1 July 20262A · quoted issueBCM : ORDINARY FULLY PAID1.97BAppendix 2A
25 May 20262A · quoted issueBCM : ORDINARY FULLY PAID1.96BAppendix 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

7 cash raises in the last 24 months · 5 in the last 12 months

$10.1M
Placement
3 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

2 proposed issues 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.
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Options & convertible securities

25.1%
Total overhang · of current shares
18.4%
In the money · at current price
531.1M
Potential new shares
Dec 2026
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
11 Jan 2026Andrew ReidSell—370k—3Y notice
31 Dec 2025Andrew ReidSell7.5M——3Y notice
19 Dec 2025Andrew ReidOther15.0M——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

28 July 2026Cleansing Notice
28 July 2026Application for quotation of securities - BCM
24 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
13 July 2026Cleansing Notice
13 July 2026Application for quotation of securities - BCM
13 July 2026Application for quotation of securities - BCM
7 July 2026Proposed issue of securities - BCM
7 July 2026Proposed issue of securities - BCM
7 July 2026Proposed issue of securities - BCM
7 July 2026$P$10 Million Institutional Placement To Advance Ema Project
5 July 2026$PTrading Halt
1 July 2026Cleansing Notice
1 July 2026Application for quotation of securities - BCM
29 June 2026$PEma BFS - Investor Presentation
29 June 2026$PEma BFS Delivers Exceptional Economics
28 June 2026Investor Webinar
28 June 2026$PTrading Halt
14 June 2026$PFederal Mines Agency Approval
4 June 2026$PStrong Magnesium Sulphate Leach Results
25 May 2026Cleansing Notice

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