Companies / CXO

CORE LITHIUM LTD

ASX:CXOMaterials
3.24B shares on issueASX (delayed) · as of 28 July 2026$0.26price · delayed$776.8Mmarket cap · indicative
C
Dilution grade

Share count grew 51% in 24 months; 2 cash raises in 24 months; 0% of shares in the money

Cash runway28.2 quarters of funding
Share-count growth (24m)51.0%
Raise cadence (24m)2 cash raises
Options & rights overhang2.3% of shares
In-the-money supply0.4% of shares
Pending proposed issuesnone

CORE LITHIUM LTD's ordinary share count grew 51.0% between September 2024 and May 2026, to 3.24B shares. The company raised capital twice in the 24‑month window for total proceeds of A$211.9M, most recently A$157.6M in March 2026. Options and rights on issue could convert into 75M new shares, equal to 2.3% of the current share count, with 0% in the money and the nearest expiry in June 2027. At the June 2026 quarter the company reported A$282.7M in available cash, equivalent to 28.2 quarters of cover. 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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2.3%
Max option dilution
0.4%
ITM option dilution
2
Raises · last 12 months
28.2 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 3.24B per ASX (delayed) (28 July 2026).
2.37B2.69B3.01BDec 24Sept 25July 26Cash raise · 17 Mar 2026Cash raise · 26 Aug 2025

Cash runway

28.2 qtrs
More than four quarters of funding at the recent spend rate.
$282.7M 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
7 May 20262A · quoted issueCXO : ORDINARY FULLY PAID3.24BAppendix 2A
9 Apr 20263G · unquotedCXO : ORDINARY FULLY PAID2.92BAppendix 3G
1 Apr 20263G · unquotedORDINARY FULLY PAID2.92BAppendix 3G
23 Mar 20262A · quoted issueCXO : ORDINARY FULLY PAID2.92BAppendix 2A
1 Feb 20262A · quoted issueCXO : ORDINARY FULLY PAID2.66BAppendix 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

$157.6M
Capital raise
17 Mar 2026
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

2.3%
Total overhang · of current shares
0.4%
In the money · at current price
74.6M
Potential new shares
June 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.
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Director dealings

DateDirectorTypeSharesOptionsValueSource
8 May 2026Alicia SHERWOODBuy238k—$50k3Y notice
8 May 2026Paul BROWNOther2.4M—$500k3Y notice
8 May 2026Malcolm MCCOMASOther238k—$50k3Y 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

23 July 2026Initial Director's Interest - A Neuling
23 July 2026Director Changes
16 July 2026Axiant Lodges IPO Prospectus
14 July 2026June Quarterly Report Presentation
14 July 2026$PQuarterly Activities and Cashflow Report
12 July 2026June Quarterly Report and Webcast
30 June 2026Final Director's Interest - G English
25 June 2026Gold Spin Out into Axiant Resources Limited
21 June 2026$PBP33 Underground Portal Commencement and First Shipment
18 June 2026Exploration Program Commenced and Bynoe Tenement Acquired
10 June 2026Gold Spin Out and Director Changes
9 June 2026$PSecond Sale of Lithium Fines
19 May 2026$PCore Commences Mining Operations at Finniss
12 May 2026$PCore Awards BP33 Underground Mining Contract at Finniss
12 May 2026Change in substantial holding
7 May 2026Change of Director's Interest - P Brown
7 May 2026Change of Director's Interest - A Sherwood
7 May 2026Change of Director's Interest - M McComas
7 May 2026Cleansing Notice - Share Placement
7 May 2026Application for quotation of securities - CXO

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