Companies / FME

FUTURE METALS NL

ASX:FMEEnergy
958.4M shares on issueASX (delayed) · as of 28 July 2026$0.012price · delayed$11.5Mmarket cap · indicative
D
Dilution grade

Share count grew 67% in 24 months; runway 2–4 quarters; options/rights overhang 42% of shares

Cash runway2.2 quarters of funding
Share-count growth (24m)66.7%
Raise cadence (24m)2 cash raises
Options & rights overhang42.1% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

FUTURE METALS NL's ordinary share count grew 66.7% between July 2024 and July 2025, to 958M shares. The company raised capital twice in that period for total proceeds of A$4.2M, most recently A$2.6M in May 2025. Options and rights on issue could convert into 404M new shares, equal to 42.1% of the current share count, with 0% in the money at the current share price and the nearest expiry in November 2026. At the March 2026 quarter the company reported A$1.3M in available cash, about 2.2 quarters of funding at its recent spending 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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42.1%
Max option dilution
0.0%
ITM option dilution
0
Raises · last 12 months
2.2 qtrs
Cash cover · 2–4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 958.4M per ASX (delayed) (28 July 2026).
655.5M766.7M877.9MDec 24Sept 25July 26Cash raise · 7 May 2025Cash raise · 10 Apr 2025

Cash runway

2.2 qtrs
Two to four quarters of funding at the recent spend rate.
$1.3M 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
30 June 20263H · cancellationFME : ORDINARY FULLY PAID958.4MAppendix 3H
30 June 20263H · cancellationFME : ORDINARY FULLY PAID958.4MAppendix 3H
1 July 20252A · quoted issueFME : ORDINARY FULLY PAID958.4MAppendix 2A
20 June 20252A · quoted issueFME : ORDINARY FULLY PAID908.9MAppendix 2A
23 Apr 20252A · quoted issueFME : ORDINARY FULLY PAID718.8MAppendix 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 · 0 in the last 12 months

$2.6M
Capital raise
7 May 2025
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

42.1%
Total overhang · of current shares
0.0%
In the money · at current price
403.7M
Potential new shares
Nov 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
20 June 2025John CarrBuy556k——3Y notice
20 June 2025Sam RoddaBuy222k——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

27 July 2026Strategic Review Completed at Panton
8 July 2026$PPanton Project advances towards development on updated MRE
30 June 2026Notification of cessation of securities - FME
30 June 2026Notification of cessation of securities - FME
19 May 2026Clarification and Retraction Announcement
29 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
15 Apr 2026$PSavannah Plant Assessment for Panton PGM Project
9 Apr 2026Final Director's Interest Notice - Carr
9 Apr 2026Initial Director's Interest Notice - Hutton
8 Apr 2026Future Metals Board and Management Update
9 Mar 2026Half Year Accounts
23 Feb 2026FME Commences Savannah Plant Option Review and Assessment
10 Feb 2026Amendments to Investor Presentation
5 Feb 2026Presentation - Commodity price window is open for Panton
27 Jan 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
18 Jan 2026FME Strengthens Geological Team
14 Dec 2025$PStrategic Planning Identifies Value-add Work Programs
28 Nov 2025Results of Annual General Meeting
29 Oct 2025$PQuarterly Activities/Appendix 5B Cash Flow Report
24 Oct 2025Letter to Shareholders

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