Companies / HOR

HORSESHOE METALS LIMITED

ASX:HORMaterials
750.0M shares on issueASX (delayed) · as of 28 July 2026$0.020price · delayed$15.0Mmarket cap · indicative
C
Dilution grade

Runway under 2 quarters; share count grew 16% in 24 months; options/rights overhang 6% of shares

Cash runway-1.3 quarters of funding
Share-count growth (24m)15.5%
Raise cadence (24m)0 cash raises
Options & rights overhang6.0% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

HORSESHOE METALS LIMITED's ordinary share count increased 15.5% between June 2024 and June 2026 to 750M shares. The company did not raise capital during the 24‑month window. Options and rights on issue could convert into 45M new shares, equal to 6.0% of the current share count, with the nearest expiry in February 2028 and 0% in the money. At the March 2026 quarter the company reported A$-76K in available cash, equivalent to -1.3 quarters of runway at its recent spending rate. No proposed securities issues (Appendix 3B) are currently pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
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6.0%
Max option dilution
0.0%
ITM option dilution
0
Raises · last 12 months
-1.3 qtrs
Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 750.0M per ASX (delayed) (28 July 2026).
681.5M706.6M731.8MDec 24Sept 25July 26

Cash runway

-1.3 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$-76k 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
16 June 20262A · quoted issueHOR : ORDINARY FULLY PAID750.0MAppendix 2A
16 June 20263G · unquotedHOR : ORDINARY FULLY PAID749.0MAppendix 3G
6 May 20263H · cancellationHOR : ORDINARY FULLY PAID749.0MAppendix 3H
4 Feb 20262A · quoted issueHOR : ORDINARY FULLY PAID749.0MAppendix 2A
4 Feb 20263G · unquotedHOR : ORDINARY FULLY PAID748.0MAppendix 3G
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

No equity raises in the last 24 months.
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

6.0%
Total overhang · of current shares
0.0%
In the money · at current price
44.6M
Potential new shares
Feb 2028
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
16 June 2026Peter WalkerOther—2.8M—3Y notice
16 June 2026Kate StoneyOther1.0M1.0M—3Y notice
16 Jan 2026Kate StoneyOther1.5M——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

1 July 2026Vesting of Options
16 June 2026Change of Director's Interest Notice - PW
16 June 2026Change of Director's Interest Notice - KS
16 June 2026Cleansing Notice
16 June 2026Application for quotation of securities - HOR
16 June 2026Notification regarding unquoted securities - HOR
20 May 2026Results of Meeting
6 May 2026Notification of cessation of securities - HOR
30 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
27 Apr 2026$PPrecious Metal Credits Add Significant Value to Copper DSO
20 Apr 2026Access Letter - Notice of Annual General Meeting
20 Apr 2026Notice of Annual General Meeting/Proxy Form
31 Mar 2026Annual Report to shareholders
17 Feb 2026$PNew Copper Exploration Target - Motters Zone
4 Feb 2026Cleansing Notice
4 Feb 2026Application for quotation of securities - HOR
4 Feb 2026Proposed issue of securities - HOR
4 Feb 2026Notification regarding unquoted securities - HOR
30 Jan 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
16 Jan 2026Change of Director's Interest Notice - KS

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