Companies / IR1

IRIS METALS LIMITED

ASX:IR1Materials
288.4M shares on issueASX (delayed) · as of 28 July 2026$0.062price · delayed$16.2Mmarket cap · indicative
F
Dilution grade

Runway under 2 quarters; share count grew 112% in 24 months; 5 cash raises in 24 months

Cash runway1.1 quarters of funding
Share-count growth (24m)112.5%
Raise cadence (24m)5 cash raises
Options & rights overhang36.1% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

IRIS METALS LIMITED's ordinary share count grew 112.5% between July 2024 and July 2026, to 287M shares. The company raised capital five times in that period for total disclosed proceeds of A$27.5M, most recently a A$5.5M placement in January 2026. Options and rights on issue could convert into 104M new shares, equal to 36.1% of the current share count, with 0% in the money at the current share price and the nearest expiry in August 2026. At the March 2026 quarter the company reported A$2.1M in available cash, about 1.1 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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36.1%
Max option dilution
0.0%
ITM option dilution
4
Raises · last 12 months
1.1 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 288.4M per ASX (delayed) (28 July 2026).
174.8M216.5M258.2MDec 24Sept 25July 26Cash raise · 29 Jan 2026Cash raise · 29 Jan 2026Cash raise · 11 Sept 2025Cash raise · 28 July 2025

Cash runway

1.1 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$2.1M 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.
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Issuance timeline

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

DateFormSecurityTotal on issue afterSource
3 July 20262A · quoted issueIR1 : ORDINARY FULLY PAID286.9MAppendix 2A
2 July 20262A · quoted issueIR1 : ORDINARY FULLY PAID287.4MAppendix 2A
30 June 20263H · cancellationORDINARY FULLY PAID285.9MAppendix 3H
24 June 20263H · cancellationIR1 : ORDINARY FULLY PAID285.9MAppendix 3H
15 June 20263H · cancellationIR1 : ORDINARY FULLY PAID285.9MAppendix 3H
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

5 cash raises in the last 24 months · 4 in the last 12 months

$5.5M
Placement
29 Jan 2026 COMPLETE
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

36.1%
Total overhang · of current shares
0.0%
In the money · at current price
104.0M
Potential new shares
Aug 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
30 June 2026Peter MarksOther———3Y notice
1 Apr 2026Christopher Allan EvansOther303k152k$50k3Y notice
1 Apr 2026Peter MarksOther303k152k$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

28 July 2026Update to Announcement 15 July 2026
14 July 2026$PStrategic Tungsten project enters new exploration phase
9 July 2026Notice of Annual General Meeting/Proxy Form
9 July 2026Change of Registered Office
3 July 2026Cleansing Notice under Section 708A(5)(e) of Corps Act
3 July 2026Application for quotation of securities - IR1
2 July 2026Cleansing Notice under Section 708A(5)(e) of Corps Act
2 July 2026Application for quotation of securities - IR1
30 June 2026Company Secretary Appointment and Resignation
30 June 2026Change of Director's Interest Notice - PM
30 June 2026Notification of cessation of securities - IR1
29 June 2026Appendix 4G and Corporate Governance Statement
29 June 2026FY26 - Audited Financial Statements and Annual Report
24 June 2026Notification of cessation of securities - IR1
15 June 2026Notification of cessation of securities - IR1
9 June 2026Cleansing Notice under Section 708A(5)(e) of Corps Act
9 June 2026Application for quotation of securities - IR1
11 May 2026Ceasing to be a substantial holder from RCM
1 May 2026Upcoming Option Expiry
1 May 2026Update on Ingersoll Project Acquisition

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