Companies / L1M

LIGHTNING MINERALS LTD

ASX:L1MMaterials
339.8M shares on issueASX (delayed) · as of 28 July 2026$0.014price · delayed$4.8Mmarket cap · indicative
F
Dilution grade

Share count grew 271% in 24 months; runway 2–4 quarters; 3 cash raises in 24 months

Cash runway2.2 quarters of funding
Share-count growth (24m)270.6%
Raise cadence (24m)3 cash raises
Options & rights overhang86.5% of shares
In-the-money supply0.0% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

LIGHTNING MINERALS LTD's ordinary share count grew 270.6% between June 2024 and June 2026, to 340M shares. The company raised capital three times in the 24-month window for total proceeds of A$6.3M, most recently A$1.7M in May 2026. Options and rights on issue could convert into 294M new shares, equal to 86.5% of the current share count, of which 0% are in the money; the nearest expiry is November 2026. At the March 2026 quarter the company reported A$1.5M in available cash, about 2.2 quarters of funding at its recent spending rate. One proposed securities issue (Appendix 3B) is pending with an expected issue date in July 2026.

AI-generated summary of this page's cited filings · updated 28 July 2026
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86.5%
Max option dilution
0.0%
ITM option dilution
2
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 339.8M per ASX (delayed) (28 July 2026).
153.0M221.6M290.2MDec 24Sept 25July 26Cash raise · 29 May 2026Cash raise · 24 Nov 2025Cash raise · 20 June 2025

Cash runway

2.2 qtrs
Two to four quarters of funding at the recent spend rate.
$1.5M 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
9 June 20262A · quoted issueL1M : ORDINARY FULLY PAID339.8MAppendix 2A
5 Mar 20262A · quoted issueL1M : ORDINARY FULLY PAID277.3MAppendix 2A
4 Mar 20262A · quoted issueL1M : ORDINARY FULLY PAID277.3MAppendix 2A
8 Feb 20262A · quoted issueL1M : ORDINARY FULLY PAID277.3MAppendix 2A
15 Dec 20253G · unquotedL1M : ORDINARY FULLY PAID247.9MAppendix 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

3 cash raises in the last 24 months · 2 in the last 12 months

$1.7M
Capital raise
29 May 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

1 proposed issue 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

86.5%
Total overhang · of current shares
0.0%
In the money · at current price
294.0M
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
14 May 2026David VilenskyOther3.1M1.0M—3Y notice
26 Feb 2026David VilenskyBuy900k500k$21k3Y notice
12 Dec 2025David VilenskyOther—500k—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

24 July 2026Results of Meeting
20 July 2026Completion of phase 2 exploration at Warby Tungsten Project
12 July 2026$PLightning accelerates Warby tungsten exploration program
9 July 2026Lightning to enhance AI exploration with Eigenform NextMaps
6 July 2026Mt Turner Western Zone soil geochemistry program completed
2 July 2026Supplementary information to ASX announcement on 1 July 2026
30 June 2026Rhyolite intrusion hosted gold mineralisation at Mt Turner
26 June 2026Initial Director's Interest Notice
26 June 2026Final Director's Interest Notice
23 June 2026Troy Brice appointed Managing Director of Lightning Minerals
23 June 2026Notice of General Meeting, Proxy Form & Access Letter
21 June 2026L1M ADVANCES SECOND GOLD EXPLORATION PROGRAM AT MT TURNER
18 June 2026Drummer Fault Soil Sampling Delivers Phase 2 Drill Targets
10 June 2026Change in substantial holding
9 June 2026Section 708A (5) Notification
9 June 2026Application for quotation of securities - L1M
9 June 2026Release of Securities from Voluntary Escrow
3 June 2026$PHIGH-GRADE TUNGSTEN ASSAYS CONFIRM EXTENSIVE MINERALISATION
2 June 2026Proposed issue of securities - L1M
2 June 2026Proposed issue of securities - L1M

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