Companies / LMG

LATROBE MAGNESIUM LIMITED

ASX:LMGMaterials
3.41B shares on issueASX (delayed) · as of 28 July 2026$0.011price · delayed$39.3Mmarket cap · indicative
D
Dilution grade

Runway under 2 quarters; share count grew 47% in 24 months; 4 cash raises in 24 months

Cash runway1.2 quarters of funding
Share-count growth (24m)46.9%
Raise cadence (24m)4 cash raises
Options & rights overhang6.7% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

LATROBE MAGNESIUM LIMITED's ordinary share count grew 46.9% between July 2024 and July 2026, to 3.41B shares. The company raised capital four times in that period for total proceeds of A$27.6M, most recently a A$4.0M placement in July 2026. Options and rights on issue could convert into 228M new shares, equal to 6.7% of the current share count, with 0% in the money at present and the nearest expiry in August 2027. At the March 2026 quarter the company reported A$3.9M in available cash, about 1.2 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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6.7%
Max option dilution
0.0%
ITM option dilution
3
Raises · last 12 months
1.2 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 3.41B per ASX (delayed) (28 July 2026).
2.57B2.88B3.19BDec 24Sept 25July 26Cash raise · 13 July 2026Cash raise · 9 Oct 2025Cash raise · 9 Oct 2025Cash raise · 1 Apr 2025

Cash runway

1.2 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$3.9M 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
13 July 20263G · unquotedLMG : ORDINARY FULLY PAID3.13BAppendix 3G
13 July 20262A · quoted issueLMG : ORDINARY FULLY PAID3.41BAppendix 2A
21 Apr 20262A · quoted issueLMG : ORDINARY FULLY PAID3.13BAppendix 2A
4 Jan 20263H · cancellationLMG : ORDINARY FULLY PAID3.13BAppendix 3H
5 Dec 20252A · quoted issueLMG : ORDINARY FULLY PAID3.13BAppendix 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

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

$4.0M
Placement
13 July 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

6.7%
Total overhang · of current shares
0.0%
In the money · at current price
227.7M
Potential new shares
Aug 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
27 Nov 2025David Oliver PatersonBuy26.3M——3Y notice
27 Nov 2025John Robert LeeBuy4.7M——3Y notice
27 Nov 2025John Stephen MurrayBuy5.1M——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 2026Magnesium Metal Update
23 July 2026$PLMG Appoints New CEO
23 July 2026$PLatrobe Magnesium Appoints New CEO
20 July 2026LMG Investor Webinar
13 July 2026Notification regarding unquoted securities - LMG
13 July 2026Cleansing Statement
13 July 2026Proposed issue of securities - LMG
13 July 2026Terms of Unlisted Options
13 July 2026Application for quotation of securities - LMG
13 July 2026Proposed issue of securities - LMG
12 July 2026$PLMG secures strategic investor
29 June 2026$PMagnesium Metal Update June
18 May 2026Magnesium Metal Update
29 Apr 2026$PInvestor Presentation
28 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
21 Apr 2026Application for quotation of securities - LMG
21 Apr 2026Proposed issue of securities - LMG
30 Mar 2026$PMX Prepayment
23 Mar 2026$PHigh Grade MgO Produced
13 Mar 2026Half Yearly Report and Accounts

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