Companies / LRM

LION ROCK MINERALS LTD

ASX:LRMMaterials
3.66B shares on issueASX (delayed) · as of 28 July 2026$0.019price · delayed$69.6Mmarket cap · indicative
C
Dilution grade

Share count grew 20% in 24 months; runway 4–8 quarters; 2 cash raises in 24 months

Cash runway4.5 quarters of funding
Share-count growth (24m)19.7%
Raise cadence (24m)2 cash raises
Options & rights overhang14.6% of shares
In-the-money supply6.2% of shares
Pending proposed issuesnone

LION ROCK MINERALS LTD's ordinary share count grew 19.7% between October 2025 and June 2026, to 3.66B shares. The company raised capital twice in the 24-month window for total disclosed proceeds of A$10.6M, most recently raising A$2.0M in May 2026. Options and rights on issue could convert into 537M new shares, equal to 14.6% of the current share count, of which 6% are in the money at the current share price; the nearest expiry is September 2027. At the March 2026 quarter the company reported A$6.9M in available cash, about 4.5 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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14.6%
Max option dilution
6.2%
ITM option dilution
2
Raises · last 12 months
4.5 qtrs
Cash cover · over 4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 3.66B per ASX (delayed) (28 July 2026).
3.07B3.29B3.51BAug 25Feb 26July 26Cash raise · 18 May 2026Cash raise · 10 Oct 2025

Cash runway

4.5 qtrs
More than four quarters of funding at the recent spend rate.
$6.9M 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
11 June 20262A · quoted issueLRM : ORDINARY FULLY PAID3.66BAppendix 2A
20 May 20263G · unquotedLRM : ORDINARY FULLY PAID3.56BAppendix 3G
20 May 20263G · unquotedLRM : ORDINARY FULLY PAID3.56BAppendix 3G
2 Jan 20262A · quoted issueLRM : ORDINARY FULLY PAID3.56BAppendix 2A
15 Oct 20252A · quoted issueLRM : ORDINARY FULLY PAID3.06BAppendix 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 · 2 in the last 12 months

$2.0M
Capital raise
18 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

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

14.6%
Total overhang · of current shares
6.2%
In the money · at current price
536.6M
Potential new shares
Sept 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
11 June 2026David BrophyOther250k30.0M—3Y notice
11 June 2026Duncan CraibOther30.0M150.0M—3Y notice
2 Jan 2026Phillip GallagherOther118.7M——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

19 July 2026$PDrilling Commences at Monazite-REE Rich Minta Est
12 July 2026$PMinta 1 Delivers Third High-Grade Rutile Discovery
1 July 2026$PHigh-Grade Rutile Mineralised Corridor Emerging
11 June 2026Change of Director's Interest Notices (x2)
11 June 2026Cleansing Notice
11 June 2026Application for quotation of securities - LRM
10 June 2026$PStrong Drilling Results Support Lion Rock's Strategy
26 May 2026Initial Director's Interest Notices (x2)
26 May 2026Final Director's Interest Notices (x2)
20 May 2026Notification regarding unquoted securities - LRM
20 May 2026Notification regarding unquoted securities - LRM
20 May 2026Proposed issue of securities - LRM
20 May 2026$PLion Rock Appoints Former Sierra Rutile Leadership Team
18 May 2026$PTrading Halt
27 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
17 Mar 2026$PInsitu Rutile up to 2.6% and Intercepts up to 4m at 1.8%
12 Mar 2026Half Year Financial Report - 31 December 2025
1 Mar 2026$PCEO Succession
30 Jan 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
8 Jan 2026Change of Director's Interest Notice

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