Companies / MEK

MEEKA METALS LIMITED

ASX:MEKMaterials

2.98B shares on issueASX (delayed) · as of 28 July 2026$0.096price · delayed$271.6Mmarket cap · indicative

Dilution grade

Share count grew 106% in 24 months; 5 cash raises in 24 months; 0% of shares in the money

Cash runway1185.9 quarters of funding

Share-count growth (24m)105.6%

Raise cadence (24m)5 cash raises

Options & rights overhang4.2% of shares

In-the-money supply0.3% of shares

Pending proposed issuesnone

MEEKA METALS LIMITED's ordinary share count grew 105.6% between September 2024 and July 2026, to 2.98B shares. The company raised capital five times in the 24-month window for total disclosed proceeds of A$95.4M, most recently raising A$60.0M in June 2025. Options and rights on issue could convert into 126M new shares, equal to 4.2% of the current share count, with the nearest expiry in October 2026 and 0% currently in the money. At the June 2026 quarter the company reported A$37.9M in available cash, recorded as sufficient for 1185.9 quarters at its disclosed run-rate. No proposed securities issues (Appendix 3B) are pending.

AI-generated summary of this page's cited filings · updated 28 July 2026

4.2%

Max option dilution

0.3%

ITM option dilution

Raises · last 12 months

1185.9 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 2.98B per ASX (delayed) (28 July 2026).

Cash runway

1185.9 qtrs

More than four quarters of funding at the recent spend rate.

$37.9M available cash at quarter ended 30 June 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 30 June 2026.

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Issuance timeline

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

Date	Form	Security	Total on issue after	Source
1 July 2026	2A · quoted issue	MEK : ORDINARY FULLY PAID	2.98B	Appendix 2A
11 Feb 2026	3H · cancellation	MEK : ORDINARY FULLY PAID	2.95B	Appendix 3H
11 Feb 2026	3G · unquoted	ORDINARY FULLY PAID	2.95B	Appendix 3G
19 Dec 2025	2A · quoted issue	MEK : ORDINARY FULLY PAID	2.95B	Appendix 2A
10 Dec 2025	2A · quoted issue	MEK : ORDINARY FULLY PAID	2.94B	Appendix 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

5 cash raises in the last 24 months · 0 in the last 12 months

$60.0M

Capital raise

16 June 2025

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

4.2%

Total overhang · of current shares

0.3%

In the money · at current price

126.4M

Potential new shares

Oct 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

Date	Director	Type	Shares	Options	Value	Source
1 July 2026	Paul David Adams	Other	3.8M	—	—	3Y notice
1 July 2026	Timothy Davidson	Other	18.0M	—	—	3Y notice
26 Nov 2025	Roger Christian Steinepreis	Other	—	—	—	3Y notice