Companies / MM8

MEDALLION METALS LIMITED.

ASX:MM8Materials
799.8M shares on issueASX (delayed) · as of 28 July 2026$0.43price · delayed$319.9Mmarket cap · indicative
C
Dilution grade

Share count grew 160% in 24 months; 4 cash raises in 24 months; runway 4–8 quarters

Cash runway4.4 quarters of funding
Share-count growth (24m)159.9%
Raise cadence (24m)4 cash raises
Options & rights overhang4.5% of shares
In-the-money supply1.6% of shares
Pending proposed issuesnone

MEDALLION METALS LIMITED.'s ordinary share count grew 159.9% between May 2024 and July 2026 to 800M shares. The company raised capital four times in the 24‑month window for total proceeds of A$154.0M, most recently a Placement (with Share Purchase Plan) that raised A$60.0M in December 2025. Options and rights on issue could convert into 36M new shares, equal to 4.5% of the current share count, of which 2% are in the money; the nearest expiry is August 2026. At the March 2026 quarter the company reported A$50.1M in available cash, about 4.4 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
Email me when this grade changes
Alerts are coming soon — this opens a pre-filled email that puts you on the list.
4.5%
Max option dilution
1.6%
ITM option dilution
2
Raises · last 12 months
4.4 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 799.8M per ASX (delayed) (28 July 2026).
490.3M603.9M717.5MDec 24Sept 25July 26Cash raise · 15 Dec 2025Cash raise · 10 Dec 2025Cash raise · 14 May 2025Cash raise · 30 Jan 2025

Cash runway

4.4 qtrs
More than four quarters of funding at the recent spend rate.
$50.1M 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.
Join the waitlist

Issuance timeline

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

DateFormSecurityTotal on issue afterSource
15 July 20263H · cancellationMM8 : ORDINARY FULLY PAID797.1MAppendix 3H
15 July 20262A · quoted issueMM8 : ORDINARY FULLY PAID799.8MAppendix 2A
26 June 20263G · unquotedMM8 : ORDINARY FULLY PAID797.1MAppendix 3G
17 June 20262A · quoted issueMM8 : ORDINARY FULLY PAID797.1MAppendix 2A
27 May 20262A · quoted issueMM8 : ORDINARY FULLY PAID796.5MAppendix 2A
Paid plan
Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
Join the waitlist

Capital raises

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

$60.0M
Placement (with Share Purchase Plan)
15 Dec 2025 COMPLETE
Paid plan
Full raise history
Issue price, discount, brokers, purpose and tranche detail for every raise on record.
Join the waitlist

Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

4.5%
Total overhang · of current shares
1.6%
In the money · at current price
36.1M
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.
Join the waitlist

Director dealings

DateDirectorTypeSharesOptionsValueSource
25 Mar 2026David KellyOther300k300k—3Y notice
23 Jan 2026John FitzgeraldBuy24k—$8k3Y notice
23 Jan 2026Paul BennettBuy24k—$8k3Y notice
Paid plan
Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
Join the waitlist

Ownership

Free account
Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
Sign up free — coming soon

Latest announcements

26 July 2026$PHigh-Grade Drilling Extends Gem at Ravensthorpe
21 July 2026$PMedallion Executes Ore Processing & Profit Share Term Sheet
15 July 2026s708A Notice
15 July 2026Application for quotation of securities - MM8
15 July 2026Notification of cessation of securities - MM8
14 July 2026$PMedallion Accelerates Production at Forrestania
7 July 2026$PSecond High-Grade Gold Opportunity Emerging at Forrestania
26 June 2026Notification regarding unquoted securities - MM8
17 June 2026s708A Notice
17 June 2026Application for quotation of securities - MM8
14 June 2026$PHigh-Grade Gold-Copper Lode Discovery at Kundip
8 June 2026$PMajor Milestones Achieved at Cosmic Boy
2 June 2026$PMore Exceptional High-Grade Gold Results from Lounge Lizard
27 May 2026s708A Notice
27 May 2026Application for quotation of securities - MM8
13 May 2026$PKundip Drilling Returns Multiple High-Grade Results
8 May 2026s708A Notice
8 May 2026Application for quotation of securities - MM8
8 May 2026Notification of cessation of securities - MM8
6 May 2026$PFurther High-Grade results at Lounge Lizard

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