Companies / MRD

MOUNT RIDLEY MINES LIMITED

ASX:MRDMaterials
1.33B shares on issueASX (delayed) · as of 28 July 2026$0.027price · delayed$35.9Mmarket cap · indicative
D
Dilution grade

Share count grew 48% in 24 months; runway 2–4 quarters; 2 cash raises in 24 months

Cash runway2.6 quarters of funding
Share-count growth (24m)48.4%
Raise cadence (24m)2 cash raises
Options & rights overhang18.6% of sharesconsolidation-adjusted
In-the-money supply0.0% of sharesconsolidation-adjusted
Pending proposed issuesnone

MOUNT RIDLEY MINES LIMITED's ordinary share count grew 48.4% between August 2025 and April 2026, to 1.33B shares; this figure is adjusted for a share consolidation on November 2024 of approximately 1-for-2.9. The company raised capital twice in the 24-month window for total proceeds of A$935K, most recently A$105K in October 2025. Options and rights could convert into 247M new shares, equal to 18.6% of the current share count, with 0% in the money at the current share price and the nearest expiry in September 2030. At the March 2026 quarter the company reported A$1.7M in cash, about 2.6 quarters of cover. 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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18.6%
Max option dilution
0.0%
ITM option dilution
2
Raises · last 12 months
2.6 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. Adjusted for the 1-for-2.9 consolidation (13 Nov 2024). Latest count 1.33B per ASX (delayed) (28 July 2026).
0.89B1.05B1.21BJan 25Oct 25July 26Cash raise · 17 Oct 2025Cash raise · 14 Aug 2025

Cash runway

2.6 qtrs
Two to four quarters of funding at the recent spend rate.
$1.7M 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
23 July 20263G · unquotedORDINARY FULLY PAID1.33BAppendix 3G
23 July 20263G · unquotedORDINARY FULLY PAID1.33BAppendix 3G
30 Apr 20262A · quoted issueMRD : ORDINARY FULLY PAID1.33BAppendix 2A
23 Apr 20262A · quoted issueMRD : ORDINARY FULLY PAID1.33BAppendix 2A
14 Apr 20262A · quoted issueMRD : ORDINARY FULLY PAID1.33BAppendix 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

$105k
Capital raise
17 Oct 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

consolidation-adjusted Figures rebased for the share consolidation in the last 24 months.

18.6%
Total overhang · of current shares
0.0%
In the money · at current price
246.9M
Potential new shares
Sept 2030
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
30 Mar 2026David WallBuy6.0M—$177k3Y notice
19 Dec 2025Pedro KastellorizosBuy5.0M——3Y notice
19 Nov 2025Peter James ChristieOther10.0M5.0M$20k3Y 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

23 July 2026Notification regarding unquoted securities - MRD
23 July 2026Notification regarding unquoted securities - MRD
21 July 2026Appointment of Chief Technology Officer
16 July 2026Mount Ridley Lists on the OTCID
13 July 2026$PBlock 2 Re-Assays Further Extend Scandium Footprint
6 July 2026$PMount Ridley Secures CSIRO Co-Funding for Scandium Research
22 June 2026$PFurther Scandium Assays Extend Mineralisation
10 June 2026$PPhase 1 Re-assays Confirm Exceptional Scandium Grades
19 May 2026$PPhase 1 Metallurgical Testwork Commences
4 May 2026$PGravity Modelling Supports Expansion Potential at Mt Ridley
30 Apr 2026Cleansing Notice
30 Apr 2026Application for quotation of securities - MRD
29 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
28 Apr 2026$PAppointment of Technical Advisor - Metallurgy & Processing
23 Apr 2026Cleansing Notice
23 Apr 2026Application for quotation of securities - MRD
21 Apr 2026$PExploration Update
15 Apr 2026Appendix 2A update
14 Apr 2026Cleansing Notice
14 Apr 2026Application for quotation of securities - MRD

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