Companies / NTU

NORTHERN MINERALS LIMITED

ASX:NTUMaterials
9.55B shares on issueASX (delayed) · as of 28 July 2026$0.026price · delayed$257.8Mmarket cap · indicative
C
Dilution grade

Share count grew 40% in 24 months; 3 cash raises in 24 months; runway 4–8 quarters

Cash runway5.6 quarters of funding
Share-count growth (24m)40.4%
Raise cadence (24m)3 cash raises
Options & rights overhang0.3% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

NORTHERN MINERALS LIMITED's ordinary share count grew 40.4% between September 2024 and November 2025, to 9.54B shares. The company raised capital three times in that 24-month window for total disclosed proceeds of A$90.2M, most recently raising A$60.5M in October 2025. Options and rights on issue could convert into 31M new shares, equal to 0.3% of the current share count, with 0% currently in the money. At the March 2026 quarter the company reported A$34.7M in available cash, representing 5.6 quarters of cover at the recent burn 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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0.3%
Max option dilution
0.0%
ITM option dilution
1
Raises · last 12 months
5.6 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 9.55B per ASX (delayed) (28 July 2026).
8.56B8.93B9.29BDec 24Sept 25July 26Cash raise · 22 Oct 2025

Cash runway

5.6 qtrs
More than four quarters of funding at the recent spend rate.
$34.7M 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
8 Jan 20263H · cancellationNTU : ORDINARY FULLY PAID9.54BAppendix 3H
4 Nov 20253H · cancellationNTU : ORDINARY FULLY PAID9.54BAppendix 3H
3 Nov 20252A · quoted issueNTU : ORDINARY FULLY PAID9.54BAppendix 2A
3 Nov 20253G · unquotedORDINARY FULLY PAID8.36BAppendix 3G
1 July 20253H · cancellationNTU : ORDINARY FULLY PAID8.36BAppendix 3H
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

3 cash raises in the last 24 months · 1 in the last 12 months

$60.5M
Capital raise
22 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

0.3%
Total overhang · of current shares
0.0%
In the money · at current price
31.3M
Potential new shares
—
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
22 June 2025Shane Anthony HartwigSell—30.0M—3Y notice
22 June 2025Adam HandleySell—10.0M—3Y notice
22 June 2025Bin CaiSell7.2M——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

23 July 2026Noosa Mining Investor Conference Presentation
13 July 2026$PFederal Treasurer's Interim Directions
7 July 2026Treasurer's 17 May 2026 Disposal Orders Divestment Update
5 July 2026Treasurer's New Disposal Orders Divestment Due Date
25 June 2026Cancellation of 2025 AGM
16 June 2026ASIC grants NTU extension of time to hold 2025 AGM
19 May 2026$PTreasurer Issues New Disposal Order - Update
18 May 2026$PTreasurer makes further disposal orders
17 May 2026$PPause in Trading
14 May 2026Ceasing to be a substantial holder
30 Apr 2026$PQuarterly Activities Report
30 Apr 2026$PAppendix 5B Quarterly Cash Flow Report
29 Apr 2026$PUpdate to Dazzler Mineral Resource Estimate
31 Mar 2026$PTreasurer's Directions regarding Hong Kong Ying Tak shares
15 Mar 2026Half Yearly Report and Accounts
8 Mar 2026Appointment of CFO - Joint Company Secretary
2 Mar 2026$PEGM withdrawn and Court Orders defer 2025 AGM
10 Feb 2026Update on court orders relating to AGM and EGM
5 Feb 2026NTU seeks further orders
3 Feb 2026Court orders $14m penalty for breach of treasurers orders

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