Companies / ODE

ODESSA MINERALS LIMITED

ASX:ODEMaterials

1.87B shares on issueASX (delayed) · as of 28 July 2026$0.021price · delayed$37.5Mmarket cap · indicative

Dilution grade

Share count grew 80% in 24 months; 5 cash raises in 24 months; options/rights overhang 36% of shares

Cash runway14.2 quarters of funding

Share-count growth (24m)79.6%

Raise cadence (24m)5 cash raises

Options & rights overhang36.3% of shares

In-the-money supply12.5% of shares

Pending proposed issuesopen proposed issue (Appendix 3B)

ODESSA MINERALS LIMITED's ordinary share count grew 79.6% between January 2024 and May 2026, to 1.87B shares. The company raised capital five times in that period for total disclosed proceeds of A$4.9M, most recently A$2.6M in May 2026 (note: total covers only raises with disclosed, confirmed proceeds). Options and rights on issue could convert into 680M new shares, equal to 36.3% of the current share count; 12% of current shares are covered by in‑the‑money options, with the nearest expiry in October 2026. At the March 2026 quarter the company reported A$4.4M in cash, covering 14.2 quarters at its recent run rate. One proposed securities issue (Appendix 3B) is pending with an expected issue date in November 2026.

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

36.3%

Max option dilution

12.5%

ITM option dilution

Raises · last 12 months

14.2 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 1.87B per ASX (delayed) (28 July 2026).

Cash runway

14.2 qtrs

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

$4.4M 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)

Date	Form	Security	Total on issue after	Source
13 May 2026	2A · quoted issue	ODE : ORDINARY FULLY PAID	1.87B	Appendix 2A
1 May 2026	3H · cancellation	ODE : ORDINARY FULLY PAID	1.76B	Appendix 3H
1 May 2026	3G · unquoted	ORDINARY FULLY PAID	1.76B	Appendix 3G
10 Apr 2026	3G · unquoted	ODE : ORDINARY FULLY PAID	1.76B	Appendix 3G
12 Jan 2026	3H · cancellation	ODE : ORDINARY FULLY PAID	1.76B	Appendix 3H

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

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

$2.6M

Capital raise

1 May 2026

Paid plan

Full raise history

Issue price, discount, brokers, purpose and tranche detail for every raise on record.

Join the waitlist

Pending proposed issues

1 proposed issue pending — Appendix 3B lodged, securities not yet issued. New shares from these issues are not in the counts above until quoted.

Paid plan

Pending issue detail

Size, price, fees, broker and placement-capacity usage for each pending issue.

Join the waitlist

Options & convertible securities

36.3%

Total overhang · of current shares

12.5%

In the money · at current price

680.5M

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.

Join the waitlist

Director dealings

Date	Director	Type	Shares	Options	Value	Source
11 Jan 2026	Mr Zane Lewis	Sell	102.8M	783k	—	3Y notice
20 Nov 2025	Mr Timothy Goldsmith	Other	37.9M	16.0M	$265k	3Y notice
20 Nov 2025	Ms Maddison Cramer	Other	2.9M	—	$20k	3Y notice