Companies / QEM

QEM LIMITED

ASX:QEMMaterials
354.2M shares on issueASX (delayed) · as of 28 July 2026$0.017price · delayed$6.0Mmarket cap · indicative
C
Dilution grade

Share count grew 86% in 24 months; 3 cash raises in 24 months; options/rights overhang 38% of shares

Cash runway14.8 quarters of funding
Share-count growth (24m)85.6%
Raise cadence (24m)3 cash raises
Options & rights overhang37.6% of shares
In-the-money supply0.0% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

QEM LIMITED's ordinary share count grew 85.6% between October 2024 and June 2026, to 354M shares. The company raised capital three times in that period for total disclosed proceeds of A$6.1M, most recently A$2.6M in April 2026. Options and rights on issue could convert into 133M new shares, equal to 37.6% of the current share count, with 0% in the money at the current share price and the nearest expiry in September 2026. At the March 2026 quarter QEM LIMITED reported A$4.5M in available cash, about 14.8 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
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37.6%
Max option dilution
0.0%
ITM option dilution
2
Raises · last 12 months
14.8 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 354.2M per ASX (delayed) (28 July 2026).
225.1M272.5M319.9MDec 24Sept 25July 26Cash raise · 10 Apr 2026Cash raise · 13 Feb 2026Cash raise · 22 May 2025

Cash runway

14.8 qtrs
More than four quarters of funding at the recent spend rate.
$4.5M 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
11 June 20262A · quoted issueQEM : ORDINARY FULLY PAID354.2MAppendix 2A
1 June 20262A · quoted issueQEM : ORDINARY FULLY PAID329.7MAppendix 2A
12 May 20262A · quoted issueQEM : ORDINARY FULLY PAID319.7MAppendix 2A
10 Apr 20263G · unquotedQEM : ORDINARY FULLY PAID295.5MAppendix 3G
10 Apr 20262A · quoted issueQEM : ORDINARY FULLY PAID296.5MAppendix 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

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

$2.6M
Capital raise
10 Apr 2026
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

37.6%
Total overhang · of current shares
0.0%
In the money · at current price
133.3M
Potential new shares
Sept 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

DateDirectorTypeSharesOptionsValueSource
10 Apr 2026Robert CooperOther1.0M500k—3Y notice
26 Nov 2025Robert CooperOther—5.0M—3Y notice
12 Aug 2025Timothy WallOther457k179k—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

1 July 2026Extension of Due Diligence for Acquisition of U.S. Projects
15 June 2026Change in substantial holding
11 June 2026Cleansing Notice
11 June 2026Application for quotation of securities - QEM
1 June 2026Placement Cleansing Notice
1 June 2026Application for quotation of securities - QEM
28 May 2026Update - Proposed issue of securities - QEM
28 May 2026$PExtension of Due Diligence for Acquisition of U.S. Projects
12 May 2026Placement Cleansing Notice
12 May 2026Application for quotation of securities - QEM
29 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
15 Apr 2026Critical Minerals Acquisition Presentation
14 Apr 2026Proposed issue of securities - QEM
14 Apr 2026Proposed issue of securities - QEM
14 Apr 2026$PProject Acquisition and Placement
13 Apr 2026$PTrading Halt
12 Apr 2026$PPause in Trading
10 Apr 2026Change of Director's Interest Notice
10 Apr 2026Application for quotation of securities - QEM
10 Apr 2026Notification regarding unquoted securities - QEM

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