Companies / REE

RAREX LIMITED

ASX:REEMaterials
1.22B shares on issueASX (delayed) · as of 28 July 2026$0.011price · delayed$14.6Mmarket cap · indicative
D
Dilution grade

Share count grew 54% in 24 months; runway 2–4 quarters; 5 cash raises in 24 months

Cash runway3.0 quarters of funding
Share-count growth (24m)54.0%
Raise cadence (24m)5 cash raises
Options & rights overhang43.6% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

RAREX LIMITED's ordinary share count grew 54.0% between May 2024 and July 2026, to 1.22B shares. The company raised capital five times in that period for total disclosed proceeds of A$16.7M, most recently a A$5.0M placement in January 2026. Options and rights on issue could convert into 530M new shares, equal to 43.6% of the current share count, with 0% of current shares in the money and the nearest expiry in December 2027. At the March 2026 quarter RAREX reported A$3.3M in available cash, covering 3.0 quarters 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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43.6%
Max option dilution
0.0%
ITM option dilution
2
Raises · last 12 months
3.0 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. Latest count 1.22B per ASX (delayed) (28 July 2026).
0.89B1.01B1.13BDec 24Sept 25July 26Cash raise · 22 Jan 2026Cash raise · 22 Jan 2026Cash raise · 16 July 2025Cash raise · 16 July 2025Cash raise · 12 May 2025

Cash runway

3.0 qtrs
Two to four quarters of funding at the recent spend rate.
$3.3M 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
13 July 20262A · quoted issueREE : ORDINARY FULLY PAID1.22BAppendix 2A
8 May 20263G · unquotedREE : ORDINARY FULLY PAID1.21BAppendix 3G
3 Feb 20262A · quoted issueREE : ORDINARY FULLY PAID1.21BAppendix 2A
30 Jan 20262A · quoted issueREE : ORDINARY FULLY PAID1.03BAppendix 2A
30 Jan 20263G · unquotedORDINARY FULLY PAID1.02BAppendix 3G
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

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

$5.0M
Placement
22 Jan 2026 COMPLETE
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

43.6%
Total overhang · of current shares
0.0%
In the money · at current price
530.0M
Potential new shares
Dec 2027
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
29 Jan 2026James DurrantOther7.0M30.0M—3Y notice
29 Jan 2026James DurrantOther5.0M30.0M—3Y notice
22 Oct 2025Shaun HardcastleBuy909k455k$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 2026$PRareX-Iluka Consortium advance to final stages of Mrima Hill
22 July 2026RareX enters FY27 with Diversified Critical Mineral Strategy
13 July 2026Cleansing Notice
13 July 2026Application for quotation of securities - REE
12 July 2026$PCummins Range Metallurgy Program Delivers Strongest Results
10 June 2026Nb, RE and Ga Drilling Campaign at Khaleesi Planned for July
8 May 2026Notification regarding unquoted securities - REE
8 May 2026Results of Meeting - Amended
6 May 2026Results of Meeting
30 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
2 Apr 2026Letter to Shareholders regarding Notice of Meeting
2 Apr 2026Notice of General Meeting/Proxy Form
16 Mar 2026Half Year Financial Report
3 Feb 2026Cleansing Notice
3 Feb 2026Application for quotation of securities - REE
30 Jan 2026Change of Director's Interest Notice - James Durrant
30 Jan 2026Cleansing Notice
30 Jan 2026Application for quotation of securities - REE
30 Jan 2026Notification regarding unquoted securities - REE
30 Jan 2026$PQuarterly Activities/Appendix 5B Cash Flow Report

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