Companies / SLS

SOLSTICE MINERALS LIMITED

ASX:SLSMaterials
172.2M shares on issueASX (delayed) · as of 28 July 2026$2.33price · delayed$406.3Mmarket cap · indicative
C
Dilution grade

Share count grew 72% in 24 months; 2 cash raises in 24 months; options/rights overhang 6% of shares

Cash runway13.9 quarters of funding
Share-count growth (24m)71.6%
Raise cadence (24m)2 cash raises
Options & rights overhang5.9% of shares
In-the-money supply4.4% of shares
Pending proposed issuesnone

SOLSTICE MINERALS LIMITED listed in May 2022 and has a limited recent disclosure history starting February 2024; its ordinary share count grew 71.6% between February 2024 and May 2026 to 172M shares. The company raised capital twice in the 24-month window for total proceeds of A$34.7M, most recently raising A$32.6M in March 2026. Options and rights on issue could convert into 10M new shares, equal to 5.9% of the current share count, of which 4% are in the money; the nearest expiry is January 2027. At the June 2026 quarter the company reported A$44.3M in cash, covering 13.9 quarters at the reported 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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5.9%
Max option dilution
4.4%
ITM option dilution
1
Raises · last 12 months
13.9 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 172.2M per ASX (delayed) (28 July 2026).
115.4M136.2M157.1MDec 24Sept 25July 26Cash raise · 31 Mar 2026Cash raise · 13 June 2025

Cash runway

13.9 qtrs
More than four quarters of funding at the recent spend rate.
$44.3M available cash at quarter ended 30 June 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 30 June 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 · unquotedSLS : ORDINARY FULLY PAID172.2MAppendix 3G
22 June 20263G · unquotedSLS : ORDINARY FULLY PAID172.2MAppendix 3G
13 May 20263G · unquotedSLS : ORDINARY FULLY PAID172.2MAppendix 3G
6 May 20262A · quoted issueSLS : ORDINARY FULLY PAID172.2MAppendix 2A
23 Apr 20262A · quoted issueSLS : ORDINARY FULLY PAID172.1MAppendix 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 · 1 in the last 12 months

$32.6M
Capital raise
31 Mar 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

5.9%
Total overhang · of current shares
4.4%
In the money · at current price
10.1M
Potential new shares
Jan 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
26 Mar 2026Michael EmeryOther323k1.0M$65k3Y notice
26 Mar 2026Meredith CampionOther130k130k$123k3Y notice
24 Mar 2026Alastair MorrisonOther904k154k$474k3Y 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 - SLS
20 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
1 July 2026Change in substantial holding
25 June 2026$PExceptional First Core Results at Nanadie Project
22 June 2026Notification regarding unquoted securities - SLS
15 June 2026$PMultiple Growth Targets Identified at Nanadie
11 June 2026$PStep-Out Drilling Extends Nanadie Copper-Gold Mineralisation
9 June 2026Results of General Meeting
29 May 2026Change in substantial holding
13 May 2026Notification regarding unquoted securities - SLS
10 May 2026$PFollow-up Diamond Drillhole Further Extends Nanadie System
8 May 2026Notice of General Meeting/Proxy Form
6 May 2026Application for quotation of securities - SLS
5 May 2026$PSolstice Awarded EIS Co-Funded Drilling Grant for Nanadie
26 Apr 2026$PStrong Start to Diamond Drilling at Nanadie Project
23 Apr 2026Application for quotation of securities - SLS
17 Apr 2026Change in substantial holding
15 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
15 Apr 2026Becoming a substantial holder
15 Apr 2026Application for quotation of securities - SLS

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