Companies / STK

STRICKLAND METALS LIMITED

ASX:STKMaterials
2.64B shares on issueAppendix 2A · as of 26 July 2026$0.086price · delayed$208.2Mmarket cap · indicative
B
Dilution grade

Share count grew 21% in 24 months; 3 cash raises in 24 months; options/rights overhang 6% of shares

Cash runway9.4 quarters of funding
Share-count growth (24m)21.3%
Raise cadence (24m)3 cash raises
Options & rights overhang6.2% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

STRICKLAND METALS LIMITED's ordinary share count grew 21.3% between July 2024 and July 2026 to 2.64B shares. The company raised capital three times in that 24-month window for total proceeds of A$115.2M, most recently a A$55.1M placement in February 2026. Options and rights on issue could convert into 165M new shares, equal to 6.2% of the current share count, with 0% in the money and the nearest expiry in July 2029. At the March 2026 quarter the company reported A$54.7M in available cash, equivalent to 9.4 quarters of cover. 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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6.2%
Max option dilution
0.0%
ITM option dilution
2
Raises · last 12 months
9.4 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 2.64B per Appendix 2A (26 July 2026).
2.30B2.42B2.55BDec 24Sept 25July 26Cash raise · 3 Feb 2026Cash raise · 2 Feb 2026Cash raise · 15 Apr 2025

Cash runway

9.4 qtrs
More than four quarters of funding at the recent spend rate.
$54.7M 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
26 July 20262A · quoted issueSTK : ORDINARY FULLY PAID2.64BAppendix 2A
5 May 20262A · quoted issueSTK : ORDINARY FULLY PAID2.64BAppendix 2A
13 Apr 20262A · quoted issueSTK : ORDINARY FULLY PAID2.63BAppendix 2A
12 Feb 20262A · quoted issueSTK : ORDINARY FULLY PAID2.63BAppendix 2A
9 Feb 20262A · quoted issueSTK : ORDINARY FULLY PAID2.63BAppendix 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

$55.1M
Placement
3 Feb 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

6.2%
Total overhang · of current shares
0.0%
In the money · at current price
164.7M
Potential new shares
July 2029
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
27 July 2026Jonathan HronskyOther2.0M—$139k3Y notice
6 May 2026Anthony McClureBuy625k—$100k3Y notice
6 May 2026Trent FranklinBuy625k—$100k3Y 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

26 July 2026Change of Director's Interest Notice - J Hronsky
26 July 2026Application for quotation of securities - STK
16 July 2026Results of Meeting
14 July 2026$PUpgraded Copper Canyon Resource
24 June 2026Appendix 3A.5 - Update
24 June 2026Class Ruling for In-Specie Distribution of Gateway Shares
16 June 2026Change in substantial holding
15 June 2026Notice of General Meeting and Letter to Shareholders
14 June 2026$PExceptional 94.3% Gold Recoveries at Gradina Deposit
31 May 2026Initial Director's Interest Notice - J Dudley and S Bates
31 May 2026Final Director's Interest Notice - R Pugh
25 May 2026$P50% Increase in Gradina Resource to 1.8Moz @ 2.8g/t Au
24 May 2026Strickland Strengthens Board for Next Phase of Growth
21 May 2026Workstream Pipeline Update
18 May 2026$PResponse to ASX Price Query
5 May 2026Change of Director's Interest Notices A McClure & T Franklin
5 May 2026Cleansing Notice
5 May 2026Application for quotation of securities - STK
3 May 2026$PExploration Program Update
29 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report

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