Companies / SVM

SOVEREIGN METALS LIMITED

ASX:SVMMaterials
656.0M shares on issueASX (delayed) · as of 28 July 2026$0.52price · delayed$328.0Mmarket cap · indicative
B
Dilution grade

Runway 4–8 quarters; share count grew 10% in 24 months; 1 cash raise in 24 months

Cash runway5.3 quarters of funding
Share-count growth (24m)9.8%
Raise cadence (24m)1 cash raise
Options & rights overhang3.0% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

SOVEREIGN METALS LIMITED's ordinary share count grew 9.8% between July 2024 and April 2026, standing at 656M shares as of April 2026. The company raised capital once in the 24-month window, with proceeds of A$40.0M received in March 2025. Options and rights could convert into 19M new shares, equal to 3.0% of the current share count, with 0% in the money. At the March 2026 quarter the company reported A$23.4M in cash, equivalent to 5.3 quarters of cover at its 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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3.0%
Max option dilution
0.0%
ITM option dilution
0
Raises · last 12 months
5.3 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 656.0M per ASX (delayed) (28 July 2026).
611.7M627.9M644.2MDec 24Sept 25July 26Cash raise · 25 Mar 2025

Cash runway

5.3 qtrs
More than four quarters of funding at the recent spend rate.
$23.4M 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.
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Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityTotal on issue afterSource
1 July 20263H · cancellationSVM : ORDINARY FULLY PAID656.0MAppendix 3H
17 Apr 20262A · quoted issueSVM : ORDINARY FULLY PAID656.0MAppendix 2A
1 Apr 20263H · cancellationSVM : ORDINARY FULLY PAID646.9MAppendix 3H
18 Feb 20263G · unquotedSVM : ORDINARY FULLY PAID646.9MAppendix 3G
23 Jan 20263G · unquotedSVM : ORDINARY FULLY PAID646.9MAppendix 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

1 cash raise in the last 24 months · 0 in the last 12 months

$40.0M
Capital raise
25 Mar 2025
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

3.0%
Total overhang · of current shares
0.0%
In the money · at current price
19.5M
Potential new shares
—
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
30 June 2026Nigel JonesSell—150k—3Y notice
30 June 2026Mark PearceSell—400k—3Y notice
30 June 2026Benjamin StoikovichSell—900k—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

7 July 2026$PSVM Advances U.S. Strategy as Rio Collaboration Concludes
1 July 2026Change of Director's Interest Notice x4
1 July 2026Notification of cessation of securities - SVM
26 May 2026$PMonazite Containing Heavy Rare Earths Confirmed at Kasiya
12 May 2026Change of Director's Interest Notice
28 Apr 2026$PMarch 2026 Quarterly Report
17 Apr 2026Change of Director's Interest Notice x5
17 Apr 2026Notice Under Section 708A
17 Apr 2026Application for quotation of securities - SVM
15 Apr 2026$PKasiya Definitive Feasibility Study Results
1 Apr 2026Successful Rehabilitation Trials at Kasiya
1 Apr 2026Change of Director's Interest Notice x4
1 Apr 2026Notification of cessation of securities - SVM
25 Mar 2026Ceasing to be a substantial holder
17 Mar 2026$PKasiya Mineral Resource Significantly Upgraded Ahead of DFS
11 Mar 2026Sovereign Signs Rutile Offtake MoU with Mitsui
6 Mar 2026Half Year Accounts
18 Feb 2026Change of Director's Interest Notice x5
18 Feb 2026Notification regarding unquoted securities - SVM
18 Feb 2026Results of Meeting

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