THETA GOLD MINES LIMITED
ASX:TGMMaterialsShare count grew 80% in 24 months; runway 2–4 quarters; 8 cash raises in 24 months
THETA GOLD MINES LIMITED's ordinary share count grew 80.3% between January 2024 and July 2026, to 1.28B shares. The company raised capital eight times in that period for total disclosed proceeds of A$109.1M, most recently a A$27.0M placement in June 2026. Options and rights on issue could convert into 326M new shares, equal to 25.0% of the current share count, of which 13% are in the money at the current share price; the nearest expiry is September 2026. At the March 2026 quarter the company reported A$39.7M in available cash, about 3.2 quarters of funding at its recent spending rate. No proposed securities issues (Appendix 3B) are pending.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | Total on issue after | Source |
|---|---|---|---|---|
| 3 July 2026 | 2A · quoted issue | TGM : ORDINARY FULLY PAID | 1.18B | Appendix 2A |
| 3 July 2026 | 2A · quoted issue | TGM : ORDINARY FULLY PAID | 1.28B | Appendix 2A |
| 19 Feb 2026 | 3G · unquoted | TGM : ORDINARY FULLY PAID | 1.16B | Appendix 3G |
| 13 Feb 2026 | 2A · quoted issue | TGM : ORDINARY FULLY PAID | 1.16B | Appendix 2A |
| 13 Feb 2026 | 3G · unquoted | TGM : ORDINARY FULLY PAID | 1.09B | Appendix 3G |
Capital raises
8 cash raises in the last 24 months · 4 in the last 12 months
Pending proposed issues
Options & convertible securities
Director dealings
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 July 2026.