Companies / TMS

TENNANT MINERALS LIMITED

ASX:TMSMaterials
1.50B shares on issueASX (delayed) · as of 28 July 2026$0.006price · delayed$9.7Mmarket cap · indicative
C
Dilution grade

Share count grew 57% in 24 months; 4 cash raises in 24 months; options/rights overhang 76% of shares

Cash runway9.2 quarters of funding
Share-count growth (24m)56.6%
Raise cadence (24m)4 cash raises
Options & rights overhang75.6% of shares
In-the-money supply0.0% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

TENNANT MINERALS LIMITED's ordinary share count grew 56.6% between April 2024 and July 2026, to 1.50B shares. The company raised capital four times in that period for total disclosed proceeds of A$6.5M, most recently a A$2.8M placement in July 2026. Options and rights on issue could convert into 1.13B new shares, equal to 75.6% of the current share count, with 0% in the money at the current share price and the nearest expiry in December 2027. At the March 2026 quarter the company reported A$2.7M in available cash, about 9.2 quarters of funding 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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75.6%
Max option dilution
0.0%
ITM option dilution
3
Raises · last 12 months
9.2 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 1.50B per ASX (delayed) (28 July 2026).
1.07B1.23B1.38BDec 24Sept 25July 26Cash raise · 10 July 2026Cash raise · 5 June 2026Cash raise · 30 Apr 2026Cash raise · 29 May 2025

Cash runway

9.2 qtrs
More than four quarters of funding at the recent spend rate.
$2.7M 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
16 July 20262A · quoted issueTMS : ORDINARY FULLY PAID1.50BAppendix 2A
16 July 20262A · quoted issueTMS : ORDINARY FULLY PAID1.33BAppendix 2A
13 May 20262A · quoted issueTMS : ORDINARY FULLY PAID1.33BAppendix 2A
6 June 20252A · quoted issueTMS : ORDINARY FULLY PAID1.07BAppendix 2A
6 June 20253G · unquotedTMS : ORDINARY FULLY PAID955.9MAppendix 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

4 cash raises in the last 24 months · 3 in the last 12 months

$2.8M
Placement
10 July 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

75.6%
Total overhang · of current shares
0.0%
In the money · at current price
1.13B
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

No director dealing notices (Appendix 3Y) on record.
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

21 July 2026Extension of Prospectus Offer Period
16 July 2026Application for quotation of securities - TMS
16 July 2026Top 20 Holders and Spread for New Options
16 July 2026Notice Under Section 708A
16 July 2026Application for quotation of securities - TMS
15 July 2026$PTennant Completes $2.8M Placement to Fund New Drilling
10 July 2026Update - Proposed issue of securities - TMS
10 July 2026Update - Proposed issue of securities - TMS
9 July 2026$POptions Prospectus
8 July 2026Change of Auditor Name
7 July 2026Results of Meeting
9 June 2026Amended Appendix 3B
8 June 2026Proposed issue of securities - TMS
4 June 2026Proposed issue of securities - TMS
4 June 2026Notice of General Meeting/Proxy Form
13 May 2026Notice Under Section 708A
13 May 2026Application for quotation of securities - TMS
11 May 2026$PResponse to ASX Price Query
11 May 2026$PRe-Assays Confirm Exceptional Bluebird Au-Bi-Cu Drill Hit
7 May 2026$PTrading Halt

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