Companies / USC

US1 CRITICAL MINERALS LIMITED

ASX:USCMaterials
1.01B shares on issueASX (delayed) · as of 28 July 2026$0.021price · delayed$21.3Mmarket cap · indicative
F
Dilution grade

Runway under 2 quarters; 3 cash raises in 24 months; options/rights overhang 180% of shares

Cash runway0.8 quarters of funding
Share-count growth (24m)5.2%
Raise cadence (24m)3 cash raises
Options & rights overhang180.1% of shares
In-the-money supply44.8% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

US1 CRITICAL MINERALS LIMITED's ordinary share count rose 5.2% between February 2026 and May 2026, to 1.01B shares. The company raised capital three times in the past 24 months for total proceeds of A$4.0M, most recently a A$1.0M placement in April 2026. Options and rights on issue could convert into 1.83B new shares, equal to 180.1% of the current share count, of which 45% are in the money; the nearest expiry is December 2026. At the March 2026 quarter the company reported A$708K in available cash, about 0.8 quarters of funding at its recent spending rate. No proposed securities issues (Appendix 3B) are currently pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
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180.1%
Max option dilution
44.8%
ITM option dilution
3
Raises · last 12 months
0.8 qtrs
Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 1.01B per ASX (delayed) (28 July 2026).
855.9M913.9M971.9MDec 25Mar 26July 26Cash raise · 28 Apr 2026Cash raise · 19 Dec 2025Cash raise · 18 Dec 2025

Cash runway

0.8 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$708k 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
28 July 20263G · unquotedUSC : ORDINARY FULLY PAID1.01BAppendix 3G
26 May 20262A · quoted issueUSC : ORDINARY FULLY PAID1.01BAppendix 2A
26 May 20263G · unquotedUSC : ORDINARY FULLY PAID963.9MAppendix 3G
9 Mar 20262A · quoted issueUSC : ORDINARY FULLY PAID963.9MAppendix 2A
9 Mar 20263G · unquotedUSC : ORDINARY FULLY PAID963.9MAppendix 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

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

$1.0M
Placement
28 Apr 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

180.1%
Total overhang · of current shares
44.8%
In the money · at current price
1.83B
Potential new shares
Dec 2026
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
9 Mar 2026Avi GellerOther—60.0M—3Y notice
20 Feb 2026Matthew BoysenOther44.8M9.0M—3Y notice
20 Feb 2026Peter TsegasOther—2.5M—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

28 July 2026Notification regarding unquoted securities - USC
27 July 2026Proposed issue of securities - USC
27 July 2026Grant of options for consultancy services
16 June 2026US REE Project Further update on Federal Court Proceedings
3 June 2026Change in substantial holding
26 May 2026Notification regarding unquoted securities - USC
26 May 2026Cleansing Notice
26 May 2026Application for quotation of securities - USC
15 May 2026Update - Proposed issue of securities - USC
15 May 2026Update - Proposed issue of securities - USC
28 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
28 Apr 2026Proposed issue of securities - USC
28 Apr 2026Proposed issue of securities - USC
28 Apr 2026$PCompletes $1 million placement led by Snow Lake Energy
24 Apr 2026$PTrading Halt
24 Apr 2026$PPause in Trading
9 Mar 2026Change of Directors Interest Notice AG
9 Mar 2026Application for quotation of securities - USC
9 Mar 2026Application for quotation of securities - USC
9 Mar 2026Notification regarding unquoted securities - USC

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