Companies / WC1

WEST COBAR METALS LIMITED

ASX:WC1Materials
415.9M shares on issueASX (delayed) · as of 28 July 2026$0.014price · delayed$5.8Mmarket cap · indicative
D
Dilution grade

Share count grew 173% in 24 months; runway 2–4 quarters; 11 cash raises in 24 months

Cash runway2.1 quarters of funding
Share-count growth (24m)172.7%
Raise cadence (24m)11 cash raises
Options & rights overhang28.8% of shares
In-the-money supply0.0% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

WEST COBAR METALS LIMITED's ordinary share count grew 172.7% between July 2024 and June 2026, to 416M shares. The company raised capital 11 times in that period for total disclosed proceeds of A$8.8M, most recently a A$1.1M placement in June 2026. Options and rights on issue could convert into 120M new shares, equal to 28.8% of the current share count, with 0% in the money at present and the nearest expiry in July 2027. At the June 2026 quarter the company reported A$1.3M in available cash, about 2.1 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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28.8%
Max option dilution
0.0%
ITM option dilution
6
Raises · last 12 months
2.1 qtrs
Cash cover · 2–4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 415.9M per ASX (delayed) (28 July 2026).
213.2M287.6M362.0MDec 24Sept 25July 26Cash raise · 8 June 2026Cash raise · 8 June 2026Cash raise · 29 Oct 2025Cash raise · 29 Oct 2025Cash raise · 15 Aug 2025Cash raise · 15 Aug 2025Cash raise · 6 June 2025Cash raise · 9 May 2025Cash raise · 28 Feb 2025Cash raise · 5 Dec 2024

Cash runway

2.1 qtrs
Two to four quarters of funding at the recent spend rate.
$1.3M available cash at quarter ended 30 June 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 30 June 2026.
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Issuance timeline

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

DateFormSecurityTotal on issue afterSource
23 June 20263H · cancellationWC1 : ORDINARY FULLY PAID415.9MAppendix 3H
21 June 20263G · unquotedORDINARY FULLY PAID354.1MAppendix 3G
21 June 20262A · quoted issueWC1 : ORDINARY FULLY PAID415.9MAppendix 2A
4 June 20263H · cancellationWC1 : ORDINARY FULLY PAID354.1MAppendix 3H
23 Feb 20263H · cancellationWC1 : ORDINARY FULLY PAID354.1MAppendix 3H
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

11 cash raises in the last 24 months · 6 in the last 12 months

$1.1M
Placement
8 June 2026 ACTIVE
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

28.8%
Total overhang · of current shares
0.0%
In the money · at current price
119.7M
Potential new shares
July 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

DateDirectorTypeSharesOptionsValueSource
26 June 2026Matt SzwedzickiBuy7.6M8.5M$10k3Y notice
22 June 2026Matt SzwedzickiBuy6.3M8.5M$16k3Y notice
3 June 2026Ronald RobertsSell6.2M1.5M—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

23 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
20 July 2026$PNear Term Drilling for Copper and Scandium
8 July 2026$PBaxter Transaction Update
7 July 2026$PReview Identifies High-Grade Scandium Targets at Salazar
30 June 2026$PSpectral Study Expands Baxter Fluorspar Potential
26 June 2026Change of Director's Interest Notice - MS
23 June 2026Change of Director's Interest Notice - MS
23 June 2026Notification of cessation of securities - WC1
22 June 2026Critical Minerals Progress Update
21 June 2026Cleansing Notice
21 June 2026Application for quotation of securities - WC1
21 June 2026Notification regarding unquoted securities - WC1
10 June 2026Proposed issue of securities - WC1
10 June 2026Proposed issue of securities - WC1
10 June 2026Proposed issue of securities - WC1
10 June 2026$PAcquisition of Nevada Fluorspar Project and Placement
8 June 2026$PTrading Halt
4 June 2026Appendix 3Y - MS
4 June 2026Appendix 3Y - RR
4 June 2026Notification of cessation of securities - WC1

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