Companies / EM2

EAGLE MOUNTAIN MINING LIMITED

ASX:EM2Materials
1.54B shares on issueASX (delayed) · as of 28 July 2026$0.006price · delayed$9.2Mmarket cap · indicative
D
Dilution grade

Share count grew 292% in 24 months; 3 cash raises in 24 months; options/rights overhang 52% of shares

Cash runway5.8 quarters of funding
Share-count growth (24m)291.7%
Raise cadence (24m)3 cash raises
Options & rights overhang52.5% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

EAGLE MOUNTAIN MINING LIMITED's ordinary share count grew 291.7% between May 2024 and May 2026, to 1.54B shares. The company raised capital three times in that period for total disclosed proceeds of A$12.9M, most recently a Placement and Non-Renounceable Entitlement Offer that raised A$3.6M in November 2025. Options and rights on issue could convert into 808M new shares, equal to 52.5% of the current share count, with 0% in the money and the nearest expiry in March 2027. At the March 2026 quarter the company reported A$2.5M in available cash, equivalent to 5.8 quarters of cover. 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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52.5%
Max option dilution
0.0%
ITM option dilution
1
Raises · last 12 months
5.8 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 1.54B per ASX (delayed) (28 July 2026).
0.63B0.97B1.30BDec 24Sept 25July 26Cash raise · 10 Nov 2025Cash raise · 27 Jan 2025Cash raise · 16 Dec 2024

Cash runway

5.8 qtrs
More than four quarters of funding at the recent spend rate.
$2.5M 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 May 20263G · unquotedEM2 : ORDINARY FULLY PAID1.53BAppendix 3G
1 May 20262A · quoted issueEM2 : ORDINARY FULLY PAID1.54BAppendix 2A
1 May 20263G · unquotedORDINARY FULLY PAID1.53BAppendix 3G
6 Feb 20263G · unquotedEM2 : ORDINARY FULLY PAID1.53BAppendix 3G
5 Feb 20262A · quoted issueEM2 : ORDINARY FULLY PAID1.53BAppendix 2A
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 · 1 in the last 12 months

$3.6M
Placement and Non-Renounceable Entitlement Offer
10 Nov 2025 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

52.5%
Total overhang · of current shares
0.0%
In the money · at current price
808.0M
Potential new shares
Mar 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
1 May 2026Fabio VergaraOther4.4M1.5M—3Y notice
16 Jan 2026Roger PortOther635k212k—3Y notice
16 Jan 2026Fabio VergaraOther105k35k—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

20 July 2026$PCollaboration MOU signed with Nittetsu Mining Co Ltd
8 July 2026$POracle Ridge Operations Update
1 May 2026Change of Director's Interest Notice - F Vergara
1 May 2026Notification regarding unquoted securities - EM2
1 May 2026Notification regarding unquoted securities - EM2
1 May 2026Application for quotation of securities - EM2
1 May 2026Issue of Securities and Cleansing Notice
30 Apr 2026$PMarch Quarter Report and Appendix 5B
29 Apr 2026$POracle Ridge Transaction Completes
20 Apr 2026$POracle Ridge Binding Agreements Signed With Nittetsu Mining
10 Apr 2026Results of General Meeting
30 Mar 2026$PNittetsu Board Approves Oracle Ridge Transaction
13 Mar 2026Half Year Financial Report - 31 December 2025
12 Mar 2026Notice of General Meeting
8 Feb 2026$PNittetsu Completes Due Diligence at Oracle Ridge
6 Feb 2026Notification regarding unquoted securities - EM2
5 Feb 2026Application for quotation of securities - EM2
3 Feb 2026Ceasing to be a substantial holder
30 Jan 2026Proposed Issue of Employee Incentive Securities
28 Jan 2026$PDecember Quarterly Report and Appendix 5B

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