Companies / EPM

ECLIPSE METALS LIMITED.

ASX:EPMEnergy
3.29B shares on issueASX (delayed) · as of 28 July 2026$0.014price · delayed$46.1Mmarket cap · indicative
C
Dilution grade

Share count grew 46% in 24 months; 4 cash raises in 24 months; options/rights overhang 10% of shares

Cash runway8.1 quarters of funding
Share-count growth (24m)46.2%
Raise cadence (24m)4 cash raises
Options & rights overhang10.2% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

ECLIPSE METALS LIMITED.'s ordinary share count grew 46.2% between May 2024 and December 2025 to 3.29B shares. The company completed four capital raises in that period with disclosed proceeds totalling A$7.1M, most recently raising A$4.0M in October 2025. Options and rights on issue could convert into 335M new shares, equal to 10.2% of the current share count, with 0% of current shares in the money and the nearest expiry in June 2027. At the March 2026 quarter the company reported A$4.2M in available cash, equivalent to 8.1 quarters of cover at its recent burn 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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10.2%
Max option dilution
0.0%
ITM option dilution
1
Raises · last 12 months
8.1 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 3.29B per ASX (delayed) (28 July 2026).
2.49B2.78B3.08BDec 24Sept 25July 26Cash raise · 8 Oct 2025Cash raise · 5 June 2025Cash raise · 11 Dec 2024Cash raise · 11 Dec 2024

Cash runway

8.1 qtrs
More than four quarters of funding at the recent spend rate.
$4.3M 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 May 20263H · cancellationEPM : ORDINARY FULLY PAID3.29BAppendix 3H
11 Dec 20252A · quoted issueEPM : ORDINARY FULLY PAID3.29BAppendix 2A
8 Dec 20252A · quoted issueEPM : ORDINARY FULLY PAID3.28BAppendix 2A
8 Dec 20252A · quoted issueEPM : ORDINARY FULLY PAID3.29BAppendix 2A
28 Nov 20252A · quoted issueEPM : ORDINARY FULLY PAID3.28BAppendix 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

4 cash raises in the last 24 months · 1 in the last 12 months

$4.0M
Capital raise
8 Oct 2025
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

10.2%
Total overhang · of current shares
0.0%
In the money · at current price
335.2M
Potential new shares
June 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
8 Dec 2025Alfred John GillmanOther8.0M——3Y notice
24 Jan 2025Carl PopalOther12.9M——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

14 July 2026$PMaiden Hafnium Resource Defined at Historic Ivigtut Mine
14 June 2026$PFluorite and Critical Minerals Confirmed at Ivigtut Mine
11 June 2026Ceasing to be a substantial holder
1 June 2026Change in substantial holding
28 May 2026Notification of cessation of securities - EPM
20 May 2026Change in substantial holding
30 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
28 Apr 2026$PGreenland REE Resource More Than Doubles to 208Mt
22 Apr 2026$PResults Reinforce Gronnedal Critical Metals Profile
22 Apr 2026Change in substantial holding
21 Apr 2026Change in substantial holding
12 Apr 2026$PResults Confirm Extensive Nd-Pr REE at Gronnedal Greenland
26 Feb 2026Half Yearly Report and Accounts
19 Feb 2026$PEncouraging metallurgical results from REE Greenland Project
29 Jan 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
13 Jan 2026$PMetallurgical Testwork Underway & Greenland Samples in Perth
11 Dec 2025Notice Under Section 708A
11 Dec 2025Application for quotation of securities - EPM
9 Dec 2025Change in substantial holding
8 Dec 2025Change of Director's Interest Notice - AG

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