CANADIAN PHOSPHATE LIMITED
ASX:CP8MaterialsToday’s holders own 87.3% of what they think they own, once every option and right converts.
Runway under 2 quarters; share count grew 29% in 24 months; 2 cash raises in 24 months; since relisting as CP8; prior history under FTZ not included
CANADIAN PHOSPHATE LIMITED (trading under CP8 since a rename from FTZ in February 2025) increased its ordinary share count by 28.6% between February 2025 and July 2026, its latest share-count filing, to 395M ordinary shares. That history covers only the period since the rename. The company raised capital twice in the 24-month window, total proceeds A$7.2M, most recently a A$5.2M renounceable rights issue in June 2026. Options and rights could convert into 57M new shares, representing a 14.5% overhang, with 7% currently in the money and the nearest expiry in June 2028. CANADIAN PHOSPHATE LIMITED has under 2 quarters of funding at the recent spend rate. No proposed securities issues are pending.
Quick answers · 3
When did CP8 last raise capital?
The last capital raise in Canadian Phosphate's filings is Renounceable Rights Issue of $5.2M announced 1 June 2026, one of 2 cash raises in 24 months.
How much cash does CP8 have?
In its quarterly cash report for the quarter ended 30 Sept 2026, Canadian Phosphate reported $3.1M of cash and estimated 1.4 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do CP8's options expire?
Unexercised options and rights equal 14.5% of Canadian Phosphate's shares on issue; the nearest expiry is June 2028.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 31 July 2026 | 2A · quoted issue | CP8 : ORDINARY FULLY PAID | 394.5M | Appendix 2A |
| 26 June 2026 | 2A · quoted issue | CP8 : ORDINARY FULLY PAID | 386.0M | Appendix 2A |
| 26 June 2026 | 2A · quoted issue | CP8N : ORDINARY FULLY PAID DEFERRED | 351.3M | Appendix 2A |
| 26 June 2026 | 2A · quoted issue | CP8 : ORDINARY FULLY PAID | 351.3M | Appendix 2A |
| 18 June 2026 | 2A · quoted issue | CP8 : ORDINARY FULLY PAID | 347.6M | Appendix 2A |
Securities on issue over time
Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.
Capital raises
2 cash raises in the last 24 months · 2 in the last 12 months · counted since relisting as CP8 (24 Feb 2025); prior history under FTZ is not included
Forward supply
Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.
Placement capacity
How much stock a company can place without asking holders. Listing Rule 7.1 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
- Price-triggered47.8M · 12.1% of sharesOptions and warrants — they convert when the share price clears their exercise price.At least 20.3M of it states no exercise price — that much cannot be called in or out of the money.
- Condition-triggered9.4M · 2.4% of sharesPerformance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
Exercise price on record: 27.5M priced (of which 27.5M in the money), 29.8M where the filing never states one. A security with no exercise price is never counted in the money — nothing is paid to convert it, so there is no price for it to be above.
Each figure is the filing’s own count of securities, not a share count — a 2A never states what one security converts into.
At $0.14 today, 27.5M securities are in the money (7.0% of shares on issue) — a floor, because an exercise price is on record for only 48.0% of this supply. No price up to ten times today’s switches on any more priced supply.
- Priced supply in the money at the price on the axis — the curve, and the only thing on it. Ten prices, sampled: between two of them the true figure lies between the two.
- 29.8M (52.0% of the supply above) states no exercise price at all. It cannot be called in or out of the money at any price, which is why it is hatched rather than plotted.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| CP8O | Options | Price-triggered, no exercise price stated | — | 26 June 2028 | 20.3M | Filing |
| CP8AU | Options | Price-triggered | $0.050 | 3 Apr 2029 | 7.1M | Filing |
| CP8AV | Options | Price-triggered | $0.10 | 3 Apr 2029 | 2.4M | Filing |
| CP8AW | Options | Price-triggered | $0.050 | 6 June 2030 | 14.4M | Filing |
| CP8AX | Options | Price-triggered | $0.10 | 6 June 2030 | 3.6M | Filing |
| CP8AS | Performance rights | Condition-triggered | — | — | 9.4M | Filing |
“Nil” is a stated nil exercise price: nothing is paid to convert. An em dash means the filing names no exercise price at all. Security is read from the filing’s own class description; an em dash there means the description is not one this table labels. One row is one security class, at the number stated in the most recent quotation application that restated it — linked, and dated, in the last column. For what expires soon across other listed companies, see the options expiry calendar.
- CP8ACconvertible notes1.2M31 July 2026 Appendix 2A
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 26 June 2026 | Daniel Gleeson | Other entitlement/SPP | 191k | 96k | 5.8M | — | 3Y notice |
| 26 June 2026 | Malcolm Weber | Other entitlement/SPP | 1.4M | 678k | — | — | 3Y notice |
| 26 June 2026 | Peter Doyle | Other entitlement/SPP | 143k | 71k | — | — | 3Y notice |
| 26 June 2026 | Stuart Richardson | Buy entitlement/SPP | 2.4M | 1.2M | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.