Companies / E25

ELEMENT 25 LIMITED

ASX:E25Materials
326.0M shares on issueASX (delayed) · as of 28 July 2026$0.26price · delayed$81.5Mmarket cap · indicative
C
Dilution grade

Share count grew 48% in 24 months; runway 2–4 quarters; 5 cash raises in 24 months

Cash runway2.5 quarters of funding
Share-count growth (24m)48.2%
Raise cadence (24m)5 cash raises
Options & rights overhang3.5% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

ELEMENT 25 LIMITED's ordinary share count grew 48.2% between July 2024 and July 2026, to 326M shares. The company raised capital five times over the period for total disclosed proceeds of A$59.2M, most recently a A$18.0M placement in April 2026. Options and rights on issue could convert into 12M new shares, equal to 3.5% 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$16.2M in available cash, about 2.5 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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3.5%
Max option dilution
0.0%
ITM option dilution
4
Raises · last 12 months
2.5 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 326.0M per ASX (delayed) (28 July 2026).
242.2M272.9M303.7MDec 24Sept 25July 26Cash raise · 8 Apr 2026Cash raise · 8 Apr 2026Cash raise · 9 Sept 2025Cash raise · 9 Sept 2025Cash raise · 29 Jan 2025

Cash runway

2.5 qtrs
Two to four quarters of funding at the recent spend rate.
$16.2M 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
14 July 20262A · quoted issueE25 : ORDINARY FULLY PAID326.0MAppendix 2A
23 Apr 20262A · quoted issueE25 : ORDINARY FULLY PAID325.8MAppendix 2A
10 Apr 20263H · cancellationE25 : ORDINARY FULLY PAID265.8MAppendix 3H
7 Apr 20262A · quoted issueE25 : ORDINARY FULLY PAID265.8MAppendix 2A
25 Mar 20262A · quoted issueE25 : ORDINARY FULLY PAID265.8MAppendix 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

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

$18.0M
Placement
8 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

3.5%
Total overhang · of current shares
0.0%
In the money · at current price
11.5M
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
27 May 2026Justin BrownSell—500k—3Y notice
12 Dec 2025Salvatore LancubaBuy37k——3Y notice
5 Dec 2025Rudolph van JaarsveldOther37k——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

27 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
14 July 2026Application for quotation of securities - E25
8 July 2026$PInvestor Update July 2026
6 July 2026$PRevised Terms Agreed for US$166M HPMSM U.S. DoE Grant
23 June 2026Results of Extraordinary General Meeting
23 June 2026$PEGM presentation
22 June 2026$PFirst Equipment for Butcherbird Expansion Lands in WA
1 June 2026Change of Director's Interest Notice
26 May 2026$PKey Mining & Haulage Contracts for Butcherbird Signed
26 May 2026$PUpdate on US HPMSM Project Execution Plan
22 May 2026Notice of Extraordinary General Meeting/Proxy Form
13 May 2026$PInvestor Update NWR Critical Minerals Presentation
12 May 2026$PButcherbird Expansion Project Delivery Update
30 Apr 2026Investor Update Mid West Major Projects Conference April 26
28 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
23 Apr 2026Placement Cleansing Notice
23 Apr 2026Application for quotation of securities - E25
12 Apr 2026Proposed issue of securities - E25
12 Apr 2026$PElement 25 Raises $18M to Fund Butcherbird Expansion
10 Apr 2026Notification of cessation of securities - E25

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