Companies / EL8

ELEVATE URANIUM LTD

ASX:EL8Energy
471.6M shares on issueASX (delayed) · snapshot 28 Oct 2026503.6M fully diluted+6.8% if every option and right converts$0.23price · delayed$99.0MMarket capAt the previous close. On a day the price moves, shares × today’s price will differ. Prices delayed.

Today’s holders own 93.6% of what they think they own, once every option and right converts.

Moderate
Dilution risk

Share count grew 38% in 24 months; runway 4–8 quarters; 2 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway4.3 quarters of funding
Share-count growth (24m)38.3%
Raise cadence (24m)2 cash raises
Options & rights overhang6.8% of shares
In-the-money supply0.0% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

ELEVATE URANIUM LTD's ordinary share count grew 38.3% between October 2024 and September 2026, its latest share-count filing, to 472M shares. The company raised capital twice in the past 24 months for total disclosed proceeds of A$39.5M, most recently a A$25.0M placement in October 2025. Options and rights on issue could convert into 32M new shares, equal to 6.8% of the current share count, of which 0% are in the money at the current share price; the nearest expiry falls in November 2026. The company has more than 4 quarters of funding at the recent spend rate. Two proposed securities issues (Appendix 3B) are pending, with an expected issue date in October 2026.

AI-generated summary of this page's cited filings · updated 26 Oct 2026
Quick answers · 5

Is EL8 raising capital?

Elevate Uranium has 2 proposed issues of securities pending under Appendix 3B as at 28 Oct 2026; the most recent raise announced is Placement of $25.0M on 31 Oct 2025.

How much placement capacity does EL8 have left?

About 84% of the 15% placement capacity left, about 16% used in 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.

How much cash does EL8 have?

In its quarterly cash report for the quarter ended 30 June 2026, Elevate Uranium reported $28.8M of cash and estimated 5.9 quarters of funding available at its current rate of spending. That is the company's own estimate.

When do EL8's options expire?

Unexercised options and rights equal 6.8% of Elevate Uranium's shares on issue; the nearest expiry is Nov 2026.

How much has EL8's share count grown?

Elevate Uranium has 471.6M shares on issue as at 28 Oct 2026, up 38.3% over 24 months according to its Appendix 2A filings.

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6.8%
Options & rights overhang
0.0%
In the moneyAn option whose exercise price is below the last closing share price, so converting it pays. These are the options most likely to become new shares soon. supply
1
Raises · last 12 months
4.3 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 471.6M per ASX (delayed) (snapshot 28 Oct 2026).
350M400M450MDec 24Nov 25Oct 26Cash raise · 31 Oct 2025471.6M

Cash runway

4.3 qtrs OURS
More than four quarters of funding at the recent spend rate.
Funds operations to about Nov 2027 at the reported spend rate.
$22.0M cash after burn.
FILED 5.9 qtrs · $28.8M cash · quarter ended 30 June 2026
OURS our estimate, carried to todayOURSOur estimate for today. We take the cash in the company’s latest cash report, deduct spending since at its reported rate, and, for quarterly filers, add raises announced after it. It moves daily; announced money may not all be received yet.$28.8M cash at 30 Jun 2026 − $6.8M spent ($5.1M a quarter × 120 days) = $22.0M left → 4.3 qtrsFILED as the company reportedFILEDAs the company stated it in its latest cash report. Dated to the end of that period, it does not change until the next report.
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11 cash reports on record — Cash runway history
Cash, net spend and cover trend from every Appendix 4C/5B and 4D/4E on record up to 30 June 2026.
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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)

DateFormSecurityOn issue, per this filingSource
26 Oct 20263G · unquotedEL8 : ORDINARY FULLY PAID471.6MAppendix 3G
11 Sept 20262A · quoted issueEL8 : ORDINARY FULLY PAID471.6MAppendix 2A
11 Sept 20263H · cancellationEL8 : ORDINARY FULLY PAID470.7MAppendix 3H
2 Sept 20263H · cancellationEL8 : ORDINARY FULLY PAID470.7MAppendix 3H
28 July 20262A · quoted issueEL8 : ORDINARY FULLY PAID470.7MAppendix 2A
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20 filings on record — Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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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.

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Securities on issue, by class
How the share count and each option and rights class moved, month by month, with every number in a table.
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Capital raises

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

every 11.6 monthsaverage gap between raises
11.9 monthssince the most recent
12 Nov 2024 – 31 Oct 2025first to most recent in this window
$25.0M
Placement
At 35.0c, 12.5% below the last close
31 Oct 2025 COMPLETE
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5 raises on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
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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.

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12 dated events on record — Forward supply calendar
Option expiries and proposed issues on one forward timeline, with the securities each could add.
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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.

About 84% of the 15% placement capacity left — about 16% used by Appendix 3B filings in the last 12 months, after the issues holders ratified (estimate, as at 2026-10-28). The company has also placed under the additional 10% (Listing Rule 7.1A), which is not counted in this figure. Shares issued with holder approval are not added to the base, so the true headroom can be higher.
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Placement capacity — LR 7.1 / 7.1A
The filings behind the figure: every Appendix 3B in the window with what it says was issued under 7.1 and 7.1A, each row linked to its filing, and how many shares are left.
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Pending proposed issues

2 proposed issues pending — Appendix 3B lodged, securities not yet issued. New shares from these issues are not in the counts above until quoted.
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2 pending issues on record — Pending issue detail
Size, price, fees, broker and placement-capacity usage for each pending issue.
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Options & convertible securities

6.8%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
32.0M
Potential new shares
Nov 2026
Nearest expiry
What this supply is, and what converts it
  • Price-triggered26.7M · 5.7% of shares
    Options and warrants — they convert when the share price clears their exercise price.
    At least 2.9M of it states no exercise price — that much cannot be called in or out of the money.
  • Condition-triggered5.2M · 1.1% of shares
    Performance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.

Exercise price on record: 23.9M priced, 8.1M 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.

What a price move would switch on
16.0M32.0M$0.23 now0.25× today ($0.06) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.11) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.17) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.23) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.28) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.34) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.45) — 2.9M of the priced supply in the money, 0.6% of shares on issue3× today ($0.68) — 12.0M of the priced supply in the money, 2.5% of shares on issue5× today ($1.13) — 23.9M of the priced supply in the money, 5.1% of shares on issue10× today ($2.25) — 23.9M of the priced supply in the money, 5.1% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.23 today, 0 securities are in the money (0.0% of shares on issue). At double today’s price it is 2.9M (0.6% of shares).

  • 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.
  • 8.1M (25.3% 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.
CodeSecurityTypeExercise priceExpiryOn issueSource
EL8AHOptionsPrice-triggered$0.6424 Nov 20265.8MFiling
EL8AROptionsPrice-triggered$0.7230 Nov 20267.2MFiling
EL8AWOptionsPrice-triggered$0.8020 Dec 20263.0MFiling
EL8AIOptionsPrice-triggered$0.6516 Jan 2027670kFiling
EL8APOptionsPrice-triggered$0.4518 July 2027200kFiling
EL8AAOptionsPrice-triggered$0.7526 Feb 20281.5MFiling
EL8AUOptionsPrice-triggered$0.7030 June 2028200kFiling
EL8AVOptionsPrice-triggered$0.508 Sept 202870kFiling
EL8ACOptionsPrice-triggered$0.6513 Oct 20292.4MFiling
EL8AXOptionsPrice-triggered$0.411 Dec 20292.9MFiling
EL8AQRightsCondition-triggered——229kFiling Meeting
EL8ASRightsCondition-triggered——830kFiling Meeting
—Performance rightsCondition-triggered——1.0MFiling Meeting
EL8ABPerformance rightsCondition-triggered——1.5MFiling Meeting
—Performance rightsCondition-triggered——1.6MFiling Meeting
—OptionsPrice-triggered, no exercise price stated——2.9MFiling

“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.

A condition-triggered class has no exercise price and usually no expiry: what it vests on is set by a shareholder resolution, not by the register. Where the company lodged a notice of meeting before the class first appears here, it is linked as “Meeting” — that is where terms of this kind are put to shareholders. It is not confirmation that the document sets this class’s conditions, and no link appears where there is no such filing.

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16 option lines on record — In-the-money value & price ladder
What each line is worth in the money today, the price ladder to the next tranche that converts, and the filing description behind every code.
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Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
11 Sept 2026Murray HillSell incentive390k—390k—3Y notice
21 Jan 2026Carol Ann HillOther off-market7.6M2.9M1.3M—3Y notice
21 Jan 2026Murray HillOther off-market995k4.1M440k—3Y notice
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9 notices on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

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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

26 Oct 2026Notification regarding unquoted securities - EL8
26 Oct 2026Grant of Securities under the Employee Incentives Award Plan
23 Oct 2026Proposed issue of securities - EL8
23 Oct 2026NOM Material Access Letter
23 Oct 2026Notice of Annual General Meeting/Proxy Form
15 Oct 2026Appendix 4G
15 Oct 2026Corporate Governance Statement
15 Oct 2026Annual Report to shareholders
6 Oct 2026Notification of Annual General Meeting Date
30 Sept 2026Update - Proposed issue of securities - EL8
30 Sept 2026Update to - Elevate Lifts Marenica Project Ownership to 90%
25 Sept 2026Full Year Statutory Accounts
11 Sept 2026Change of Director's Interest Notice
11 Sept 2026Cleansing Notice
11 Sept 2026Notification of cessation of securities - EL8
11 Sept 2026Application for quotation of securities - EL8
9 Sept 2026Investor Webinar Registration Notification
9 Sept 2026World Nuclear Symposium Presentation
2 Sept 2026Notification of cessation of securities - EL8
2 Sept 2026Expiry of Options

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