Companies / EMC

EVEREST METALS CORPORATION LTD

ASX:EMCMaterials
269.7M shares on issueASX (delayed) · as of 28 July 2026$0.13price · delayed$33.7Mmarket cap · indicative
D
Dilution grade

Runway under 2 quarters; share count grew 45% in 24 months; 3 cash raises in 24 months

Cash runway0.8 quarters of funding
Share-count growth (24m)44.8%
Raise cadence (24m)3 cash raises
Options & rights overhang7.1% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

EVEREST METALS CORPORATION LTD's ordinary share count rose 44.8% between July 2024 and November 2025, to 270M shares (latest reported). The company raised capital three times in the 24‑month window for total disclosed proceeds of A$12.0M, most recently a Placement on August 2025 that raised A$4.0M. Options and rights could convert into 19M new shares, equal to 7.1% of the current share count, with 0% in the money and the nearest expiry in November 2026. At the March 2026 quarter the company reported A$994K in cash, covering about 0.8 quarters at the recent cash‑use 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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7.1%
Max option dilution
0.0%
ITM option dilution
2
Raises · last 12 months
0.8 qtrs
Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 269.7M per ASX (delayed) (28 July 2026).
203.8M228.0M252.2MDec 24Sept 25July 26Cash raise · 7 Aug 2025Cash raise · 7 Aug 2025

Cash runway

0.8 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$994k 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
23 July 20263H · cancellationEMC : ORDINARY FULLY PAID269.7MAppendix 3H
24 June 20263G · unquotedEMC : ORDINARY FULLY PAID269.7MAppendix 3G
18 June 20263G · unquotedEMC : ORDINARY FULLY PAID269.7MAppendix 3G
28 Nov 20252A · quoted issueEMC : ORDINARY FULLY PAID269.7MAppendix 2A
7 Oct 20252A · quoted issueEMC : ORDINARY FULLY PAID268.4MAppendix 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 · 2 in the last 12 months

$4.0M
Placement
7 Aug 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

7.1%
Total overhang · of current shares
0.0%
In the money · at current price
19.3M
Potential new shares
Nov 2026
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
29 Nov 2025Mark Victor CarusoOther1.3M——3Y notice
11 Dec 2024Mark Victor CarusoOther1.2M4.0M—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

23 July 2026Notification of cessation of securities - EMC
22 July 2026$PDrilling Commences at Mt Dimer Exploration Tenement, WA
20 July 2026$PMining Lease Granted for Revere Gold Project
24 June 2026Notification regarding unquoted securities - EMC
23 June 2026$PHigh-Grade Drilling Results at Mt Dimer Taipan Gold Project
18 June 2026Notification regarding unquoted securities - EMC
18 June 2026Issue of Performance Rights
19 May 2026$PMRE Upgrade Underpins Mining Proposal, Mt Edon Rb Project
13 May 2026$PMaiden MRE Defines Near-Surface Gold System at Revere, WA
28 Apr 2026$PQuarterly Cashflow Report - March 2026
28 Apr 2026$PQuarterly Activities Report - March 2026
31 Mar 2026$PMetallurgical Results & Mining Proposal Submission, Mt Edon
12 Mar 2026$PDrilling hits Bonanza grades at Mt Dimer Taipan Gold Project
10 Mar 2026Half Year Accounts - December 2025
25 Feb 2026EMC Lodges Patent Application for Rubidium Extraction
18 Feb 2026$PDrilling Confirms Continuous Gold Mineralisation at Revere
10 Feb 2026$PCorporate Presentation
2 Feb 2026$PHigh-grade Rb results at Mt Edon Critical Mineral Project
28 Jan 2026$PEMC Accelerates Gold and Silver Mining at Mt Dimer Taipan
27 Jan 2026$PQuarterly Cashflow Report - December 2025

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