EURO MANGANESE INC
ASX:EMNMaterialsToday’s holders own 59.2% of what they think they own, once every option and right converts.
Options/rights overhang 69% of shares; 1 cash raise in 24 months
EURO MANGANESE INC underwent an approximately 1-for-5 share consolidation in April 2025. As of February 2026, the company had 143M shares on issue; the series of ASX Appendix 2A filings does not contain sufficient data points to calculate share-count change over the period. No new share-issuance filings have been lodged since January 2024. In the past 24 months, the company completed one capital raise, a Placement and Security Purchase Plan in April 2025, which brought in A$12.3M. Options and rights on issue could convert into 98M new shares, representing 68.8% of the current share count, with none in the money; no expiry date for these securities is on record. The company has not lodged a current quarterly cash report, so no funding-runway figure is available. No proposed securities issues are pending.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 5 July 2026 | 3H · cancellation | EMN : CHESS DEPOSITARY INTERESTS 1:1 | 42.9M | Appendix 3H |
| 18 Mar 2026 | 3H · cancellation | EMN : CHESS DEPOSITARY INTERESTS 1:1 | 43.2M | Appendix 3H |
| 9 Feb 2026 | 3G · unquoted | CHESS DEPOSITARY INTERESTS 1:1 | 44.1M | Appendix 3G |
| 27 Jan 2026 | 3H · cancellation | CHESS DEPOSITARY INTERESTS 1:1 | 45.5M | Appendix 3H |
| 30 June 2025 | 3H · cancellation | EMN : CHESS DEPOSITARY INTERESTS 1:1 | 61.8M | Appendix 3H |
Each filing states the count for the security it names, as at its own reference date and in the units of that filing — so the newest row (42.9M) need not equal the current count above (143.0M).
Capital raises
1 cash raise in the last 24 months · 0 in the last 12 months
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 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 98.3M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| EMNAJ | Options | Price-triggered | — | — | 9.0M | Filing |
| EMNAL | Warrants | Price-triggered | — | — | 89.3M | 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.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 1 June 2026 | David Dreisinger | Sell | 261k | 574k | 42k | — | 3Y notice |
| 28 May 2025 | David Dreisinger | Buy placement | 42k | 240k | 42k | — | 3Y notice |
| 28 May 2025 | John Webster | Buy placement | 56k | 400k | 56k | — | 3Y notice |
| 28 May 2025 | Ludivine Wouters | Buy placement | 56k | 200k | 56k | — | 3Y notice |
| 28 May 2025 | Tom Stepien | Buy placement | 61k | 240k | 56k | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.