Companies / EMU

EMU NL

ASX:EMUMaterials
405.5M shares on issueASX (delayed) · as of 28 July 2026$0.020price · delayed$8.1Mmarket cap · indicative
D
Dilution grade

Share count grew 223% in 24 months; runway 2–4 quarters; 9 cash raises in 24 months

Cash runway2.5 quarters of funding
Share-count growth (24m)223.1%
Raise cadence (24m)9 cash raises
Options & rights overhang78.9% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

EMU NL's ordinary share count grew 223.1% between July 2024 and July 2026, to 405M shares. The company completed nine capital raises in that 24-month window for total proceeds of A$12.6M, most recently a Non-Renounceable Rights Issue raising A$3.0M in March 2026. Options and rights on issue could convert into 320M new shares, equal to 78.9% of the current share count, with 0% of those options in the money and the nearest expiry in October 2026. At the March 2026 quarter EMU NL reported A$2.6M in cash, equivalent to 2.5 quarters of cover at its reported burn 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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78.9%
Max option dilution
0.0%
ITM option dilution
6
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 405.5M per ASX (delayed) (28 July 2026).
200.9M276.0M351.1MDec 24Sept 25July 26Cash raise · 25 Mar 2026Cash raise · 24 Mar 2026Cash raise · 14 Nov 2025Cash raise · 13 Nov 2025Cash raise · 8 Sept 2025Cash raise · 4 Sept 2025Cash raise · 13 May 2025Cash raise · 13 Dec 2024

Cash runway

2.5 qtrs
Two to four quarters of funding at the recent spend rate.
$2.6M 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
1 July 20263G · unquotedORDINARY FULLY PAID399.4MAppendix 3G
1 July 20262A · quoted issueEMU : ORDINARY FULLY PAID405.5MAppendix 2A
3 June 20263G · unquotedORDINARY FULLY PAID387.7MAppendix 3G
3 June 20262A · quoted issueEMU : ORDINARY FULLY PAID399.4MAppendix 2A
12 May 20263G · unquotedORDINARY FULLY PAID351.5MAppendix 3G
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

9 cash raises in the last 24 months · 6 in the last 12 months

$3.0M
Non-Renounceable Rights Issue
25 Mar 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

78.9%
Total overhang · of current shares
0.0%
In the money · at current price
320.0M
Potential new shares
Oct 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
22 Apr 2026Doug Jon GrewarOther381k381k$10k3Y notice
22 Apr 2026John Hugh AndersonOther800k800k$20k3Y notice
29 Sept 2025Adrian Christopher GriffinOther27k27k$4513Y 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

1 July 2026Notification regarding unquoted securities - EMU
1 July 2026Application for quotation of securities - EMU
1 July 2026Rights Issue Allotment Pursuant to Shortfall Offer
30 June 2026EMU to Commence Maiden Yataga Valley Drilling
3 June 2026Notification regarding unquoted securities - EMU
3 June 2026Application for quotation of securities - EMU
3 June 2026Rights Issue Allotment Pursuant to Shortfall Offer
17 May 2026Update Ahead of June 2026 Yataga Copper Drill Programme
12 May 2026Notification regarding unquoted securities - EMU
12 May 2026Application for quotation of securities - EMU
6 May 2026Change in substantial holding
28 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
28 Apr 2026Change of Director's Interest Notice x 2
28 Apr 2026App3X and Cover Letter
22 Apr 2026Appendix 2A
22 Apr 2026Notification regarding unquoted securities - EMU
22 Apr 2026$PNRRI Results
16 Apr 2026$PSecurity Class Suspension from Quotation - EMUOA
2 Apr 2026Despatch of Non-Renounceable Rights Issue Prospectus
25 Mar 2026Clarification of NRRI ASX Release

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