Companies / ENR

ENCOUNTER RESOURCES LIMITED

ASX:ENRMaterials
560.0M shares on issueASX (delayed) · as of 28 July 2026$0.25price · delayed$128.8Mmarket cap · indicative
B
Dilution grade

Share count grew 24% in 24 months; 3 cash raises in 24 months; 0% of shares in the money

Cash runway9.5 quarters of funding
Share-count growth (24m)24.2%
Raise cadence (24m)3 cash raises
Options & rights overhang3.7% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

ENCOUNTER RESOURCES LIMITED's ordinary share count increased 24.2% between June 2024 and July 2026, standing at 560M shares as of July 2026. The company raised capital three times in that period for total proceeds of A$65.6M, most recently a A$25.0M placement in October 2025. Options and rights could convert into 21M new shares, equal to 3.7% 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$27.8M in cash, representing 9.5 quarters of cover. 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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3.7%
Max option dilution
0.0%
ITM option dilution
2
Raises · last 12 months
9.5 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 560.0M per ASX (delayed) (28 July 2026).
476.5M507.1M537.8MDec 24Sept 25July 26Cash raise · 27 Oct 2025Cash raise · 27 Oct 2025

Cash runway

9.5 qtrs
More than four quarters of funding at the recent spend rate.
$27.8M 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
13 July 20262A · quoted issueENR : ORDINARY FULLY PAID560.0MAppendix 2A
29 June 20262A · quoted issueENR : ORDINARY FULLY PAID559.9MAppendix 2A
1 June 20263H · cancellationENR : ORDINARY FULLY PAID559.4MAppendix 3H
5 May 20263G · unquotedORDINARY FULLY PAID559.4MAppendix 3G
5 May 20263G · unquotedENR : ORDINARY FULLY PAID559.4MAppendix 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

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

$25.0M
Placement
27 Oct 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

3.7%
Total overhang · of current shares
0.0%
In the money · at current price
20.8M
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
10 Dec 2025Philip CrutchfieldOther1.1M325k—3Y notice
28 Nov 2025Peter BewickOther2.6M119k—3Y notice
28 Nov 2025William RobinsonOther—1.3M—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

26 July 2026$PRC Drilling Defines Copper-Gold Target at Elsa
13 July 2026Application for quotation of securities - ENR
13 July 2026Exercise of Performance Rights
29 June 2026Application for quotation of securities - ENR
29 June 2026Exercise of Employee Options
22 June 2026$PTwo rigs drilling at Yeneena Copper Project
15 June 2026$P70,000m Drill Program in Full Swing at Aileron
1 June 2026Notification of cessation of securities - ENR
1 June 2026Expiry of Options
26 May 2026$PNiobium-Lithium Battery Development MOU
18 May 2026$PNew Copper Zone Identified in First Assays at Lamil
17 May 2026$PStrong Metallurgical Recoveries at Aileron - Green
5 May 2026Notification regarding unquoted securities - ENR
5 May 2026Notification regarding unquoted securities - ENR
5 May 2026Issue of Options and Performance Rights
29 Apr 2026$PQuarterly Activities Report and Appendix 5B
24 Apr 2026Application for quotation of securities - ENR
24 Apr 2026Exercise of Performance Rights
21 Apr 2026$PAileron Resources Grow by Over 50% to 120Mt
1 Apr 2026Notification regarding unquoted securities - ENR

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