ENTERPRISE METALS LIMITED
ASX:ENTMaterialsToday’s holders own 90.9% of what they think they own, once every option and right converts.
Runway under 2 quarters; share count grew 63% in 24 months; 2 cash raises in 24 months
ENTERPRISE METALS LIMITED's ordinary share count grew 62.7% between October 2024 and September 2026, its latest share-count filing, reaching 1.92B shares. The company completed two capital raises in that window, totalling A$2.0M, most recently a A$1.2M placement in September 2026. Options and rights could convert into 193M new shares, representing a 10.0% overhang relative to current shares, none of which are in the money; the nearest expiry is November 2026. The company has under 2 quarters of funding at the recent spend rate, based on its June 2026 quarter. No pending proposed issues are recorded.
Quick answers · 4
When did ENT last raise capital?
The last capital raise in Enterprise Metals's filings is Placement of $1.2M announced 21 Sept 2026, one of 2 cash raises in 24 months.
How much cash does ENT have?
In its quarterly cash report for the quarter ended 30 June 2026, Enterprise Metals reported $379k of cash and estimated 0.9 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do ENT's options expire?
Unexercised options and rights equal 10% of Enterprise Metals's shares on issue; the nearest expiry is Nov 2026.
How much has ENT's share count grown?
Enterprise Metals has 1.92B shares on issue as at 28 Oct 2026, up 62.7% over 24 months according to its Appendix 2A filings.
Shares on issue — last 2 years
Cash runway
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)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 30 Sept 2026 | 2A · quoted issue | ENT : ORDINARY FULLY PAID | 1.92B | Appendix 2A |
| 21 July 2026 | 3H · cancellation | ENT : ORDINARY FULLY PAID | 1.67B | Appendix 3H |
| 4 May 2026 | 3H · cancellation | ENT : ORDINARY FULLY PAID | 1.67B | Appendix 3H |
| 28 Apr 2026 | 3G · unquoted | ENT : ORDINARY FULLY PAID | 1.60B | Appendix 3G |
| 28 Apr 2026 | 3G · unquoted | ENT : ORDINARY FULLY PAID | 1.60B | Appendix 3G |
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.
Capital raises
2 cash raises in the last 24 months · 1 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 / 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.
Pending proposed issues
Options & convertible securities
At $0.0030 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 1.5× today’s price, which takes it to 78.4M (4.1% 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.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| ENTAAE | Options | Price-triggered | $0.006 | 30 Nov 2026 | 72.0M | Filing |
| ENTAAH | Options | Price-triggered | $0.0045 | 1 July 2027 | 64.2M | Filing |
| ENTAAI | Options | Price-triggered | $0.0045 | 2 Sept 2027 | 14.2M | Filing |
| ENTAB | Options | Price-triggered | $0.008 | 30 Nov 2027 | 42.3M | 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. For what expires soon across other listed companies, see the options expiry calendar.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 12 June 2026 | Stephen Hart | Other | 69.7M | — | — | $53.4M | 3Y notice |
| 25 Feb 2026 | Stephen Hart | Sell | 11.0M | 11.0M | — | — | 3Y notice |
| 2 Dec 2025 | Dermot Ryan | Other incentive | — | 13 | — | $45k | 3Y notice |
| 2 Dec 2025 | Graeme Smith | Other incentive | — | 13 | — | $45k | 3Y notice |
| 2 Dec 2025 | Stephen Hart | Other incentive | — | 15 | — | $50k | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.