ENTERPRISE METALS LIMITED
ASX:ENTMaterialsToday’s holders own 89.6% of what they think they own, once every option and right converts.
Runway under 2 quarters; share count grew 51% in 24 months; 2 cash raises in 24 months
ENTERPRISE METALS LIMITED's ordinary share count grew 51.1% between August 2024 and April 2026, reaching 1.67B shares. The company raised capital twice in the past 24 months for total disclosed proceeds of A$1.1M, most recently a A$780K placement in June 2025. Options and rights on issue could convert into 193M new shares, representing 11.6% of the current share count, with the nearest expiry in November 2026; none are currently in the money. At the June 2026 quarter, the company reported A$30K in available cash, approximately 0.1 quarters of funding at its recent spending rate. There are no proposed securities issues 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 |
|---|---|---|---|---|
| 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 |
| 28 Apr 2026 | 2A · quoted issue | ENT : ORDINARY FULLY PAID | 1.67B | Appendix 2A |
Capital raises
2 cash raises 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
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 (4.7% 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 | $0.004 | 1 July 2027 | 64.2M | Filing |
| ENTAAI | Options | Price-triggered | $0.004 | 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.
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 12 Sept 2026.