ENOVA MINING LIMITED
ASX:ENVMaterialsToday’s holders own 64.6% of what they think they own, once every option and right converts.
Runway under 2 quarters; share count grew 131% in 24 months; 4 cash raises in 24 months
ENOVA MINING LIMITED's ordinary share count rose 131.2% between August 2024 and September 2026, its latest share-count filing, to 2.28B shares. The company raised capital four times in the past 24 months for total disclosed proceeds of A$7.3M, most recently a non-renounceable entitlement offer and placement in September 2026 raising A$2.5M. Options and rights on issue could convert into 1.25B new shares, equal to 54.9% of the current share count, none in the money, with the nearest expiry in July 2027. No funding-runway figure is given because, at the last reported spend rate, the reported cash and subsequent raises were exhausted and no later cash report is on record. Six proposed securities issues (Appendix 3B) are pending, with the earliest proposed date in November 2026.
Quick answers · 5
Is ENV raising capital?
Enova Mining has 6 proposed issues of securities pending under Appendix 3B as at 28 Oct 2026; the most recent raise announced is Non-renounceable entitlement offer (Rights Issue) + Placement of $2.5M on 30 Sept 2026.
How much placement capacity does ENV have left?
About 21% of the 15% placement capacity left, about 79% used in 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.
How much cash does ENV have?
In its quarterly cash report for the quarter ended 30 June 2026, Enova Mining reported $630k of cash and estimated 0.8 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do ENV's options expire?
Unexercised options and rights equal 54.9% of Enova Mining's shares on issue; the nearest expiry is July 2027.
How much has ENV's share count grown?
Enova Mining has 2.28B shares on issue as at 28 Oct 2026, up 131.2% 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 |
|---|---|---|---|---|
| 15 Oct 2026 | 3H · cancellation | ENV : ORDINARY FULLY PAID | 2.28B | Appendix 3H |
| 30 Sept 2026 | 2A · quoted issue | ENV : ORDINARY FULLY PAID | 2.28B | Appendix 2A |
| 22 May 2026 | 2A · quoted issue | ENV : ORDINARY FULLY PAID | 1.93B | Appendix 2A |
| 22 May 2026 | 2A · quoted issue | ENV : ORDINARY FULLY PAID | 1.93B | Appendix 2A |
| 22 May 2026 | 2A · quoted issue | ENV : ORDINARY FULLY PAID | 1.98B | Appendix 2A |
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
4 cash raises in the last 24 months · 3 in the last 12 months
Retail offer
An offer existing holders can take part in — the one structural advantage retail has in a raise. Dated recently and not yet recorded as complete.
Closing dates are not in the filings this site holds. Check the company's own announcement below before acting on this.
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
An exercise price is on record for only 8.2% of this supply, so what is in the money today is not a measurement — the tile above reads “—” for that reason. Of the priced supply, 0 is in the money at $0.0020 today. No more priced supply until 10× today’s price, which takes it to 55.0M (2.4% 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.
- 30.0M (2.4% of the supply above) states a nil exercise price — nothing is paid to convert it, so no share price switches it on or off. It is the flat band, and it is not part of the in-the-money figure.
- 1.12B (89.6% of the supply above) states no exercise price at all. It cannot be called in or out of the money at any price, which is why it is hatched rather than plotted.
- 44.7M more carries an exercise price above ten times today’s — off the right of this axis, and in every total on this page.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| ENVAE | Options | Price-triggered | $0.040 | 31 July 2027 | 44.7M | Filing |
| ENVAC | Options | Price-triggered | $0.011 | 14 June 2028 | 55.0M | Filing |
| ENVO | Options | Price-triggered, no exercise price stated | — | 29 Dec 2028 | 1.08B | Filing |
| ENVAD | Options | Price-triggered | Nil | 16 Apr 2029 | 30.0M | Filing |
| ENVAA | Options | Price-triggered, no exercise price stated | — | — | 40.0M | 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 |
|---|---|---|---|---|---|---|---|
| 14 Oct 2026 | DATO SIA HOK KIANG | Sell | 25.8M | 2.1M | — | — | 3Y notice |
| 14 Oct 2026 | ERIC VESEL | Sell | 54.5M | 2.1M | — | — | 3Y notice |
| 14 Oct 2026 | STAN WASSYLKO | Sell | 30.4M | 2.1M | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.