ECLIPSE METALS LIMITED.
ASX:EPMEnergyToday’s holders own 92.6% of what they think they own, once every option and right converts.
Share count grew 46% in 24 months; runway 2–4 quarters; 4 cash raises in 24 months
ECLIPSE METALS LIMITED.'s ordinary share count grew 46.2% between May 2024 and December 2025, reaching 3.29B shares. In the past 24 months, the company completed four capital raises totalling A$7.1M, with the most recent being a placement in October 2025 that raised A$4.0M. Options on issue could convert into 264M new shares, representing 8.0% of the current share count, with the nearest expiry in June 2027; none of these options are currently in the money. As of June 2026, ECLIPSE METALS LIMITED. reported A$3.3M in available cash, sufficient to cover 3.7 quarters of operations. No proposed securities issues are 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 |
|---|---|---|---|---|
| 28 May 2026 | 3H · cancellation | EPM : ORDINARY FULLY PAID | 3.29B | Appendix 3H |
| 11 Dec 2025 | 2A · quoted issue | EPM : ORDINARY FULLY PAID | 3.29B | Appendix 2A |
| 8 Dec 2025 | 2A · quoted issue | EPM : ORDINARY FULLY PAID | 3.28B | Appendix 2A |
| 8 Dec 2025 | 2A · quoted issue | EPM : ORDINARY FULLY PAID | 3.29B | Appendix 2A |
| 28 Nov 2025 | 2A · quoted issue | EPM : ORDINARY FULLY PAID | 3.28B | Appendix 2A |
Capital raises
4 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 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 $0.014 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 3× today’s price, which takes it to 33.0M (1.0% 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.
- 71.1M (26.9% 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.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| EPMAC | Options | Price-triggered | $0.030 | 17 June 2027 | 33.0M | Filing |
| EPMO | Options | Price-triggered | — | 22 Oct 2027 | 71.1M | Filing |
| EPMAW | Options | Price-triggered | $0.050 | 18 Nov 2027 | 160.0M | 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.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 8 Dec 2025 | Alfred John Gillman | Other | 8.0M | — | — | — | 3Y notice |
| 24 Jan 2025 | Carl Popal | Other entitlement/SPP | 12.9M | — | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.