EQ RESOURCES LIMITED
ASX:EQRMaterialsToday’s holders own 95.0% of what they think they own, once every option and right converts.
Share count grew 132% in 24 months; 7 cash raises in 24 months; options/rights overhang 5% of shares
EQ RESOURCES LIMITED's ordinary share count grew 132.1% between August 2024 and October 2026, its latest share-count filing, to 5.19B shares. Over the past 24 months, the company raised capital seven times for total disclosed proceeds of A$100.7M, most recently a A$34.0M placement in December 2025. Options and rights on issue could convert into 272M new shares, equal to 5.2% of the current share count, of which 5% are in the money at the current share price; the nearest expiry falls in May 2027. The latest quarterly cash report (September 2026) showed non-negative net cash flow, so no funding-runway figure applies. No proposed securities issues are pending.
Quick answers · 4
When did EQR last raise capital?
The last capital raise in Eq Resources's filings is Placement of $34.0M announced 5 Dec 2025, one of 7 cash raises in 24 months.
How much placement capacity does EQR have left?
About 42% of the 15% placement capacity left, about 58% 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.
When do EQR's options expire?
Unexercised options and rights equal 5.2% of Eq Resources's shares on issue; the nearest expiry is May 2027.
How much has EQR's share count grown?
Eq Resources has 5.19B shares on issue as at 28 Oct 2026, up 132.1% 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 |
|---|---|---|---|---|
| 19 Oct 2026 | 2A · quoted issue | EQR : ORDINARY FULLY PAID | 5.19B | Appendix 2A |
| 19 Oct 2026 | 3H · cancellation | EQR : ORDINARY FULLY PAID | 5.19B | Appendix 3H |
| 29 Sept 2026 | 2A · quoted issue | EQR : ORDINARY FULLY PAID | 5.19B | Appendix 2A |
| 29 Sept 2026 | 3H · cancellation | EQR : ORDINARY FULLY PAID | 5.18B | Appendix 3H |
| 23 Sept 2026 | 2A · quoted issue | EQR : ORDINARY FULLY PAID | 5.18B | 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
7 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
- Price-triggered262.7M · 5.1% of sharesOptions and warrants — they convert when the share price clears their exercise price.
- Condition-triggered9.4M · 0.2% of sharesPerformance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
Exercise price on record: 262.7M priced (of which 247.7M in the money), 9.4M where the filing never states one. A security with no exercise price is never counted in the money — nothing is paid to convert it, so there is no price for it to be above.
Each figure is the filing’s own count of securities, not a share count — a 2A never states what one security converts into.
At $0.30 today, 247.7M securities are in the money (4.8% of shares on issue). No more priced supply until 1.25× today’s price, which takes it to 252.7M (4.9% 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.
- 9.4M (3.5% 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 |
|---|---|---|---|---|---|---|
| EQRAQ | Options | Price-triggered | $0.068 | 29 May 2027 | 113.6M | Filing |
| EQRAS | Options | Price-triggered | $0.070 | 29 Nov 2027 | 33.1M | Filing |
| EQRAV | Options | Price-triggered | $0.050 | 27 Nov 2028 | 5.0M | Filing |
| EQRAB | Options | Price-triggered | $0.15 | 9 Jan 2029 | 57.3M | Filing |
| EQRAZ | Options | Price-triggered | $0.35 | 3 Mar 2029 | 5.0M | Filing |
| EQRAX | Options | Price-triggered | $0.15 | 22 Mar 2029 | 38.8M | Filing |
| EQRAC | Options | Price-triggered | $0.40 | 14 July 2029 | 10.0M | Filing |
| EQRAY | Performance rights | Condition-triggered | — | — | 9.4M | Filing Meeting |
“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.
A condition-triggered class has no exercise price and usually no expiry: what it vests on is set by a shareholder resolution, not by the register. Where the company lodged a notice of meeting before the class first appears here, it is linked as “Meeting” — that is where terms of this kind are put to shareholders. It is not confirmation that the document sets this class’s conditions, and no link appears where there is no such filing.
- EQRARPrice-triggered20.0M securities → 015 June 2026 Appendix 2A
- EQRAWPrice-triggered5.0M securities → 024 Mar 2026 Appendix 2A
- EQRATPrice-triggered34.2M securities → 015 Jan 2026 Appendix 2A
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 14 Oct 2026 | Mr Michael Peter Joseph Nossal | Buy on-market | 1.0M | — | — | $500k | 3Y notice |
| 12 Aug 2026 | Mr Craig Richard Bradshaw | Buy incentive | 1.0M | — | — | — | 3Y notice |
| 23 Mar 2026 | Mr Craig Richard Bradshaw | Other | 2.0M | 15.0M | — | — | 3Y notice |
| 23 Mar 2026 | Stephen Robert Weir | Other | 2.0M | 6.0M | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.