Companies / ERE

EUROPEAN RESOURCES LIMITED

ASX:EREMaterials
694.9M shares on issueASX (delayed) · as of 28 July 2026$0.015price · delayed$10.4Mmarket cap · indicative
C
Dilution grade

Runway 2–4 quarters; options/rights overhang 41% of shares; 1 cash raise in 24 months

Cash runway2.2 quarters of funding
Share-count growth (24m)0.0%no issuance filings since 2024
Raise cadence (24m)1 cash raise
Options & rights overhang41.2% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

EUROPEAN RESOURCES LIMITED had 695M ordinary shares on issue as of May 2026. The company reports no new Appendix 2A share-issuance filings since January 2024. In the past 24 months it raised once for total proceeds of A$3.4M, most recently in April 2026 for A$3.4M. Options and rights could convert into 286M new shares, equal to 41.2% of the current share count, with none currently in the money; the nearest expiry is January 2027. At the June 2026 quarter the company reported A$1.5M in cash, representing 2.2 quarters of cover. There are no proposed securities issues (Appendix 3B) pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
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41.2%
Max option dilution
0.0%
ITM option dilution
1
Raises · last 12 months
2.2 qtrs
Cash cover · 2–4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 694.9M per ASX (delayed) (28 July 2026).
559.5M609.2M658.9MDec 25Apr 26July 26Cash raise · 9 Apr 2026

Cash runway

2.2 qtrs
Two to four quarters of funding at the recent spend rate.
$1.5M available cash at quarter ended 30 June 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds.
Paid plan
Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 30 June 2026.
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Issuance timeline

Latest 1 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityTotal on issue afterSource
12 May 20262A · quoted issueERE : ORDINARY FULLY PAID694.9MAppendix 2A
Paid plan
Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

1 cash raise in the last 24 months · 1 in the last 12 months

$3.4M
Capital raise
9 Apr 2026
Paid plan
Full raise history
Issue price, discount, brokers, purpose and tranche detail for every raise on record.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

41.2%
Total overhang · of current shares
0.0%
In the money · at current price
286.2M
Potential new shares
Jan 2027
Nearest expiry
Paid plan
Per-line options & expiry cliffs
Each option line — code, strike, expiry, quantity and ITM value — plus the expiry-cliff chart.
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Director dealings

DateDirectorTypeSharesOptionsValueSource
15 May 2026Jason BecktonBuy1.0M—$13k3Y notice
13 May 2026Thomas MannBuy3.6M3.6M$53k3Y notice
13 May 2026John LevingsBuy1.6M1.6M$24k3Y notice
Paid plan
Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

Free account
Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
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Latest announcements

21 July 2026$PSoil Geochemistry Detects Standout REE Zone and New Anomaly
17 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
10 July 2026Update to ANSTO Initial Testing announcement
7 July 2026$PANSTO Initial Testing Extracts 83% Magnet Rare Earths
30 June 2026Director Appointment/Resignation
25 June 2026Presentation to Investors
18 June 2026Investor Webinar
15 June 2026$PSignificant Increase in Korsnas Exploration Target
31 May 2026$PPassive Seismic Survey Detects New Anomalies
27 May 2026Results of Annual General Meeting
27 May 2026Presentation to Annual General Meeting
17 May 2026Change of Director's Interest Notice
12 May 2026Change of Director's Interest Notices
12 May 2026Application for quotation of securities - ERE
12 May 2026$PRights Issue Results
3 May 2026$PANSTO Further Advances Korsnas REE Processing
27 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
24 Apr 2026Notice of Annual General Meeting/Proxy Form
20 Apr 2026Renounceable Rights Issue - Dispatch
15 Apr 2026$PKorsnas Resource Estimate Increased to 15.4Mt @ 1.00% TREO

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 July 2026.