Companies / ERL

EMPIRE RESOURCES LIMITED

ASX:ERLMaterials
2.09B shares on issueASX (delayed) · as of 28 July 2026$0.007price · delayed$14.6Mmarket cap · indicative
B
Dilution grade

Share count grew 41% in 24 months; 1 cash raise in 24 months; 0% of shares in the money

Cash runway21.6 quarters of funding
Share-count growth (24m)40.7%
Raise cadence (24m)1 cash raise
Options & rights overhang0.4% of shares
In-the-money supply0.4% of shares
Pending proposed issuesnone

EMPIRE RESOURCES LIMITED's ordinary share count grew 40.7% between May 2024 and April 2026 to 2.09B shares. The company raised capital once in that period for total proceeds of A$4.8M, with the latest raise in February 2026 producing A$4.8M. Options and rights on issue could convert into 8M new shares, equal to 0.4% of the current share count, with 0% in the money and the nearest expiry in October 2027. At the March 2026 quarter the company reported A$4.2M in available cash, equivalent to 21.6 quarters of cover. No proposed securities issues (Appendix 3B) are pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
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0.4%
Max option dilution
0.4%
ITM option dilution
1
Raises · last 12 months
21.6 qtrs
Cash cover · over 4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 2.09B per ASX (delayed) (28 July 2026).
1.61B1.79B1.96BDec 24Sept 25July 26Cash raise · 9 Feb 2026

Cash runway

21.6 qtrs
More than four quarters of funding at the recent spend rate.
$4.2M available cash at quarter ended 31 Mar 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 31 Mar 2026.
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Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityTotal on issue afterSource
1 Apr 20262A · quoted issueERL : ORDINARY FULLY PAID2.09BAppendix 2A
30 Mar 20262A · quoted issueERL : ORDINARY FULLY PAID2.09BAppendix 2A
17 Feb 20262A · quoted issueERL : ORDINARY FULLY PAID1.85BAppendix 2A
3 Oct 20253G · unquotedERL : ORDINARY FULLY PAID1.48BAppendix 3G
7 May 20242A · quoted issueERL : ORDINARY FULLY PAID1.48BAppendix 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

$4.8M
Capital raise
9 Feb 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

0.4%
Total overhang · of current shares
0.4%
In the money · at current price
7.5M
Potential new shares
Oct 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
8 July 2026Michael RuaneBuy1.0M—$6k3Y notice
6 July 2026Michael RuaneBuy2.0M—$12k3Y notice
22 June 2026Michael RuaneBuy1.5M—$11k3Y 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

15 July 2026Change of Director's Interest Notice
7 July 2026Change of Director's Interest Notice
2 July 2026$PYuinmery April 2026 RC Drilling Program Preliminary Results
26 June 2026Change of Director's Interest Notice
5 June 2026Yuinmery RC Drilling Program Commencing 6 June 2026
4 June 2026Change of Director's Interest Notice
18 May 2026Amended Appendix 3Y
14 May 2026Change of Director's Interest Notice
6 May 2026$PAmended Announcement and Lifting of Trading Halt
5 May 2026$PTrading Halt
5 May 2026$PPause in Trading
4 May 2026$PRC Drilling Program Completed at Yuinmery
29 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
2 Apr 2026$PYuinmery RC Drilling Program Commencing 7 April 2026
1 Apr 2026Tranche 2 Placement and Cleansing Notice
1 Apr 2026Application for quotation of securities - ERL
30 Mar 2026Change of Director's Interest Notice
30 Mar 2026Application for quotation of securities - ERL
30 Mar 2026$PTranche 2 Placement and Cleansing Notice
24 Mar 2026Results of Meeting

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