Companies / ETM

ENERGY TRANSITION MINERALS LTD

ASX:ETMMaterials
2.21B shares on issueASX (delayed) · as of 28 July 2026$0.052price · delayed$110.6Mmarket cap · indicative
C
Dilution grade

Share count grew 57% in 24 months; 4 cash raises in 24 months; options/rights overhang 12% of shares

Cash runway10.4 quarters of funding
Share-count growth (24m)56.6%
Raise cadence (24m)4 cash raises
Options & rights overhang11.5% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

ENERGY TRANSITION MINERALS LTD's ordinary share count grew 56.6% between May 2024 and June 2026 to 2.20B shares. The company raised capital four times in that period for total proceeds of A$66.0M, most recently a placement of A$29.3M in January 2026. Options and rights on issue could convert into 255M new shares, equal to 11.5% of the current share count, with 0% in the money at present and the nearest expiry in August 2026. At the March 2026 quarter the company reported A$44.2M in cash, representing 10.4 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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11.5%
Max option dilution
0.0%
ITM option dilution
2
Raises · last 12 months
10.4 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 2.21B per ASX (delayed) (28 July 2026).
1.58B1.81B2.04BDec 24Sept 25July 26Cash raise · 27 Jan 2026Cash raise · 12 Aug 2025Cash raise · 28 Jan 2025Cash raise · 16 Jan 2025

Cash runway

10.4 qtrs
More than four quarters of funding at the recent spend rate.
$44.2M 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
12 July 20263H · cancellationETM : ORDINARY FULLY PAID2.20BAppendix 3H
24 June 20263G · unquotedETM Ordinary fully paid shares2.20BAppendix 3G
19 June 20263G · unquotedETM : ORDINARY FULLY PAID2.20BAppendix 3G
19 June 20262A · quoted issueETM : ORDINARY FULLY PAID2.20BAppendix 2A
19 June 20262A · quoted issueETM : ORDINARY FULLY PAID2.20BAppendix 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

4 cash raises in the last 24 months · 2 in the last 12 months

$29.3M
Placement
27 Jan 2026 ACTIVE
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

11.5%
Total overhang · of current shares
0.0%
In the money · at current price
255.3M
Potential new shares
Aug 2026
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
30 Apr 2026Sara Clare KellyOther8.0M——3Y notice
30 Apr 2026Simon KidstonOther———3Y notice
30 Apr 2026Amy JiangOther1.3M6.0M—3Y 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 2026Investor Presentation
20 July 2026$PETM Completes Acquisition of Penouta
12 July 2026Notification of cessation of securities - ETM
6 July 2026Notification of forthcoming expiry of quoted options
30 June 2026Galician government approves Penouta licence transfer to ETM
28 June 2026$PGreenlandic Government decision on Kvanefjeld extension
24 June 2026Notification regarding unquoted securities (updated) - ETM
19 June 2026Notification regarding unquoted securities - ETM
19 June 2026Issue of Shares and Cleansing Notice
19 June 2026Application for quotation of securities - ETM
19 June 2026Application for quotation of securities - ETM
19 June 2026Notification regarding unquoted securities - ETM
11 June 2026$PKvanefjeld Rare Earth Target Discovered
2 June 2026Investor Presentation
29 May 2026ETM Shareholder and Investor Webinar
25 May 2026$PFormer US official, Alex Gray appointed to Advisory Board
11 May 2026$PETM and Traxys conclude offtake MoU for Penouta
3 May 2026$PPenouta Mineral Resource Update
1 May 2026Notification regarding unquoted securities - ETM
1 May 2026Change of Director's Interest Notice x 6

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