Companies / EV8

EVERLAST MINERALS LTD.

ASX:EV8Materials
131.3M shares on issueASX (delayed) · snapshot 11 Sept 2026158.2M fully diluted+20.5% if every option and right converts$0.41price · delayed$53.2Mmarket cap · indicative

Today’s holders own 83.0% of what they think they own, once every option and right converts.

Low
Dilution riskprovisional — limited history

Runway 4–8 quarters; options/rights overhang 20% of shares

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway4.4 quarters of funding
Share-count growth (24m)0.1%measured to the latest Appendix 2A, not to the share count above
Raise cadence (24m)0 cash raisesexcludes announced events with no matching share-issuance (Appendix 2A) filing
Options & rights overhang20.5% of shares
In-the-money supplyno data — no exercise price on record
Pending proposed issuesnone

EVERLAST MINERALS LTD. ordinary shares grew 0.2% between January 2026 and February 2026, reaching 131M. The company has not raised capital in the past 24 months and has no pending proposed securities issues. Options and rights on issue could convert into 27M new shares, representing 20.5% of the current share count, with no options currently in the money; the nearest expiry date is September 2028. As of the June 2026 quarter, the company held A$2.8M in cash, which represents approximately 4.4 quarters of funding.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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20.5%
Options & rights overhang
In-the-money supply · no stated strikes
0
Raises · last 12 months
4.4 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 131.3M per ASX (delayed) (snapshot 11 Sept 2026).
130.75M131.00M131.25MSept 25Mar 26Sept 26131.3M

Cash runway

4.4 qtrs
More than four quarters of funding at the recent spend rate.
Funds operations to about July 2027 at the reported spend rate.
$2.8M cash after burn from the quarter ended 30 June 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds. Filed with the quarterly report: $3.3M cash at quarter end (item 4.6), 8.1 qtrs of funding on the company’s own estimate. Our figure above carries the filed quarter-end balance forward at the reported spend rate and adds announced raise proceeds.
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4 quarters on record — 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 4 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
9 Feb 20262A · quoted issueEV8 : ORDINARY FULLY PAID55.9MAppendix 2A
9 Feb 20263G · unquotedORDINARY FULLY PAID55.8MAppendix 3G
19 Jan 20262A · quoted issueEV8 : ORDINARY FULLY PAID55.8MAppendix 2A
15 Dec 20253G · unquotedORDINARY FULLY PAID53.0MAppendix 3G

Each filing states the count for the security it names, as at its own reference date and in the units of that filing — so the newest row (55.9M) need not equal the current count above (131.3M).

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4 filings on record — Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

No equity raises in the last 24 months.
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1 raise on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
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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.

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2 dated events on record — Forward supply calendar
Option expiries and proposed issues on one forward timeline, with the securities each could add.
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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.

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Placement capacity — LR 7.1 / 7.1A
The filings behind the figure: every Appendix 3B in the window with what it says was issued under 7.1 and 7.1A, each row linked to its filing, and how many shares are left.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

20.5%
Options & rights overhang · of current shares
In-the-money supply · no stated strikes
26.9M
Potential new shares
Sept 2028
Nearest expiry
What this supply is, and what converts it
  • Price-triggered24.8M · 18.9% of shares
    Options and warrants — they convert when the share price clears their exercise price.
    No exercise price is on record for any of it, so none of it can be called in or out of the money.
  • Condition-triggered2.1M · 1.6% of shares
    Performance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.

Exercise price on record: 0 priced, 26.9M 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.

What a price move would switch on

No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 26.9M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

CodeSecurityTypeExercise priceExpiryOn issueSource
EV8ADOptionsPrice-triggered12 Sept 20285.0MFiling
EV8ACOptionsPrice-triggered12 Sept 202919.8MFiling
EV8AFPerformance rightsCondition-triggered350kFiling Meeting
EV8AEPerformance rightsCondition-triggered1.8MFiling 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.

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.

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4 option lines on record — In-the-money value & price ladder
What each line is worth in the money today, the price ladder to the next tranche that converts, and the filing description behind every code.
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Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
9 Feb 2026Paul QianOther incentive100k3Y notice
15 Dec 2025George EdwardsOther incentive100k3Y notice
15 Dec 2025Gregory StarrOther incentive100k100k3Y notice
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4 notices on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

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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

Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.