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- Last 2026-11-06
- A$0.042
- 1D
- —
- 1M
- —
- YTD
- —
- 1Y
- —
- Fair value
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- Upside
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- Mkt cap
- A$92.9M
- EV
- —
- Cash
- A$41.7M
- Debt
- A$0
3 newer ASX announcements not yet reflected in this valuation
- Notification of cessation of securities - ETMPost Cash Checkpoint Security Event
- Quarterly Activities/Appendix 5B Cash Flow ReportLatest Four Activities Reports
- Notification of cessation of securities - ETMPost Cash Checkpoint Security Event
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Sign in or enter a guest codeAnnouncements
Latest 12 of 19All sources ▸- Notification of cessation of securities - ETMCorporate Action
- Quarterly Activities/Appendix 5B Cash Flow ReportResults
- Investor PresentationPresentation
- ETM Completes Acquisition of PenoutaTransaction
- Notification of cessation of securities - ETMCorporate Action
- Notification regarding unquoted securities (updated) - ETMCorporate Action
- Notification regarding unquoted securities - ETMCorporate Action
- Application for quotation of securities - ETMCorporate Action
- Penouta Mineral Resource UpdateResource Update
- Notification regarding unquoted securities - ETMCorporate Action
- Quarterly Activities/Appendix 5B Cash Flow ReportResults
- Annual Report to shareholdersResults
Event calendar · next 12 months
6 events| Timing | Event | Category | Confidence | Materiality | Investor relevance |
|---|---|---|---|---|---|
| 2026-09-26 to 2026-09-30 | Penouta Section C application submission | Permitting | Company Guided | High | Tests whether the full technical and environmental package can enter permitting on the company timetable. |
| 2026-10-01 to 2026-12-31 | Penouta prefeasibility study and validated flowsheet | Study | Company Guided | High | First current capex, cost and process evidence may replace resource-stage calibration. |
| 2026-10-27 | Greenland defendants' response on Kvanefjeld merits | Other | Confirmed | High | First merits response tests the legal-option thesis but is not a merits judgment. |
| 2026-11-10 | Greenland hearing-duration submissions | Other | Confirmed | Medium | Clarifies schedule for a possible 2027–28 merits hearing. |
| 2027-01-01 to 2027-06-30 | Penouta environmental, rehabilitation and social studies | Permitting | Company Guided | High | Required technical work is a critical path to Section C approval and restart. |
| 2027-05-01 to 2027-05-12 | Traxys offtake MOU renewal or binding conversion | Economic Arrangement | Inferred | Medium | A binding agreement could establish product terms and a financeable commercial channel; the present MOU guarantees neither. |
Executive roster
As of 2026-09-26Background checks ▸2025 annual-report roster reconciled to September 2026 interim accounts and 24 September CFO cessation effective 25 September; no replacement CFO announced.
| Executive | Title | Normalized role | Appointed | Sources |
|---|---|---|---|---|
| Daniel Mamadou Blanco | Managing Director | Executive Director · Chief Executive | 2021-12-06 | Annual Report to shareholders · Interim financial report for 30 June 2026 · Cessation of Chief Financial Officer |
| Sara Kelly | Executive Director | Executive Director | — | Annual Report to shareholders · Interim financial report for 30 June 2026 · Cessation of Chief Financial Officer |
| Ryan Sebbes | Company Secretary | Company Secretary | 2024-04-05 | Annual Report to shareholders · Interim financial report for 30 June 2026 |
devCoverage status: Complete As Disclosed
Portfolio detail
Assets
Core asset
Penouta Tin-Tantalum-Niobium Mine
Spain
Care And Maintenance100% ownedTinOthers
Acquisition completed in July 2026. Section B is live; Section C is suspended and ETM is progressing a new exploitation-concession application. Restart remains subject to technical, environmental, permitting and funding work.
Project location
Site imagery
Loading imagery…
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Published study economicsIssuer or study metrics
Operating cost9.25USD/tonne processing plus G&A
MRE pit-shell processing and G&A cost basis only; not a feasibility study or project valuation.
Resources & reserves3
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Measured | 5.9M tonnes | 569 ppm Sn, 100 ppm Ta2O5, 98 ppm Nb2O5 | Tin · Others | 2026-05-01 |
| Mineral Resource | Indicated | 68M tonnes | 457 ppm Sn, 83 ppm Ta2O5, 88 ppm Nb2O5 | Tin · Others | 2026-05-01 |
| Mineral Resource | Inferred | 34.1M tonnes | 375 ppm Sn, 70 ppm Ta2O5, 96 ppm Nb2O5 | Tin · Others | 2026-05-01 |
Tenements2
Milestones3
- Submit full new Section C exploitation-concession application
Pending · High materiality
- Complete targeted PFS, validated flowsheet and financial scenarios
Pending · High materiality
- Complete environmental, rehabilitation and social studies
Pending · High materiality
Permits & approvals2
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| Section B waste and tailings exploitation authorisation | Galicia, Spain | Granted | 2030-04-19 | No |
| New Section C exploitation concession | Galicia, Spain | Pending | — | Yes |
Material
Kvanefjeld Rare Earths Project
Greenland
DFS Unfunded Developer100% ownedRare EarthsOthers
Exploration licence extension was refused in June 2026 and exploitation licence applications remain rejected; value depends on Greenland court litigation and potentially resumed arbitration. On 1 September 2026 the Greenland High Court retained executive-branch defendants; merits response is due 27 October 2026 and a hearing may be no earlier than autumn 2027.
Project location
Approximate location
Loading imagery…
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Tenements1
Milestones1
- Remaining defendants' substantive statement of defence
Pending · High materiality
Permits & approvals1
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| Kvanefjeld exploitation licence | Greenland | Refused | — | Yes |
Economic studies1
| Study | Stage | Status | Date | Summary |
|---|---|---|---|---|
| 2016 Definitive Feasibility Study | DFS | Superseded | 2016-01-01 | Historical DFS is not treated as a current economic basis because licence status and legal conditions have materially changed. |
Other
Villasrubias Lithium-Tantalum Project
Spain
Early ExplorerLithiumOthers
ETM holds an option to earn 51% by spending A$3 million; current earned ownership was not established in the reviewed package. The 30 June 2026 interim report fully impaired the Villasrubias and James Bay exploration carrying amounts; this is an accounting outcome, not proof of zero geological potential.
Project location
Approximate location
Loading imagery…
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Tenements1
Other
Solo Lithium Project
Canada
Early Explorer100% ownedLithium
Live James Bay claims; no substantive on-ground activity in the June 2026 quarter and strategic options are under consideration. The 30 June 2026 interim report fully impaired the Villasrubias and James Bay exploration carrying amounts; this is an accounting outcome, not proof of zero geological potential.
Other
Good Setting Lithium Project
Canada
Early Explorer100% ownedLithium
Live James Bay claims; no substantive on-ground activity in the June 2026 quarter and strategic options are under consideration. The 30 June 2026 interim report fully impaired the Villasrubias and James Bay exploration carrying amounts; this is an accounting outcome, not proof of zero geological potential.
Other
Swordfish Projects
Spain
Early Explorer100% ownedLithiumOthers
Early-stage Spanish exploration portfolio with minimal June-quarter field work and permits reported in good standing.
Other
Cibeles Geothermal Research Permits
Spain
Early ExplorerOthers
Five granted geothermal research permits beneficially held for transfer to ETM Spain; ETM is considering strategic options.
Funding, performance and ownership
Financials & Capital
Liquidity
Financial position
Reviewed interim accounts confirm A$41.673m cash at 30 June and A$15.839m half-year operating outflow; A$1.848m of Penouta consideration was advanced by period end. The remaining purchase amount and unreported post-quarter burn reduce available cash, and restart capital remains unknown.
Inventory composition1
The Penouta acquisition included stocks and inventory, but the reviewed disclosures do not quantify or value them.
- Penouta acquired stocks and inventory, quantity and carrying value undisclosed
- — carrying
Capital structure
Ownership and dilution
- Ordinary shares
- 2.2B
- Fully diluted
- 2.4B
At 6 August 2026 ASX reported 2,200,500,556 quoted ordinary shares plus 12,000,000 restricted ordinary shares, giving 2,212,500,556 ordinary shares. Adding 178,400,002 performance rights and 900,000 unquoted options gives 2,391,800,558 fully diluted shares. The 66,378,183 ETMO options expired unexercised on 4 August 2026 and are excluded. The September interim report independently confirms the 2,212,500,556 ordinary shares at 30 June; the August Appendix 3H is the later securities snapshot.
Security classes4
| Class | Type | Quantity | Strike | Expiry |
|---|---|---|---|---|
| Quoted fully paid ordinary shares | Ordinary Share | 2.2B | — | — |
| Unquoted restricted fully paid employee ordinary shares | Ordinary Share | 12M | — | — |
| Unquoted performance rights | Performance Right | 178.4M | A$0 | — |
| Unquoted options exercisable at A$0.10; latest Appendix 3H reports expiry 29 November 2030 | Option | 900K | A$0.1 | 2030-11-29 |
Company guidance2
| Metric | Project | Period | Low | High | Status |
|---|---|---|---|---|---|
| Targeted PFS Delivery | penouta | by end of CY 2026 | — | — date | Current |
| Environmental, Rehabilitation And Social Studies | penouta | H1 2027 | — | — date | Current |
Capital history
Capital events
| Date | Event | Amount | Shares | Price | Status | Terms |
|---|---|---|---|---|---|---|
| 2026-02-06Ann. 2026-01-30 | Raising | A$24.6M | 189.6M | — | Completed | — |
| 2025-08-12Ann. 2025-08-07 | Raising | A$10M | 238.1M | — | Completed | — |
Contracts and ownership
Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.
Annual report baseline reconciled to June quarter and September interim; expired Shenghe MOU is excluded while disputed top-up remains recorded. No live commodity or FX hedge was disclosed.
Non-binding market-linked offtake MOU; no committed sale price or guaranteed financing. No discount or guaranteed volumes included in project calibration.
Offtake · Conditional- Counterparties
- Traxys Europe S.A.
- Applies to
- Penouta Tin-Tantalum-Niobium Mine · Tin · Others
- Economic direction
- Mixed
- Period
- 2026-05-12 to 2027-05-12
- Key terms
- possible offtake share: 100 percent
MOU term: 12 months
possible binding term: 6 years from first production
How it affects our valuation
No valuation treatment is available for this arrangement.
Non-recourse funding benefits ETM during arbitration but a successful cash or non-cash outcome carries an unquantified funder participation; Greenland court litigation may have separate costs.
Other · Active- Counterparties
- Woolridge Investments LLC · Burford Capital
- Applies to
- Kvanefjeld Rare Earths Project · Rare Earths
- Economic direction
- Mixed
- Period
- From 2022-06-30; no end date stated
- Key terms
- budgeted arbitration legal costs: funded
success-linked payment: —
How it affects our valuation
No valuation treatment is available for this arrangement.
Conditional 51% earn-in interest; the interim report fully impaired the exploration asset, so no explicit project value is assigned pending tenure and expenditure terms.
Earn In · Conditional- Counterparties
- Undisclosed project counterparties
- Applies to
- Villasrubias Lithium-Tantalum Project · Lithium · Others
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- potential ownership: 51 percent
How it affects our valuation
No valuation treatment is available for this arrangement.
ETM says the strategic relationship and associated top-up right have ceased, but the ASX determination and counterparty position were unresolved in reviewed disclosures; exclude unquantified incremental shares and penalize dilution risk.
Strategic Partnership · Unknown- Counterparties
- Le Shan Shenghe Rare Earth Company Limited · Shenghe Resources Holding Co. Ltd
- Applies to
- Company-wide · Rare Earths
- Economic direction
- Burden
- Period
- From 2016-09-20; no end date stated
- Key terms
- historical target holding: 6.5 percent
top-up trigger: 0.5 percent share capital increase
How it affects our valuation
No valuation treatment is available for this arrangement.
Completed asset acquisition with final consideration still being determined; the equity bridge deducts the maximum disclosed remaining cash consideration after the June advance.
Other · Active- Counterparties
- Strategic Minerals Spain insolvency administrator
- Applies to
- Penouta Tin-Tantalum-Niobium Mine · Tin · Others
- Economic direction
- Burden
- Period
- From 2026-07-20; no end date stated
- Key terms
- maximum consideration excluding VAT: 9,280,000 AUD
advance paid at 30 June: 1,847,664 AUD
How it affects our valuation
No valuation treatment is available for this arrangement.
Intrinsic value
Valuation
Valuation
Bear, base and bull values, investment cases, project valuations and the equity bridge are available to subscribers.
Sign in or enter a guest codeResource-price transmission
Sensitivity lab
Sensitivity lab
How our fair value responds to commodity prices and other drivers is available to subscribers.
Sign in or enter a guest codePeople, delivery and responsibility
Management background checks
Limited-scope management background review of Energy Transition Minerals Ltd. Issuer disclosures support the rostered offices; person-level chronology, attributed outcomes and targeted adverse-record research remain incomplete.
Decision-relevant facts
Material summary
Daniel Mamadou Blanco
Managing Director
LegalIssuer Reported · High materiality
Kvanefjeld litigation remains pending; reported costs paid
ETM’s 7 September 2026 interim report says Kvanefjeld proceedings remain at an early stage. A Greenlandic High Court procedural ruling of 1 September 2026 set which defendants remain and ordered DKK150,000 costs to excluded respondents; the company reports these costs were paid. A March 2026 award of €3,146,351 for respondent costs was also paid. The DKK25 million guarantee was conservatively still considered on foot at 30 June. These are company/subsidiary proceedings and costs, not findings of personal misconduct.
Role overlaps event; causation unproven · Senior role overlap only; no source reviewed attributes legal fault to this individual. Procedural rulings are not merits findings.
Half Yearly Report and Accounts · Interim Financial Report, Notes 6 and 9: provisions, legal proceedings and contingent liabilities
EnvironmentDocumented · High materiality
Penouta inherited a suspended/annulled permit; criminal environmental case later provisionally dismissed
The Penouta Section C permit held by prior operator Strategic Minerals was provisionally suspended in October 2023 and annulled by the Galician High Court on 7 June 2024 for inadequate environmental impact assessment. The criminal complaint concerning alleged contamination at the prior operator’s site was provisionally dismissed by the Provincial Court on 11 February 2026; the court found insufficient indications of a crime, while allowing reopening if new evidence emerges. ETM completed purchase only in July 2026 and its September half-year report says it was assessing restart, rehabilitation and regulatory pathways. These historic allegations/outcomes concern prior ownership; they are an inherited permitting and remediation risk, not a finding against ETM or Daniel Mamadou.
Role overlaps event; causation unproven · The environmental complaint and permit ruling concern the prior operator; ETM acquired the mine after these events. No personal responsibility is attributed to current ETM leadership.
Galician court annuls Penouta permit over environmental impact · Court ruling and stated environmental-assessment basis
Penouta environmental criminal case provisionally dismissed · 11 February 2026 order and case status
Half Yearly Report and Accounts · Interim report: acquisition completion, planned environmental/rehabilitation work and permitting status
Evidence gaps · 3
- Prior-employer chronology and qualifications are based mainly on issuer disclosures; independent employment and credential verification was not available in the reviewed public record.
- The documented name/employer searches are not an exhaustive court, ASIC, sanctions, safety or environmental registry check; no relevant adverse finding surfaced in the searches documented.
- Company-level outcomes are not attributed personally without a source connecting the executive to the action or result.
Sara Kelly
Executive Director
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 3
- Prior-employer chronology and qualifications are based mainly on issuer disclosures; independent employment and credential verification was not available in the reviewed public record.
- The documented name/employer searches are not an exhaustive court, ASIC, sanctions, safety or environmental registry check; no relevant adverse finding surfaced in the searches documented.
- Company-level outcomes are not attributed personally without a source connecting the executive to the action or result.
Ryan Sebbes
Company Secretary
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 3
- Prior-employer chronology and qualifications are based mainly on issuer disclosures; independent employment and credential verification was not available in the reviewed public record.
- The documented name/employer searches are not an exhaustive court, ASIC, sanctions, safety or environmental registry check; no relevant adverse finding surfaced in the searches documented.
- Company-level outcomes are not attributed personally without a source connecting the executive to the action or result.
Company ownership
Investors & shareholders
Top registered shareholders
Register at 2026-02-23 · 2,198,100,556 issued shares
| # | Investor / registered holder | % issued shares | Shares held |
|---|---|---|---|
| 1 | 13.74% | 302,098,158 | |
| 2 | 12.65% | 278,095,239 | |
| 3 | 8.88% | 195,104,494 | |
| 4 | 5.89% | 129,367,276 | |
| 5 | 5.66% | 124,356,566 | |
| 6 | 4.76% | 104,585,911 | |
| 7 | 3.38% | 74,365,351 | |
| 8 | 2.43% | 53,385,666 | |
| 9 | 2.18% | 48,000,000 | |
| 10 | 0.89% | 19,588,388 | |
| 11 | 0.87% | 19,230,770 | |
| 12 | 0.55% | 12,000,000 | |
| 13 | 0.45% | 10,000,000 | |
| 14 | 0.45% | 10,000,000 | |
| 15 | 0.40% | 8,847,575 | |
| 16 | 0.39% | 8,470,822 | |
| 17 | 0.36% | 8,000,000 | |
| 18 | 0.36% | 8,000,000 | |
| 19 | 0.30% | 6,591,339 | |
| 20 | 0.29% | 6,321,083 |
Disclosed substantial holders
Latest reviewed disclosure for each holder or reporting group
| Investor / reported group | Disclosed holding | Holding at |
|---|---|---|
| 14.01%Issued shares | 2026-02-23 | |
| 5.95%Issued shares | 2026-02-23 |
Sources & review notesEvidence checked through 2026-10-09
Coverage and limitations
- The register is dated 23 February 2026; later share quotations/allotments through October are not reflected in the top-20 list. No newer ranked register was located.
Sources
- Annual Report to shareholders 2026
ASX announcement / Energy Transition Minerals Ltd · Published 2026-02-26 · Accessed 2026-10-09
Annual report states 2,198,100,556 shares as at 23 February 2026 and lists top 20 ordinary holders and substantial-holder notices.
page 74, ASX Additional Information, local copy downloads/ETM/2026/2026-02-26_Annual Report to shareholders.pdf
Disclosed activity
Insider transactions
Trading activity1 buy · 0 sells shownNet cash last 12 months no tradesShow chartHide chart
On-market buyPlacement / plan subscriptionSaleMarker size = cash valueGrant, exercise, expiry or transferBars: cash bought (up) and sold (down) per month
| Date | Person / account | Activity / security | Quantity | Cash consideration | Price | Holding after |
|---|---|---|---|---|---|---|
| 2026-04-30 | Simon KidstonKFT Capital Pty Ltd ATF Gundimaine Trust
Details & evidence for Simon Kidston on 2026-04-30As disclosed: 3,666,668 Class AH Performance Rights issued under Employee Securities Incentive Plan; no consideration applicable.
director · Start not disclosed KFT Capital Pty Ltd ATF Gundimaine Trust · beneficial interest through KFT Capital Pty Ltd ATF Gundimaine Trust Change of Director's Interest Notice x 6 ↗ | GrantClass AH performance rights (expiry 2031-04-30) | 3,666,668 | —Not Disclosed | — | 3,666,668 |
| 2026-04-30 | Simon KidstonKFT Capital Pty Ltd ATF Gundimaine Trust
Details & evidence for Simon Kidston on 2026-04-30As disclosed: 3,666,666 Class AG Performance Rights issued under Employee Securities Incentive Plan; no consideration applicable.
director · Start not disclosed KFT Capital Pty Ltd ATF Gundimaine Trust · beneficial interest through KFT Capital Pty Ltd ATF Gundimaine Trust Change of Director's Interest Notice x 6 ↗ | GrantClass AG performance rights (expiry 2031-04-30) | 3,666,666 | —Not Disclosed | — | 3,666,666 |
| 2026-04-30 | Simon KidstonKFT Capital Pty Ltd ATF Gundimaine Trust
Details & evidence for Simon Kidston on 2026-04-30As disclosed: 3,666,666 Class AF Performance Rights issued under Employee Securities Incentive Plan; no consideration applicable.
director · Start not disclosed KFT Capital Pty Ltd ATF Gundimaine Trust · beneficial interest through KFT Capital Pty Ltd ATF Gundimaine Trust Change of Director's Interest Notice x 6 ↗ | GrantClass AF performance rights (expiry 2031-04-30) | 3,666,666 | —Not Disclosed | — | 3,666,666 |
| 2026-04-30 | Sara Clare KellyTYF Holdings Pty Ltd <TYF Investment A/C>
Details & evidence for Sara Clare Kelly on 2026-04-30As disclosed: 8,000,000 Class AH Performance Rights issued under Employee Securities Incentive Plan; no consideration applicable.
director · Start not disclosed TYF Holdings Pty Ltd <TYF Investment A/C> · sole director of trustee and beneficiary Change of Director's Interest Notice x 6 ↗ | GrantClass AH performance rights (expiry 2031-04-30) | 8,000,000 | —Not Disclosed | — | 8,000,000 |
| 2026-04-30 | Sara Clare KellyTYF Holdings Pty Ltd <TYF Investment A/C>
Details & evidence for Sara Clare Kelly on 2026-04-30As disclosed: 8,000,000 Class AG Performance Rights issued under Employee Securities Incentive Plan; no consideration applicable.
director · Start not disclosed TYF Holdings Pty Ltd <TYF Investment A/C> · sole director of trustee and beneficiary Change of Director's Interest Notice x 6 ↗ | GrantClass AG performance rights (expiry 2031-04-30) | 8,000,000 | —Not Disclosed | — | 8,000,000 |
| 2026-04-30 | Sara Clare KellyTYF Holdings Pty Ltd <TYF Investment A/C>
Details & evidence for Sara Clare Kelly on 2026-04-30As disclosed: 8,000,000 Class AF Performance Rights issued under Employee Securities Incentive Plan; no consideration applicable.
director · Start not disclosed TYF Holdings Pty Ltd <TYF Investment A/C> · sole director of trustee and beneficiary Change of Director's Interest Notice x 6 ↗ | GrantClass AF performance rights (expiry 2031-04-30) | 8,000,000 | —Not Disclosed | — | 8,000,000 |
| 2026-04-30 | Mark Saxon
Details & evidence for Mark Saxon on 2026-04-30As disclosed: 2,000,000 Class AH Performance Rights issued under Employee Securities Incentive Plan; no consideration applicable.
director · Start not disclosed Mr Mark Stephen Saxon & Mrs Paula Saxon <Ridley Super Fund A/C> · trustee and beneficiary Change of Director's Interest Notice x 6 ↗ | GrantClass AH performance rights (expiry 2031-04-30) | 2,000,000 | —Not Disclosed | — | 2,000,000 |
| 2026-04-30 | Mark Saxon
Details & evidence for Mark Saxon on 2026-04-30As disclosed: 2,000,000 Class AG Performance Rights issued under Employee Securities Incentive Plan; no consideration applicable.
director · Start not disclosed Mr Mark Stephen Saxon & Mrs Paula Saxon <Ridley Super Fund A/C> · trustee and beneficiary Change of Director's Interest Notice x 6 ↗ | GrantClass AG performance rights (expiry 2031-04-30) | 2,000,000 | —Not Disclosed | — | 2,000,000 |
| 2026-04-30 | Mark Saxon
Details & evidence for Mark Saxon on 2026-04-30As disclosed: 2,000,000 Class AF Performance Rights issued under Employee Securities Incentive Plan; no consideration applicable.
director · Start not disclosed Mr Mark Stephen Saxon & Mrs Paula Saxon <Ridley Super Fund A/C> · trustee and beneficiary Change of Director's Interest Notice x 6 ↗ | GrantClass AF performance rights (expiry 2031-04-30) | 2,000,000 | —Not Disclosed | — | 2,000,000 |
| 2026-04-30 | Daniel Mamadou Blanco
Details & evidence for Daniel Mamadou Blanco on 2026-04-30As disclosed: 11,000,000 Class AH Performance Rights issued under Employee Securities Incentive Plan; no consideration applicable.
director · Start not disclosed BNP Paribas Securities Services Australia as custodian for DBS Ltd Private Banking Clients · beneficial interest in nominee custody account Change of Director's Interest Notice x 6 ↗ | GrantClass AH performance rights (expiry 2031-04-30) | 11,000,000 | —Not Disclosed | — | 11,000,000 |
| 2026-04-30 | Daniel Mamadou Blanco
Details & evidence for Daniel Mamadou Blanco on 2026-04-30As disclosed: 11,000,000 Class AG Performance Rights issued under Employee Securities Incentive Plan; no consideration applicable.
director · Start not disclosed BNP Paribas Securities Services Australia as custodian for DBS Ltd Private Banking Clients · beneficial interest in nominee custody account Change of Director's Interest Notice x 6 ↗ | GrantClass AG performance rights (expiry 2031-04-30) | 11,000,000 | —Not Disclosed | — | 11,000,000 |
| 2026-04-30 | Daniel Mamadou Blanco
Details & evidence for Daniel Mamadou Blanco on 2026-04-30As disclosed: 11,000,000 Class AF Performance Rights issued under Employee Securities Incentive Plan; no consideration applicable.
director · Start not disclosed BNP Paribas Securities Services Australia as custodian for DBS Ltd Private Banking Clients · beneficial interest in nominee custody account Change of Director's Interest Notice x 6 ↗ | GrantClass AF performance rights (expiry 2031-04-30) | 11,000,000 | —Not Disclosed | — | 11,000,000 |
| 2026-04-30 | Aristeidis Stamoulis
Details & evidence for Aristeidis Stamoulis on 2026-04-30As disclosed: 2,000,000 Class AH Performance Rights issued under Employee Securities Incentive Plan; no consideration applicable.
director · Start not disclosed Change of Director's Interest Notice x 6 ↗ | GrantClass AH performance rights (expiry 2031-04-30) | 2,000,000 | —Not Disclosed | — | 2,000,000 |
| 2026-04-30 | Aristeidis Stamoulis
Details & evidence for Aristeidis Stamoulis on 2026-04-30As disclosed: 2,000,000 Class AG Performance Rights issued under Employee Securities Incentive Plan; no consideration applicable.
director · Start not disclosed Change of Director's Interest Notice x 6 ↗ | GrantClass AG performance rights (expiry 2031-04-30) | 2,000,000 | —Not Disclosed | — | 2,000,000 |
| 2026-04-30 | Aristeidis Stamoulis
Details & evidence for Aristeidis Stamoulis on 2026-04-30As disclosed: 2,000,000 Class AF Performance Rights issued under Employee Securities Incentive Plan; no consideration applicable.
director · Start not disclosed Change of Director's Interest Notice x 6 ↗ | GrantClass AF performance rights (expiry 2031-04-30) | 2,000,000 | —Not Disclosed | — | 2,000,000 |
| 2026-04-30 | Amy Jiang
Details & evidence for Amy Jiang on 2026-04-30As disclosed: 2,000,000 Class AH Performance Rights issued under Employee Securities Incentive Plan; no consideration applicable.
director · Start not disclosed Change of Director's Interest Notice x 6 ↗ | GrantClass AH performance rights (expiry 2031-04-30) | 2,000,000 | —Not Disclosed | — | 2,000,000 |
| 2026-04-30 | Amy Jiang
Details & evidence for Amy Jiang on 2026-04-30As disclosed: 2,000,000 Class AG Performance Rights issued under Employee Securities Incentive Plan; no consideration applicable.
director · Start not disclosed Change of Director's Interest Notice x 6 ↗ | GrantClass AG performance rights (expiry 2031-04-30) | 2,000,000 | —Not Disclosed | — | 2,000,000 |
| 2026-04-30 | Amy Jiang
Details & evidence for Amy Jiang on 2026-04-30As disclosed: 2,000,000 Class AF Performance Rights issued under Employee Securities Incentive Plan; no consideration applicable.
director · Start not disclosed Change of Director's Interest Notice x 6 ↗ | GrantClass AF performance rights (expiry 2031-04-30) | 2,000,000 | —Not Disclosed | — | 2,000,000 |
| 2026-04-22 | Gan Lu
Details & evidence for Gan Lu on 2026-04-22Rights lapsed on resignation; no consideration disclosed. As disclosed: Class P Performance Rights lapsed on resignation.
director · Start not disclosed Final Director's Interest Notice ↗ | CancellationClass P performance rights | 666,667 | —Not Disclosed | — | 0 |
| 2026-04-22 | Gan Lu
Details & evidence for Gan Lu on 2026-04-22Rights lapsed on resignation; no consideration disclosed. As disclosed: Class O Performance Rights lapsed on resignation.
director · Start not disclosed Final Director's Interest Notice ↗ | CancellationClass O performance rights | 666,667 | —Not Disclosed | — | 0 |
| 2026-01-14 | Daniel Mamadou BlancoDaniel Mamadou Blanco individual account
Details & evidence for Daniel Mamadou Blanco on 2026-01-14Transfer to BNP Paribas Securities Services Australia as custodian for DBS Ltd Private Banking Clients; same beneficial owner, no cash consideration or market trade. As disclosed: Off-market transfer of shares from individual account to a nominee account.
director · Start not disclosed BNP Paribas Securities Services Australia as custodian for DBS Ltd Private Banking Clients · beneficial interest in nominee custody account Change of Director's Interest Notice ↗ | Transfer OutFully paid ordinary shares | 7,333,333 | —Non Cash | — | 0 |
| 2025-09-01 | Mark SaxonMr Mark Stephen Saxon & Mrs Paula Saxon <Ridley Super Fund A/C>
Details & evidence for Mark Saxon on 2025-09-01Average price calculated from disclosed aggregate cash and quantity. As disclosed: Participation in Share Purchase Plan; 351,273 shares acquired for A$14,747.
director · Start not disclosed Mr Mark Stephen Saxon & Mrs Paula Saxon <Ridley Super Fund A/C> · trustee and beneficiary Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | SubscriptionFully paid ordinary shares | 351,273 | AUD 14,747.00 | AUD 0.041982Calculated average | 851,273 |
| 2025-08-11 | Xiaolei Guo
Details & evidence for Xiaolei Guo on 2025-08-11As disclosed: Class R performance rights lapsed on resignation.
director · Start not disclosed Final Director's Interest Notice ↗ | CancellationClass R performance rights | 666,667 | —Not Disclosed | — | 0 |
| 2025-08-11 | Xiaolei Guo
Details & evidence for Xiaolei Guo on 2025-08-11As disclosed: Class Q performance rights lapsed on resignation.
director · Start not disclosed Final Director's Interest Notice ↗ | CancellationClass Q performance rights | 666,667 | —Not Disclosed | — | 0 |
| 2025-08-11 | Xiaolei Guo
Details & evidence for Xiaolei Guo on 2025-08-11As disclosed: Class P performance rights lapsed on resignation.
director · Start not disclosed Final Director's Interest Notice ↗ | CancellationClass P performance rights | 666,667 | —Not Disclosed | — | 0 |
| 2025-08-11 | Xiaolei Guo
Details & evidence for Xiaolei Guo on 2025-08-11As disclosed: Class O performance rights lapsed on resignation.
director · Start not disclosed Final Director's Interest Notice ↗ | CancellationClass O performance rights | 666,667 | —Not Disclosed | — | 0 |
| 2025-06-24 | Xiaolei Guo
Details & evidence for Xiaolei Guo on 2025-06-24As disclosed: Class D performance rights expired on 24 June 2025.
director · Start not disclosed Final Director's Interest Notice ↗ | ExpiryClass D performance rights | 4,500,000 | —Not Disclosed | — | 0 |
Disclosed holding observations8 dated positions
Initial, final and threshold notices describe positions; these are not counted as purchases or sales.
| Holding at | Person / group | Type / security | Quantity | Percentage |
|---|---|---|---|---|
| 2026-04-22 | Gan Lu
Details & evidence for Gan Lu on 2026-04-22No other securities are stated as held at resignation; lapsed rights recorded separately.
director · Start not disclosed Final Director's Interest Notice ↗ | FinalFully paid ordinary shares | 1,333,334 | — |
| 2025-08-12 | Amy Jiang
Details & evidence for Amy Jiang on 2025-08-12
director · Start not disclosed Initial Director's Interest Notice ↗ | InitialPerformance rights (classes not individually specified; expiry 2030-03-25) | 2,666,668 | — |
| 2025-08-11 | Xiaolei Guo
Details & evidence for Xiaolei Guo on 2025-08-11
director · Start not disclosed Final Director's Interest Notice ↗ | FinalFully paid ordinary shares | 1,500,000 | — |
| 2023-08-14 | Sara Clare Kelly
Details & evidence for Sara Clare Kelly on 2023-08-14
director · Start not disclosed TYF Holdings Pty Ltd <TYF Investment A/C> · sole director of trustee and beneficiary Initial Director's Interest Notice ↗ | InitialClass B performance rights | 4,666,666 | — |
| 2023-08-14 | Sara Clare Kelly
Details & evidence for Sara Clare Kelly on 2023-08-14
director · Start not disclosed TYF Holdings Pty Ltd <TYF Investment A/C> · sole director of trustee and beneficiary Initial Director's Interest Notice ↗ | InitialClass C performance rights | 4,666,667 | — |
| 2023-08-14 | Sara Clare Kelly
Details & evidence for Sara Clare Kelly on 2023-08-14
director · Start not disclosed TYF Holdings Pty Ltd <TYF Investment A/C> · sole director of trustee and beneficiary Initial Director's Interest Notice ↗ | InitialClass D performance rights | 4,666,667 | — |
| 2023-08-14 | Edward Mason
Details & evidence for Edward Mason on 2023-08-14The final notice gives aggregate performance-right quantity without class breakdown.
director · Start not disclosed Final Director's Interest Notice ↗ | FinalPerformance rights (classes not disclosed) | 11,666,667 | — |
| 2023-08-14 | Edward Mason
Details & evidence for Edward Mason on 2023-08-14
director · Start not disclosed Final Director's Interest Notice ↗ | FinalFully paid ordinary shares | 2,333,333 | — |
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Sign in or enter a guest codeChronological evidenceSource-document inventory25 documents
ASX ETM ordinary share closing priceMarket Data · HighExtracted
Latest eligible local database close: A$0.060 on 25 September 2026, volume 1,116,152, market data provider via miners.collect_stock_prices.
- Document ID
- market-price-etm-20260925
- Published UTC
- 2026-09-25T06:00:00Z
- Projects
- —
- Commodities
- —
Cessation of Chief Financial OfficerLeadership · HighExtracted
Stuart Ausmeier ceases as CFO effective 25 September; responsibilities move into existing management and no replacement CFO is planned.
- Document ID
- cfo-cessation-20260924
- Published UTC
- 2026-09-23T22:54:00Z
- Projects
- —
- Commodities
- —
Interim financial report for 30 June 2026Results · HighExtracted
Reviewed interim accounts report A$41.673m June cash, A$15.720m half-year loss, A$15.839m operating cash outflow, 2,212,500,556 ordinary shares, Penouta advance and maximum consideration, and full impairment of non-core exploration assets.
- Document ID
- interim-report-20260630
- Published UTC
- 2026-09-07T09:02:00Z
- Projects
- penouta · kvanefjeld · villasrubias · solo · good-setting
- Commodities
- tin · others · rare_earths · lithium
S&P/ASX September 2026 rebalanceOther · HighExtracted
S&P Dow Jones Indices removed ETM from the All Ordinaries effective before trading on 21 September 2026.
- Document ID
- index-rebalance-20260904
- Published UTC
- 2026-09-04T07:10:00Z
- Projects
- —
- Commodities
- —
Kvanefjeld legal updateOther · HighExtracted
Greenland court retained executive-branch defendants; response due 27 October; hearing duration submission 10 November; substantive hearing could be autumn 2027 or H1 2028; DKK150,000 costs against GM.
- Document ID
- legal-update-20260902
- Published UTC
- 2026-09-01T23:36:00Z
- Projects
- kvanefjeld
- Commodities
- rare_earths
Notification of cessation of securities - ETMCorporate Action · HighExtracted
Appendix 3H recorded expiry of 66.378 million quoted options and the latest issued-capital snapshot.
- Document ID
- options-cessation-capital-20260806
- Published UTC
- 2026-08-06T03:43:47Z
- Projects
- —
- Commodities
- —
Quarterly Activities/Appendix 5B Cash Flow ReportResults · HighExtracted
June-quarter report confirmed Penouta transfer and plan, Kvanefjeld licence refusal, and A$41.672 million cash.
- Document ID
- quarterly-20260630
- Published UTC
- 2026-07-30T03:40:50Z
- Projects
- penouta · kvanefjeld · villasrubias · solo · good-setting · swordfish · cibeles
- Commodities
- tin · others · rare_earths · lithium
Investor PresentationPresentation · HighExtracted
Investor presentation set out capital structure, Penouta resource/restart status and Kvanefjeld legal optionality.
- Document ID
- investor-presentation-20260722
- Published UTC
- 2026-07-21T22:23:12Z
- Projects
- penouta · kvanefjeld
- Commodities
- tin · others · rare_earths
ETM Completes Acquisition of PenoutaTransaction · HighExtracted
ETM completed the 100%-owned Penouta acquisition and began progressing a new Section C exploitation concession.
- Document ID
- penouta-acquisition-complete-20260721
- Published UTC
- 2026-07-20T22:37:38Z
- Projects
- penouta
- Commodities
- tin · others
IEA Global Critical Minerals Outlook 2026Other · MediumExtracted
IEA date-only publication normalized to midnight UTC. IEA notes strong strategic-mineral demand but rising refining concentration and downstream capacity bottlenecks; tin prices rose in early 2026. These trends may support scarcity premia yet do not certify Penouta's realized price or market share.
- Document ID
- iea-critical-minerals-20260716
- Published UTC
- 2026-07-16T00:00:00Z
- Projects
- —
- Commodities
- tin · others · rare_earths
Notification of cessation of securities - ETMCorporate Action · MediumExtracted
Appendix 3H recorded lapse of 9.0 million performance rights and the resulting capital structure.
- Document ID
- performance-rights-cessation-20260713
- Published UTC
- 2026-07-12T22:23:06Z
- Projects
- —
- Commodities
- —
Notification regarding unquoted securities (updated) - ETMCorporate Action · HighExtracted
Corrected Appendix 3G separated restricted employee ordinary shares from quoted ordinary shares.
- Document ID
- capital-structure-update-20260625
- Published UTC
- 2026-06-24T23:15:57Z
- Projects
- —
- Commodities
- —
Notification regarding unquoted securities - ETMCorporate Action · MediumExtracted
Appendix 3G recorded 0.9 million unquoted A$0.10 options expiring 30 November 2029.
- Document ID
- unquoted-options-20260619
- Published UTC
- 2026-06-19T08:56:11Z
- Projects
- —
- Commodities
- —
Application for quotation of securities - ETMCorporate Action · MediumExtracted
Appendix 2A applied to quote 0.9 million ordinary shares issued for corporate services.
- Document ID
- quotation-application-20260619
- Published UTC
- 2026-06-19T08:31:01Z
- Projects
- —
- Commodities
- —
Penouta Mineral Resource UpdateResource Update · HighExtracted
Independent JORC 2012 Penouta MRE totals 108.0 Mt with tin, tantalum and niobium grades and economic pit-shell assumptions.
- Document ID
- penouta-mre-20260504
- Published UTC
- 2026-05-03T22:25:12Z
- Projects
- penouta
- Commodities
- tin · others
Notification regarding unquoted securities - ETMCorporate Action · MediumExtracted
Appendix 3G recorded issuance of 125.1 million performance rights.
- Document ID
- performance-rights-issue-20260501
- Published UTC
- 2026-05-01T08:53:18Z
- Projects
- —
- Commodities
- —
Quarterly Activities/Appendix 5B Cash Flow ReportResults · HighExtracted
March-quarter activities and Appendix 5B reported FDI approval, funding and liquidity.
- Document ID
- quarterly-20260331
- Published UTC
- 2026-04-29T04:38:34Z
- Projects
- penouta · kvanefjeld
- Commodities
- tin · others · rare_earths
Annual Report to shareholdersResults · HighExtracted
Audited 2025 annual report covering financial position, projects, tenure and legal provisions.
- Document ID
- annual-report-20251231
- Published UTC
- 2026-02-25T22:38:48Z
- Projects
- penouta · kvanefjeld · villasrubias · solo · good-setting · swordfish
- Commodities
- tin · others · rare_earths · lithium
Quarterly Activities/Appendix 5B Cash Flow ReportResults · MediumExtracted
December-quarter activities and Appendix 5B updated Kvanefjeld proceedings and Penouta completion work.
- Document ID
- quarterly-20251231
- Published UTC
- 2026-01-26T22:28:33Z
- Projects
- penouta · kvanefjeld
- Commodities
- tin · others · rare_earths
Quarterly Activities/Appendix 5B Cash Flow ReportResults · MediumExtracted
September-quarter activities and Appendix 5B reported acquisition progress, financing and cash.
- Document ID
- quarterly-20250930
- Published UTC
- 2025-10-30T22:52:27Z
- Projects
- penouta · kvanefjeld
- Commodities
- tin · others · rare_earths
Judicial Approval for Penouta AcquisitionTransaction · HighExtracted
The Spanish insolvency court approved ETM as successful Penouta buyer for up to €5.2 million.
- Document ID
- penouta-judicial-approval-20251021
- Published UTC
- 2025-10-20T22:54:21Z
- Projects
- penouta
- Commodities
- tin · others
Half Year Report and Accounts - 30 June 2025Results · MediumExtracted
Half-year financial statements and project review for the six months ended 30 June 2025.
- Document ID
- half-year-report-20250630
- Published UTC
- 2025-09-12T04:16:39Z
- Projects
- —
- Commodities
- —
ETM Secures Penouta Mine and $10m Strategic PlacementFinancing · HighExtracted
ETM announced the winning Penouta bid, a A$10 million strategic placement and an SPP.
- Document ID
- penouta-winning-bid-placement-20250807
- Published UTC
- 2025-08-06T23:30:25Z
- Projects
- penouta
- Commodities
- tin · others
Recommended Preferred Bidder for the Acquisition of PenoutaTransaction · HighExtracted
The administrator recommended ETM Spain as preferred bidder; completion remained conditional.
- Document ID
- penouta-preferred-bidder-20250718
- Published UTC
- 2025-07-17T22:21:44Z
- Projects
- penouta
- Commodities
- tin · others
Qualified Bidder Status for the Acquisition of Penouta SpainTransaction · HighExtracted
ETM disclosed a conditional €3.6 million offer for Penouta and a refundable €0.5 million deposit.
- Document ID
- penouta-qualified-bidder-20250714
- Published UTC
- 2025-07-13T22:24:41Z
- Projects
- penouta
- Commodities
- tin · others
Evidence facts81
66378183 options
2026-08-042200500556 shares
2026-08-0612000000 shares
2026-08-06178400002 rights
2026-08-06900000 options
2026-08-062030-11-29 None
2026-08-0641672000 AUD
2026-06-3013.25 quarters
2026-06-30extension refused None
2026-06-28by end of CY 2026 None
2026-07-30H1 2027 None
2026-07-300.044 AUD/share
2026-07-208600000 AUD
2026-07-2247300000 AUD
2026-07-22100 %
2026-07-21completed None
2026-07-219000000 rights
2026-06-04178400002 rights
2026-07-102200500556 shares
2026-06-2412000000 shares
2026-06-24187400002 rights
2026-06-24900000 options
2026-06-182029-11-30 None
2026-06-180.1 AUD/share
2026-06-18900000 shares
2026-06-195900000 tonnes
2026-05-0168000000 tonnes
2026-05-0134100000 tonnes
2026-05-01437 ppm Sn
2026-05-0180 ppm Ta2O5
2026-05-0191 ppm Nb2O5
2026-05-0140000 USD/tonne Sn
2026-05-01100 USD/lb Ta2O5
2026-05-0175 %
2026-05-0165 %
2026-05-011500000 tonnes/year
2026-05-019.25 USD/tonne ore
2026-05-01125100000 rights
2026-04-3049814000 AUD
2026-03-3111.22 quarters
2026-03-31189615384 shares
2026-02-060.13 AUD/share
2026-02-0631820000 AUD
2025-12-315912000 AUD
2025-12-31exceeding one billion tonnes None
2025-12-312030-04-19 None
2025-12-3151 %
2025-12-3131893000 AUD
2025-12-3133902000 AUD
2025-09-304.65 quarters
2025-09-305200000 EUR
2025-10-17in good standing None
2025-10-219200000 AUD
2025-08-0710000000 AUD
2025-08-0728000000 EUR
2025-08-072000000 tonnes/year
2025-08-073600000 EUR
2025-07-18100000 EUR/month
2025-07-183600000 EUR
2025-07-14500000 EUR
2025-07-14True None
2026-09-012026-10-27 None
2026-09-022026-11-10 None
2026-09-02autumn 2027 or H1 2028 None
2026-09-02150000 DKK
2026-09-01True None
2026-09-2141672696 AUD
2026-06-3015720058 AUD
2026-06-3015839000 AUD
2026-06-302212500556 shares
2026-06-301847664 AUD
2026-06-309280000 AUD
2026-07-20True None
2026-06-30True None
2026-06-302026-09-25 None
2026-09-24True None
2026-09-240.06 AUD/share
2026-09-251116152 shares
2026-09-25roughly one-third None
2026-04-3072 percent
2025-12-31True None
2025-12-31Conflicts requiring judgment1
- capital_structure.securities.etmaa.expiry_date
Use the latest Appendix 3H capital table date of 29 November 2030; retain the earlier 30 November 2029 disclosure as a noted conflict.