RESOURO STRATEGIC METALS INC.
ASX:RAUMaterialsToday’s holders own 84.9% of what they think they own, once every option and right converts.
Options/rights overhang 18% of shares; proposed issue pending; 3% of shares in the money
RESOURO STRATEGIC METALS INC. has not lodged any share-issuance (Appendix 2A) filings since January 2024, so no share-count change figure is available. The company has not raised capital through any cash placement, rights issue or share purchase plan in the past 24 months. Options and rights on issue could convert into 21M new shares, equal to 17.7% of the current share count, of which 3% are in the money; the nearest expiry falls in June 2027. No quarterly cash report runway figure is on record. One proposed securities issue (Appendix 3B) is pending, with an expected issue date in October 2026.
Quick answers · 3
Is RAU raising capital?
Resouro Strategic Metals has 1 proposed issue of securities pending under Appendix 3B as at 28 Oct 2026.
How much placement capacity does RAU have left?
About 39% of the 15% placement capacity left, about 61% used in 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.
When do RAU's options expire?
Unexercised options and rights equal 17.7% of Resouro Strategic Metals's shares on issue; the nearest expiry is June 2027.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 19 Oct 2026 | 3G · unquoted | RAU : CHESS DEPOSITARY INTERESTS 1:1 | 38.5M | Appendix 3G |
| 3 Sept 2026 | 3G · unquoted | CHESS DEPOSITARY INTERESTS 1:1 | 38.1M | Appendix 3G |
| 5 Aug 2026 | 3G · unquoted | RAU : CHESS DEPOSITARY INTERESTS 1:1 | 37.2M | Appendix 3G |
| 13 July 2026 | 3H · cancellation | RAU : CHESS DEPOSITARY INTERESTS | 37.2M | Appendix 3H |
| 26 May 2026 | 3G · unquoted | RAU : CHESS DEPOSITARY INTERESTS 1:1 | 37.3M | Appendix 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 (38.5M) need not equal the current count above (118.2M).
Securities on issue over time
Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.
Capital raises
Results due
What the company's own reports say is coming, and when. A month is one the report names; “by end of year” is a deadline such as “Q4”. See every explorer on the results calendar.
- by end 2026 · infill drilling in open-pit areas (to start)
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.
Placement capacity
How much stock a company can place without asking holders. Listing Rule 7.1 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
- Price-triggered20.2M · 17.1% of sharesOptions and warrants — they convert when the share price clears their exercise price.
- Condition-triggered750k · 0.6% of sharesPerformance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
Exercise price on record: 20.2M priced (of which 3.6M in the money), 750k 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.
At $0.18 today, 3.6M securities are in the money (3.1% of shares on issue). No more priced supply until 1.25× today’s price, which takes it to 7.6M (6.5% of shares).
- Priced supply in the money at the price on the axis — the curve, and the only thing on it. Ten prices, sampled: between two of them the true figure lies between the two.
- 750k (3.6% of the supply above) states no exercise price at all. It cannot be called in or out of the money at any price, which is why it is hatched rather than plotted.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| RAUAB | Options | Price-triggered | $0.68 | 5 June 2027 | 1.8M | Filing |
| RAUAG | Options | Price-triggered | $0.17 | 13 June 2028 | 3.6M | Filing |
| RAUAH | Options | Price-triggered | $0.50 | 11 Oct 2028 | 2.3M | Filing |
| RAUAO | Warrants | Price-triggered | $0.30 | 21 Oct 2028 | 7.5M | Filing |
| RAUAD | Options | Price-triggered | $0.20 | 11 Mar 2029 | 4.0M | Filing |
| RAUAP | Options | Price-triggered | $0.50 | 19 Mar 2031 | 1.0M | Filing |
| RAUAE | Performance rights | Condition-triggered | — | — | 750k | Filing |
“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. For what expires soon across other listed companies, see the options expiry calendar.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 15 June 2026 | Chris Eager | Other | 18.2M | 5.8M | 100k | — | 3Y notice |
| 14 June 2026 | Anne Landry | Other | 330k | 555k | — | — | 3Y notice |
| 19 Mar 2026 | Simon Stilwell | Other | 750k | 1.0M | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.