Companies / RMI

RESOURCE MINERALS INTERNATIONAL LTD

ASX:RMIMaterials
939.6M shares on issueASX (delayed) · snapshot 11 Sept 2026955.4M fully diluted+1.7% if every option and right converts$0.16price · delayed$150.3Mmarket cap · indicative

Today’s holders own 98.3% of what they think they own, once every option and right converts.

High
Dilution risk

Runway under 2 quarters; share count grew 44% in 24 months; 5 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway1.8 quarters of funding
Share-count growth (24m)44.0%
Raise cadence (24m)5 cash raises
Options & rights overhang1.7% of shares
In-the-money supply1.7% of shares
Pending proposed issuesnone

RESOURCE MINERALS INTERNATIONAL LTD's ordinary share count grew 44.0% between May 2024 and July 2026, reaching 940M shares. In the past 24 months, the company completed five capital raises totalling A$8.3M, with the most recent being a A$3.5M placement in April 2026. Options and rights on issue could convert into 16M new shares, representing 1.7% of the current share count, of which 2% are in-the-money, and the nearest expiry is July 2027. As of June 2026, the company held A$1.5M in available cash, sufficient for approximately 1.8 quarters at its recent operational pace. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 7 Sept 2026
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1.7%
Options & rights overhang
1.7%
In-the-money supply
2
Raises · last 12 months
1.8 qtrs
Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 939.6M per ASX (delayed) (snapshot 11 Sept 2026).
700M800M900MDec 24Oct 25Sept 26Cash raise · 30 Apr 2026Cash raise · 18 Dec 2025Cash raise · 31 July 2025Cash raise · 30 July 2025Cash raise · 19 May 2025939.6M

Cash runway

1.8 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
Funds operations to about Nov 2026 at the reported spend rate.
$1.4M 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: $2.1M cash at quarter end (item 4.6), 8.8 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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10 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 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
24 July 20262A · quoted issueRMI : ORDINARY FULLY PAID939.6MAppendix 2A
12 May 20262A · quoted issueRMI : ORDINARY FULLY PAID929.6MAppendix 2A
31 Dec 20253H · cancellationRMI : ORDINARY FULLY PAID852.1MAppendix 3H
23 Dec 20252A · quoted issueRMI : ORDINARY FULLY PAID852.1MAppendix 2A
11 Dec 20252A · quoted issueRMI : ORDINARY FULLY PAID809.8MAppendix 2A
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18 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

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

every 2.8 monthsaverage gap between raises
4.4 monthssince the most recent
19 May 202530 Apr 2026first to most recent in this window
$3.5M
Placement
30 Apr 2026 COMPLETE
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6 raises 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.

10.8M of option supply could convert within 12 months1.2% of shares on issue
10.8M in the money, expiring in the window
Out-of-the-money options are excluded — at today’s price they expire rather than convert. So is condition-triggered supply, which has no expiry and no price, and convertibles that convert on their own terms rather than on a date.
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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.

About 35% of the 15% placement capacity left — about 65% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-09-12). The company has also placed under the additional 10% (Listing Rule 7.1A), which is not counted in this figure. Holder-approved issues and any later ratification are not deducted, so the true headroom can be higher.
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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

1.7%
Options & rights overhang · of current shares
1.7%
In-the-money supply · at current price
15.8M
Potential new shares
July 2027
Nearest expiry
What a price move would switch on
7.9M15.8M$0.16 now0.25× today ($0.04) — 15.8M of the priced supply in the money, 1.7% of shares on issue0.5× today ($0.08) — 15.8M of the priced supply in the money, 1.7% of shares on issue0.75× today ($0.12) — 15.8M of the priced supply in the money, 1.7% of shares on issue1× today ($0.16) — 15.8M of the priced supply in the money, 1.7% of shares on issue1.25× today ($0.20) — 15.8M of the priced supply in the money, 1.7% of shares on issue1.5× today ($0.24) — 15.8M of the priced supply in the money, 1.7% of shares on issue2× today ($0.32) — 15.8M of the priced supply in the money, 1.7% of shares on issue3× today ($0.48) — 15.8M of the priced supply in the money, 1.7% of shares on issue5× today ($0.80) — 15.8M of the priced supply in the money, 1.7% of shares on issue10× today ($1.60) — 15.8M of the priced supply in the money, 1.7% of shares on issue0.25×0.5×0.75×now1.25×1.5×10×

At $0.16 today, 15.8M securities are in the money (1.7% of shares on issue). No price up to ten times today’s switches on any more priced supply.

  • 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.
CodeSecurityTypeExercise priceExpiryOn issueSource
RMIAJOptionsPrice-triggered$0.03031 July 202710.8MFiling
RMIAHOptionsPrice-triggered$0.02222 Oct 20275.0MFiling

“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.

1 class ceased in the last 12 months and is not counted above
The company’s own Appendix 2A restates each of these at zero. They are excluded from the overhang, the in-the-money supply and every figure on this page. Each count is the filing’s own count of securities in the class, not a share count — a 2A never states what one security converts into.
  • RMIAIConverts on terms500k securities → 031 Dec 2025 Appendix 2A
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2 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
24 July 2026Asimwe KabungaOther placement7.5M$300k3Y notice
24 July 2026Trevor MatthewsOther placement2.5M$100k3Y notice
7 Aug 2025Asimwe KabungaOther placement23.8M3Y notice
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6 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.