RED MOUNTAIN MINING LIMITED
ASX:RMXMaterialsToday’s holders own 63.0% of what they think they own, once every option and right converts.
Runway under 2 quarters; share count grew 186% in 24 months; 7 cash raises in 24 months
RED MOUNTAIN MINING LIMITED's ordinary share count has grown 186.4% between October 2024 and October 2026, its latest share-count filing, to 1.11B shares. The share-count change is adjusted for a share consolidation. In the past 24 months the company completed 7 capital raises totaling A$5.7M, most recently a A$1.6M placement in April 2026. Options and rights on issue could convert into 652M new shares, representing 58.7% of the current share count, of which 10% are in the money; the nearest expiry is May 2027. The company has under 2 quarters of funding at the recent spend rate as of the June 2026 quarter. No proposed securities issues are pending.
Quick answers · 5
When did RMX last raise capital?
The last capital raise in Red Mountain Mining's filings is Placement of $1.6M announced 30 Apr 2026, one of 7 cash raises in 24 months.
How much placement capacity does RMX have left?
About 44% of the 15% placement capacity left, about 56% 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.
How much cash does RMX have?
In its quarterly cash report for the quarter ended 30 June 2026, Red Mountain Mining reported $2.0M of cash and estimated 1.9 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do RMX's options expire?
Unexercised options and rights equal 58.7% of Red Mountain Mining's shares on issue; the nearest expiry is May 2027.
How much has RMX's share count grown?
Red Mountain Mining has 1.11B shares on issue as at 28 Oct 2026, up 186.4% over 24 months according to its Appendix 2A filings.
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 |
|---|---|---|---|---|
| 8 Oct 2026 | 2A · quoted issue | RMX : ORDINARY FULLY PAID | 1.11B | Appendix 2A |
| 16 Sept 2026 | 3G · unquoted | ORDINARY FULLY PAID | 1.11B | Appendix 3G |
| 28 Aug 2026 | 2A · quoted issue | RMX : ORDINARY FULLY PAID | 1.11B | Appendix 2A |
| 28 Aug 2026 | 3G · unquoted | RMX : ORDINARY FULLY PAID | 1.04B | Appendix 3G |
| 12 May 2026 | 2A · quoted issue | RMX : ORDINARY FULLY PAID | 1.04B | Appendix 2A |
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
7 cash raises in the last 24 months · 2 in the last 12 months
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
At $0.009 today, 116.0M securities are in the money (10.5% of shares on issue) — a floor, because an exercise price is on record for only 46.1% of this supply. No more priced supply until 10× today’s price, which takes it to 300.6M (27.1% 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.
- 351.0M (53.9% 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 |
|---|---|---|---|---|---|---|
| RMXO | Options | Price-triggered, no exercise price stated | — | 10 May 2027 | 351.0M | Filing |
| RMXAM | Options | Price-triggered | $0.0001 | 3 Feb 2028 | 38.7M | Filing |
| RMXAL | Options | Price-triggered | $0.050 | 31 Dec 2028 | 184.6M | Filing |
| RMXAN | Options | Price-triggered | $0.0001 | 3 Feb 2029 | 38.7M | Filing |
| RMXAO | Options | Price-triggered | $0.0001 | 3 Feb 2030 | 38.7M | 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.
- RMXAKPrice-triggered5.5M securities → 031 Oct 2025 Appendix 2A
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 14 Sept 2026 | Robert Norman Parton | Sell | — | 300k | — | — | 3Y notice |
| 28 Aug 2026 | Lincoln Liu | Other incentive | 41.4M | 4.2M | 50.0M | — | 3Y notice |
| 28 Aug 2026 | Mauro Piccini | Other incentive | — | 1.5M | 6.0M | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.