SOLARA MINERALS LTD
ASX:SLAMaterialsToday’s holders own 81.1% of what they think they own, once every option and right converts.
Runway 2–4 quarters; options/rights overhang 23% of shares; proposed issue pending; since relisting as SLA; prior history under LYN not included
SOLARA MINERALS LTD, trading as SLA since March 2025 after a rename from LYN, has a single share-count filing of 59M shares as of August 2025; no share-count change figure is available because the data covers only the period since the rename. The company has lodged no capital-raise filings (placements, rights issues, or share purchase plans) in the 24-month window. Options and rights could convert into 14M new shares, representing a 23.4% overhang, with none currently in the money; the nearest expiry is May 2027. The company reports 2 to 4 quarters of funding at the recent spend rate. One proposed securities issue (Appendix 3B) is pending, with an expected date of July 2027.
Quick answers · 4
Is SLA raising capital?
Solara Minerals has 1 proposed issue of securities pending under Appendix 3B as at 28 Oct 2026.
How much placement capacity does SLA have left?
None of the 15% placement capacity counted as used in the last 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 SLA have?
In its quarterly cash report for the quarter ended 30 Sept 2026, Solara Minerals reported $1.6M of cash and estimated 4.2 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do SLA's options expire?
Unexercised options and rights equal 23.4% of Solara Minerals's shares on issue; the nearest expiry is May 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 |
|---|---|---|---|---|
| 3 Aug 2026 | 3H · cancellation | SLA : ORDINARY FULLY PAID | 59.2M | Appendix 3H |
| 8 Dec 2025 | 3G · unquoted | SLA : ORDINARY FULLY PAID | 59.2M | Appendix 3G |
| 8 Dec 2025 | 3G · unquoted | SLA : ORDINARY FULLY PAID | 59.2M | Appendix 3G |
| 29 Aug 2025 | 3G · unquoted | SLA : ORDINARY FULLY PAID | 59.2M | Appendix 3G |
| 12 Aug 2025 | 2A · quoted issue | SLA : ORDINARY FULLY PAID | 59.2M | 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
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 $0.13 today, 0 securities are in the money (0.0% of shares on issue). At double today’s price it is 4.0M (6.8% 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.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| SLAAI | Options | Price-triggered | $0.42 | 9 May 2027 | 1.3M | Filing |
| SLAAJ | Options | Price-triggered | $0.20 | 27 Feb 2028 | 4.0M | Filing |
| SLAAB | Options | Price-triggered | $0.30 | 29 Aug 2028 | 500k | Filing |
| SLAAC | Options | Price-triggered | $0.30 | 8 Dec 2028 | 8.0M | 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 |
|---|---|---|---|---|---|---|---|
| 8 Dec 2025 | Adrian Di Menna | Other incentive | — | 2.0M | — | — | 3Y notice |
| 8 Dec 2025 | Anthony Rovira | Other incentive | — | 2.0M | — | — | 3Y notice |
| 8 Dec 2025 | James Robinson | Other incentive | — | 2.0M | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.