SOLARA MINERALS LTD
ASX:SLAMaterialsToday’s holders own 81.1% of what they think they own, once every option and right converts.
Runway 4–8 quarters; options/rights overhang 23% of shares; proposed issue pending; since relisting as SLA; prior history under LYN not included
SOLARA MINERALS LTD, formerly LYN, has a share count of 59M as of August 2025, with no new share-issuance filings lodged since January 2024. The company has not undertaken any capital raises in the last 24 months. Options and rights on issue could convert into 14M new shares, representing 23.4% of the current share count, with the nearest expiry in May 2027; none of these are currently in the money. As of the June 2026 quarter, the company reported A$1.8M in available cash, which covers 6.9 quarters at its recent spending rate. One proposed securities issue (Appendix 3B) is pending, with an expected issue date in July 2027.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2A 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 |
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 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
At $0.11 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.
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 12 Sept 2026.