Companies / VMM

VIRIDIS MINING AND MINERALS LIMITED

ASX:VMMMaterials
130.2M shares on issueASX (delayed) · as of 28 July 2026$3.32price · delayed$416.7Mmarket cap · indicative
F
Dilution grade

Runway under 2 quarters; share count grew 103% in 24 months; 7 cash raises in 24 months

Cash runway1.8 quarters of funding
Share-count growth (24m)102.7%
Raise cadence (24m)7 cash raises
Options & rights overhang7.5% of shares
In-the-money supply1.7% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

VIRIDIS MINING AND MINERALS LIMITED's ordinary share count grew 102.7% between July 2024 and July 2026, to 130M shares. The company raised capital seven times in that period for total disclosed proceeds of A$164.3M, most recently a A$25.0M placement in March 2026. Options and rights on issue could convert into 10M new shares, equal to 7.5% of the current share count, of which 2% are in the money at the current share price; the nearest expiry falls in September 2026. At the June 2026 quarter the company reported A$17.5M in available cash, about 1.8 quarters of funding at its recent spending rate. Three proposed securities issues (Appendix 3B) are pending, with the nearest expected issue date in November 2026.

AI-generated summary of this page's cited filings · updated 28 July 2026
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7.5%
Max option dilution
1.7%
ITM option dilution
3
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 130.2M per ASX (delayed) (28 July 2026).
85.5M101.9M118.3MDec 24Sept 25July 26Cash raise · 13 Mar 2026Cash raise · 13 Mar 2026Cash raise · 24 Nov 2025Cash raise · 25 July 2025Cash raise · 25 July 2025Cash raise · 25 July 2025Cash raise · 23 May 2025

Cash runway

1.8 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$17.5M available cash at quarter ended 30 June 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds.
Paid plan
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)

DateFormSecurityTotal on issue afterSource
10 July 20263G · unquotedORDINARY FULLY PAID130.2MAppendix 3G
10 July 20263G · unquotedVMM : ORDINARY FULLY PAID130.2MAppendix 3G
2 July 20262A · quoted issueVMM : ORDINARY FULLY PAID129.7MAppendix 2A
2 July 20262A · quoted issueVMM : ORDINARY FULLY PAID130.2MAppendix 2A
22 May 20262A · quoted issueVMM : ORDINARY FULLY PAID129.7MAppendix 2A
Paid plan
Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

7 cash raises in the last 24 months · 3 in the last 12 months

$25.0M
Placement
13 Mar 2026 COMPLETE
Paid plan
Full raise history
Issue price, discount, brokers, purpose and tranche detail for every raise on record.
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Pending proposed issues

3 proposed issues pending — Appendix 3B lodged, securities not yet issued. New shares from these issues are not in the counts above until quoted.
Paid plan
Pending issue detail
Size, price, fees, broker and placement-capacity usage for each pending issue.
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Options & convertible securities

7.5%
Total overhang · of current shares
1.7%
In the money · at current price
9.7M
Potential new shares
Sept 2026
Nearest expiry
Paid plan
Per-line options & expiry cliffs
Each option line — code, strike, expiry, quantity and ITM value — plus the expiry-cliff chart.
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Director dealings

DateDirectorTypeSharesOptionsValueSource
10 July 2026Marcus Leonardo SilbermanOther5k——3Y notice
10 July 2026Geoffrey Ralph BedfordOther———3Y notice
2 July 2026Agha Shahzad PervezBuy200k——3Y notice
Paid plan
Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

Free account
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

23 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
22 July 2026$PViridis Demonstration Plant Exceeds PFS Recovery Assumptions
10 July 2026Change of Director's Interest Notice - GB, MS
10 July 2026Notification regarding unquoted securities - VMM
10 July 2026Notification regarding unquoted securities - VMM
8 July 2026$PFinancing Milestone Via Major Measured Resource Upgrade
2 July 2026Change of Director's Interest Notice - ASP, CG, RM
2 July 2026Cleansing Notice
2 July 2026Application for quotation of securities - VMM
2 July 2026Application for quotation of securities - VMM
22 June 2026Change in substantial holding
21 June 2026$PEuropean Union Commissioner Visits Colossus Project
17 June 2026Change of Director's Interest Notice
11 June 2026Results of Meeting
3 June 2026$PViridis Executes First Major Project Delivery Contract
1 June 2026$PVMM Signs Strategic Offtake/Tech Partnership LoI with Solvay
27 May 2026Change of Director's Interest Notice
27 May 2026Cleansing Notice
25 May 2026$PViridis Achieves First MREC Product at Colossus
22 May 2026Application for quotation of securities - VMM

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 July 2026.