VIRIDIS MINING AND MINERALS LIMITED
ASX:VMMMaterialsToday’s holders own 95.7% of what they think they own, once every option and right converts.
Share count grew 124% in 24 months; 5 cash raises in 24 months; proposed issue pending
VIRIDIS MINING AND MINERALS LIMITED's ordinary share count grew 124.1% between October 2024 and August 2026, its latest share-count filing, to 161M shares. The company raised capital five times in that period for total disclosed proceeds of A$245.5M, most recently a A$162.7M placement in August 2026. Options and rights on issue could convert into 7M new shares, equal to 4.5% of the current share count, none of which are in the money. No expiry date for these securities is on record. The company has more than 4 quarters of funding at the recent spend rate. Four proposed securities issues (Appendix 3B) are pending, with the nearest expected in November 2026.
Quick answers · 5
Is VMM raising capital?
Viridis Mining And Minerals has 4 proposed issues of securities pending under Appendix 3B as at 28 Oct 2026; the most recent raise announced is Placement of $162.7M on 20 Aug 2026.
How much placement capacity does VMM have left?
About 46% of the 15% placement capacity left, about 54% 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 VMM have?
In its quarterly cash report for the quarter ended 30 Sept 2026, Viridis Mining And Minerals reported $119.7M of cash and estimated 12.1 quarters of funding available at its current rate of spending. That is the company's own estimate.
How many options and rights does VMM have outstanding?
Unexercised options and rights equal 4.5% of Viridis Mining And Minerals's shares on issue.
How much has VMM's share count grown?
Viridis Mining And Minerals has 161.1M shares on issue as at 28 Oct 2026, up 124.1% 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 |
|---|---|---|---|---|
| 31 Aug 2026 | 2A · quoted issue | VMM : ORDINARY FULLY PAID | 161.1M | Appendix 2A |
| 28 Aug 2026 | 2A · quoted issue | VMM : ORDINARY FULLY PAID | 145.2M | Appendix 2A |
| 27 Aug 2026 | 2A · quoted issue | VMM : ORDINARY FULLY PAID | 143.3M | Appendix 2A |
| 10 July 2026 | 3G · unquoted | VMM : ORDINARY FULLY PAID | 130.2M | Appendix 3G |
| 10 July 2026 | 3G · unquoted | ORDINARY FULLY PAID | 130.2M | Appendix 3G |
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
5 cash raises in the last 24 months · 3 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
No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 7.2M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| VMMAI | Performance shares | Condition-triggered | — | — | 2.5M | Filing Meeting |
| VMMAF | Performance rights | Condition-triggered | — | — | 4.7M | Filing Meeting |
“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.
A condition-triggered class has no exercise price and usually no expiry: what it vests on is set by a shareholder resolution, not by the register. Where the company lodged a notice of meeting before the class first appears here, it is linked as “Meeting” — that is where terms of this kind are put to shareholders. It is not confirmation that the document sets this class’s conditions, and no link appears where there is no such filing.
- VMMAGPrice-triggered200k securities → 010 Apr 2026 Appendix 2A
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 10 July 2026 | Geoffrey Ralph Bedford | Other incentive | — | — | 150k | — | 3Y notice |
| 10 July 2026 | Marcus Leonardo Silberman | Other incentive | 5k | — | 100k | — | 3Y notice |
| 2 July 2026 | Agha Shahzad Pervez | Buy incentive | 200k | — | — | — | 3Y notice |
| 2 July 2026 | Jose Carlos Guedes Rosado | Buy incentive | 50k | — | — | — | 3Y notice |
| 2 July 2026 | Rafael Moreno | Buy incentive | 200k | — | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.