VENARI MINERALS NL
ASX:VMSMaterialsToday’s holders own 88.4% of what they think they own, once every option and right converts.
Not rated — share-count series unreliable
The share-register history on record is inconsistent, so a score would be unreliable. Not rated means no assessment — not low risk.
VENARI MINERALS NL is trading as VMS only since October 2025 following a rename from ASE; historical data under the previous name is not included. The company underwent an approximately 1-for-10 share consolidation in November 2025. Its ordinary share count was 130M as of August 2026, with the series adjusted for consolidation. In the past 24 months, VENARI MINERALS NL raised capital once, a A$6.1M placement including convertible notes and loyalty options in July 2026. Options and rights on issue could convert into 17M new shares, representing 13.1% of the current share count, with none currently in the money. The nearest expiry date for these options is August 2028. As of June 2026, the company reported A$5.9M in cash, sufficient for 6.8 quarters of operations. Five proposed securities issues are pending, with the nearest proposed date in September 2026.
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 |
|---|---|---|---|---|
| 23 Aug 2026 | 3H · cancellation | VMS : ORDINARY FULLY PAID | 130.2M | Appendix 3H |
| 6 Aug 2026 | 2A · quoted issue | VMS : ORDINARY FULLY PAID | 130.2M | Appendix 2A |
| 31 July 2026 | 2A · quoted issue | VMS : ORDINARY FULLY PAID | 130.2M | Appendix 2A |
| 15 July 2026 | 2A · quoted issue | VMS : ORDINARY FULLY PAID | 108.1M | Appendix 2A |
| 22 May 2026 | 2A · quoted issue | VMS : ORDINARY FULLY PAID | 107.6M | Appendix 2A |
Capital raises
1 cash raise in the last 24 months · 1 in the last 12 months · counted since relisting as VMS (13 Oct 2025); prior history under ASE is not included
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
- Price-triggered13.2M · 10.2% of sharesOptions and warrants — they convert when the share price clears their exercise price.At least 10.2M of it states no exercise price — that much cannot be called in or out of the money.
- Condition-triggered3.8M · 2.9% of sharesPerformance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
Exercise price on record: 3.0M priced, 14.0M where the filing never states one. A security with no exercise price is never counted in the money — nothing is paid to convert it, so there is no price for it to be above.
Each figure is the filing’s own count of securities, not a share count — a 2A never states what one security converts into.
An exercise price is on record for only 17.6% of this supply, so what is in the money today is not a measurement — the tile above reads “—” for that reason. Of the priced supply, 0 is in the money at $0.14 today. No more priced supply until 3× today’s price, which takes it to 3.0M (2.3% 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.
- 14.0M (82.4% 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 |
|---|---|---|---|---|---|---|
| VMSOA | Options | Price-triggered | — | 6 Aug 2028 | 10.2M | Filing |
| VMSAU | Options | Price-triggered | $0.30 | 26 Sept 2028 | 3.0M | Filing |
| VMSAA | Performance rights | Condition-triggered | — | — | 953k | Filing Meeting |
| VMSAB | Performance rights | Condition-triggered | — | — | 953k | Filing Meeting |
| VMSAC | Performance rights | Condition-triggered | — | — | 953k | Filing Meeting |
| VMSAD | Performance rights | Condition-triggered | — | — | 953k | 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.
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.
- VMSASCondition-triggered522k securities → 023 Aug 2026 Appendix 2A
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 23 Aug 2026 | Vincent Fayad | Sell incentive | — | — | 35k | — | 3Y notice |
| 21 Aug 2026 | Matthew James Healy | Sell | 295k | 100k | 2.3M | — | 3Y notice |
| 21 Aug 2026 | Vincent Fayad | Sell | 1.1M | — | 35k | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.