VOLT RESOURCES LIMITED
ASX:VRCMaterialsToday’s holders own 95.9% of what they think they own, once every option and right converts.
Runway under 2 quarters; share count grew 31% in 24 months; 4 cash raises in 24 months
VOLT RESOURCES LIMITED's ordinary share count rose 31.3% between April 2024 and October 2026, its latest share-count filing, to 5.46B shares. The company raised capital four times in the past 24 months for total proceeds of A$7.2M, most recently a A$1.5M placement in October 2026. Options and rights on issue could convert into 235M new shares, representing a 4.3% overhang of the current share count; none of those options are in the money, and the nearest expiry falls in May 2027. The company has under 2 quarters of funding at the recent spend rate. One proposed securities issue is pending, with an expected issue date in November 2026.
Quick answers · 6
Why was VRC in a trading halt?
Volt Resources requested a trading halt on 9 Oct 2026, giving the reason "Pending release of announcement regarding a capital raise". Trading was expected to resume 13 Oct 2026.
Is VRC raising capital?
Volt Resources has 1 proposed issue of securities pending under Appendix 3B as at 28 Oct 2026; the most recent raise announced is Placement of $1.5M on 13 Oct 2026.
How much placement capacity does VRC 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 VRC have?
In its quarterly cash report for the quarter ended 30 June 2026, Volt Resources reported $312k of cash and estimated 3.9 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do VRC's options expire?
Unexercised options and rights equal 4.3% of Volt Resources's shares on issue; the nearest expiry is May 2027.
How much has VRC's share count grown?
Volt Resources has 5.46B shares on issue as at 28 Oct 2026, up 31.3% 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 |
|---|---|---|---|---|
| 20 Oct 2026 | 2A · quoted issue | VRC : ORDINARY FULLY PAID | 5.46B | Appendix 2A |
| 30 Apr 2026 | 2A · quoted issue | VRC : ORDINARY FULLY PAID | 5.25B | Appendix 2A |
| 25 Mar 2026 | 2A · quoted issue | VRC : ORDINARY FULLY PAID | 5.24B | Appendix 2A |
| 25 Mar 2026 | 3G · unquoted | VRC : ORDINARY FULLY PAID | 5.15B | Appendix 3G |
| 12 Mar 2026 | 3H · cancellation | VRC : ORDINARY FULLY PAID | 5.15B | Appendix 3H |
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
4 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
At $0.004 today, 0 securities are in the money (0.0% of shares on issue). At double today’s price it is 48.8M (0.9% 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 |
|---|---|---|---|---|---|---|
| VRCAE | Options | Price-triggered | $0.0075 | 6 May 2027 | 10.0M | Filing |
| VRCAAA | Options | Price-triggered | $0.0066 | 27 May 2027 | 10.0M | Filing |
| VRCAF | Options | Price-triggered | $0.0075 | 2 July 2027 | 5.0M | Filing |
| VRCAAB | Options | Price-triggered | $0.0063 | 27 Sept 2027 | 23.8M | Filing |
| VRCAG | Options | Price-triggered | $0.011 | 11 Nov 2027 | 185.9M | 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.
- VRCAZCondition-triggered80.0M securities → 012 Mar 2026 Appendix 2A
- VRCAACconvertible notes100.0M20 Oct 2026 Appendix 2A
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 24 Mar 2026 | Mr Asimwe Kabunga | Other | 58.3M | 29.2M | — | $350k | 3Y notice |
| 24 Mar 2026 | Mr Dominic Virgara | Other | 16.7M | 8.3M | — | $100k | 3Y notice |
| 24 Mar 2026 | Trevor Matthews | Other | 8.3M | 4.2M | — | $50k | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.