Companies / VRX

VRX SILICA LIMITED

ASX:VRXMaterials
984.3M shares on issueASX (delayed) · as of 28 July 2026$0.039price · delayed$38.4Mmarket cap · indicative
C
Dilution grade

Share count grew 57% in 24 months; 6 cash raises in 24 months; runway 4–8 quarters

Cash runway7.6 quarters of funding
Share-count growth (24m)56.7%
Raise cadence (24m)6 cash raises
Options & rights overhang28.1% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

VRX SILICA LIMITED's ordinary share count grew 56.7% between May 2024 and July 2026, to 984M shares. The company raised capital six times in that period for total disclosed proceeds of A$22.8M, most recently a A$4.5M placement in July 2026. Options and rights on issue could convert into 277M new shares, equal to 28.1% of the current share count, with 0% in the money at present; the nearest expiry is December 2026. At the March 2026 quarter the company reported A$8.6M in available cash, equivalent to 7.6 quarters of funding at its recent spending rate. No proposed securities issues (Appendix 3B) are pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
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28.1%
Max option dilution
0.0%
ITM option dilution
5
Raises · last 12 months
7.6 qtrs
Cash cover · over 4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 984.3M per ASX (delayed) (28 July 2026).
703.0M806.3M909.5MDec 24Sept 25July 26Cash raise · 13 July 2026Cash raise · 27 May 2026Cash raise · 26 May 2026Cash raise · 20 Nov 2025Cash raise · 20 Nov 2025Cash raise · 5 Dec 2024

Cash runway

7.6 qtrs
More than four quarters of funding at the recent spend rate.
$8.6M available cash at quarter ended 31 Mar 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 31 Mar 2026.
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Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityTotal on issue afterSource
20 July 20262A · quoted issueVRX : ORDINARY FULLY PAID984.3MAppendix 2A
29 June 20262A · quoted issueVRX : ORDINARY FULLY PAID850.5MAppendix 2A
25 June 20263G · unquotedVRX : ORDINARY FULLY PAID779.0MAppendix 3G
25 June 20263G · unquotedORDINARY FULLY PAID779.0MAppendix 3G
25 June 20262A · quoted issueVRX : ORDINARY FULLY PAID850.5MAppendix 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

6 cash raises in the last 24 months · 5 in the last 12 months

$4.5M
Placement
13 July 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

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

28.1%
Total overhang · of current shares
0.0%
In the money · at current price
276.9M
Potential new shares
Dec 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
26 June 2026PAUL BOYATZISBuy600k300k—3Y notice
26 June 2026David WelchBuy50k25k—3Y notice
4 May 2026BRUCE MALUISHBuy694k5.0M—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

21 July 2026Becoming a substantial holder
21 July 2026Cleansing Notice
20 July 2026Change in substantial holding
20 July 2026Becoming a substantial holder
20 July 2026Application for quotation of securities - VRX
20 July 2026Cleansing Prospectus
14 July 2026Proposed issue of securities - VRX
14 July 2026$PStrategic Equity Placements to Raise $4.5M
13 July 2026$PTrading Halt
1 July 2026Final Director's Interest Notice
30 June 2026Change in substantial holding
30 June 2026Management and Board Update
29 June 2026Top Holders - Listed Options
29 June 2026Range of Holders - Listed Options
29 June 2026Application for quotation of securities - VRX
29 June 2026Change of Director's Interest Notices X 2
25 June 2026Notification regarding unquoted securities - VRX
25 June 2026Notification regarding unquoted securities - VRX
25 June 2026Application for quotation of securities - VRX
24 June 2026$PResults of Renounceable Rights Issue

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