Companies / VTX

VERTEX MINERALS LIMITED

ASX:VTXMaterials
286.6M shares on issueASX (delayed) · as of 28 July 2026$0.098price · delayed$27.2Mmarket cap · indicative
C
Dilution grade

Share count grew 133% in 24 months; 7 cash raises in 24 months; options/rights overhang 30% of shares

Cash runway8.4 quarters of funding
Share-count growth (24m)133.4%
Raise cadence (24m)7 cash raises
Options & rights overhang29.7% of shares
In-the-money supply0.0% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

VERTEX MINERALS LIMITED's ordinary share count grew 133.4% between May 2024 and July 2026 to 287M shares. The company completed seven capital raises in that 24-month window for total disclosed proceeds of A$39.5M, most recently a A$8.6M Share Purchase Plan in July 2026. Options and rights on issue could convert into 85M new shares, equal to 29.7% of the current share count, with 0% in the money and the nearest expiry in July 2027. At the March 2026 quarter the company reported A$16.6M in available cash, equivalent to 8.4 quarters of cover at its reported burn rate. Ten proposed securities issues (Appendix 3B) are pending, the nearest proposed date being July 2026.

AI-generated summary of this page's cited filings · updated 28 July 2026
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29.7%
Max option dilution
0.0%
ITM option dilution
2
Raises · last 12 months
8.4 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 286.6M per ASX (delayed) (28 July 2026).
204.7M234.8M264.8MDec 24Sept 25July 26Cash raise · 1 July 2026Cash raise · 29 June 2026Cash raise · 30 Jan 2025Cash raise · 30 Jan 2025Cash raise · 19 Dec 2024Cash raise · 19 Dec 2024

Cash runway

8.4 qtrs
More than four quarters of funding at the recent spend rate.
$16.6M 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
21 July 20262A · quoted issueVTX : ORDINARY FULLY PAID286.6MAppendix 2A
30 June 20262A · quoted issueVTX : ORDINARY FULLY PAID286.6MAppendix 2A
23 Apr 20263G · unquotedVTX : ORDINARY FULLY PAID286.6MAppendix 3G
12 Feb 20262A · quoted issueVTX : ORDINARY FULLY PAID286.6MAppendix 2A
11 Feb 20263H · cancellationVTX : ORDINARY FULLY PAID286.6MAppendix 3H
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 · 2 in the last 12 months

$8.6M
Share Purchase Plan
1 July 2026 ACTIVE
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

10 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

29.7%
Total overhang · of current shares
0.0%
In the money · at current price
85.0M
Potential new shares
July 2027
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
17 July 2026Roger JacksonSell—111k—3Y notice
17 July 2026Tully RichardsSell1.6M333k—3Y notice
29 June 2026Bruce McInnesOther——$115k3Y 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 2026Appointment of an Independent Expert
21 July 2026Corrections to Appendix 3Y Lodged 5 Jun 2026 Richards
21 July 2026Update - Proposed issue of securities - VTX
21 July 2026Share Purchase Plan - Extending Closing Date
21 July 2026Change of Director's Interest Notice Richards
21 July 2026Change of Director's Interest Notice Jackson
21 July 2026Cleansing Notice
21 July 2026Application for quotation of securities - VTX
17 July 2026Development Application Update Reward Gold Mine
13 July 2026Ore Production Update, Reward Gold Mine
7 July 2026Share Purchase Plan Offer Booklet
7 July 2026Cleansing Notice Share Purchase Plan
1 July 2026Proposed issue of securities - VTX
1 July 2026Proposed issue of securities - VTX
30 June 2026Proposed issue of securities - VTX
30 June 2026$PShare Purchase Plan Offer
30 June 2026Cleansing Notice
30 June 2026Application for quotation of securities - VTX
29 June 2026Update - Proposed issue of securities - VTX
29 June 2026Change of Director's Interest Notice McInnes

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