---
title: "Venari Minerals flags August expiry of out-of-the-money options"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293727780.md"
description: "Venari Minerals (ASX: VMS) announced that 29.18 million out-of-the-money options (VMSO), exercisable at A$0.50, will expire on August 21, 2026, with trading ceasing on August 17, 2026. Given the current share price of A$0.09, these options are significantly out of the money, making exercise unlikely. This limits near-term dilution for shareholders but reduces potential capital inflows from conversions."
datetime: "2026-07-24T08:57:48.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293727780.md)
  - [en](https://longbridge.com/en/news/293727780.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293727780.md)
generator: "portal-rs"
---

# Venari Minerals flags August expiry of out-of-the-money options

Astro Resources NL ( (AU:VMS) ) has shared an announcement.

Venari Minerals NL has notified holders that 29,184,727 listed options, exercisable at A$0.50 and trading as VMSO, will expire at 5:00pm AEST on 21 August 2026 unless exercised, with ASX quotation of the options to cease on 17 August 2026. With the options significantly out of the money given the current share price of A$0.09, the company will not send personalised notices and has confirmed there are no underwriting agreements in place, though it will issue expiry notices if the share price rises above A$0.375 before the deadline.

The move effectively signals that a large tranche of potential equity is unlikely to be exercised under current market conditions, limiting near-term dilution for existing shareholders but also reducing the prospect of additional capital inflows from option conversion. The announcement clarifies key dates, pricing and conditions for option holders and underscores the gap between the exercise price and recent trading levels, providing transparency to the market about Venari’s capital structure ahead of the August expiry.

**More about Astro Resources NL**

Venari Minerals NL is an ASX-listed resources company operating in the minerals sector, with its shares trading under the code VMS and listed options under VMSO. The company’s securities trade on the Australian Securities Exchange, where its share price has recently ranged between A$0.084 and A$0.265 over the past six months.

**Average Trading Volume:** 65,845

**Technical Sentiment Signal:** Sell

**Current Market Cap:** A$9.62M

Find detailed analytics on VMS stock on TipRanks’ Stock Analysis page.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**