Announcement • Jul 21
Venari Minerals NL has filed a Follow-on Equity Offering in the amount of AUD 4.75 million. Venari Minerals NL has filed a Follow-on Equity Offering in the amount of AUD 4.75 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 22,095,000
Price\Range: AUD 0.08
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 34,017,500
Price\Range: AUD 0.08
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,262,500
Price\Range: AUD 0.08
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Jul 17
Alien Metals Limited (AIM:UFO) completed the acquisiton of Knox Resources Pty Ltd from Venari Minerals NL (ASX:VMS). Alien Metals Limited (AIM:UFO) entered in a binding Heads of Agreement to acquire Knox Resources Pty Ltd from Venari Minerals NL (ASX:VMS) for £0.2 million on July 07, 2026. The consideration was comprised of a £0.1 million cash payment and the issuance of 90,260,854 new shares in Alien Metals valued at £0.1 million.
The acquisition is part of Venari's strategy to divest non-core assets and focus on its flagship Red Mountain project, while diversifying Alien Metals' commodity exposure. As part of the transaction, Vincent Fayad was appointed as the new Chief Executive Officer of Alien Metals. The project was valued by SRK Consulting with a preferred market value of AUD 2.7 million.
The transaction is subject to consummation of due dilligence investigation. As part of the agreement, Venari will provide technical services to Alien Metals for a period of 12 months for a fee of AUD 120,000 per annum.
James Harris, James Dance and Edward Foulkes of Strand Hanson Limited acted as a financial adviosr to Alien Metals Limited (AIM:UFO). Tim Metcalfe,
Graham Herring and Zach Cohen of IFC Advisory Limited acted as a financial adviosr to Alien Metals Limited (AIM:UFO
Alien Metals Limited (AIM:UFO) completed the acquisiton of Knox Resources Pty Ltd from Venari Minerals NL (ASX:VMS) on July 16, 2026. New Risk • May 19
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.0m (US$9.95m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 24% per year over the past 5 years. Shareholders have been substantially diluted in the past year (74% increase in shares outstanding). Revenue is less than US$1m (AU$6.8k revenue, or US$4.9k). Market cap is less than US$10m (AU$14.0m market cap, or US$9.95m). Minor Risk Less than 1 year of cash runway based on current free cash flow (-AU$6.2m). 
