Terra Critical Minerals Limited (ASX:T92) has notified the exchange that 15,401,786 unquoted options with an exercise price of $0.15 expired without exercise or conversion on 1 November 2026, reducing that class of securities to zero.

Key Points

  • 15,401,786 options under the code T92AE, expiring 1 November 2026 at an exercise price of $0.15, have ceased due to expiry without exercise or conversion.
  • No consideration was paid by the entity for the cessation of the securities.
  • Following the cessation, the T92AE class of unquoted options has a total of zero securities on issue.
  • The company's remaining issued capital includes 148,365,546 ordinary fully paid shares, 70,145,500 quoted options expiring 31 December 2026, 58,630,058 quoted options expiring 29 December 2030, and 3,000,000 unquoted performance rights.

Details of the Option Cessation

According to the filing lodged on 2 November 2026, the 15,401,786 options carried the ASX security code T92AE and were described as options expiring 1 November 2026 with an exercise price of $0.15. The securities were classified as unquoted equity securities. The reason for cessation recorded in the filing is expiry of the option without exercise or conversion. The entity confirmed that no consideration was paid in connection with the cessation, and no additional information was provided to the exchange regarding the event.

Issued Capital Following the Cessation

Following the removal of the T92AE options from the company's issued capital, Terra Critical Minerals disclosed its remaining securities. Quoted equity securities on issue comprise 148,365,546 ordinary fully paid shares (T92), 70,145,500 options expiring 31 December 2026 (T92OB), and 58,630,058 options expiring 29 December 2030 (T92OA). In the unquoted category, the T92AE class now stands at zero, while 3,000,000 performance rights (T92AG) remain on issue. The filing noted that the figures are automatically generated and may not reflect the entity's current issued capital if other forms are concurrently being processed by ASX.

Appendix 3H Regulatory Disclosure

The cessation was reported by Terra Critical Minerals Limited via an Appendix 3H form, which is the prescribed notification for the cessation of securities under ASX Listing Rules. The entity is registered with ACN 650774253 and trades on the ASX under the issuer code T92. The announcement was classified as a new announcement and dated 2 November 2026, one day following the recorded date of cessation of 1 November 2026. The filing confirmed the cessation occurred solely by reason of expiry, with no conversion or exercise having taken place prior to the option expiry date.