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Venus Metals Corporation Limited (ASX:VMC)

ALERT: Price-sensitive ASX Announcement for VMC
Current share price for VMC : $0.090 -0.165 (-64.71%)+
Announcement
Release
10 Aug 2026 8:23AM
Price at Release
$0.255
Full Release
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Summary
Venus Metals Corporation Limited (ASX: VMC) has declared a special cash dividend of $0.1697 per fully paid ordinary share, totaling $35 million in aggregate, to be paid to shareholders on record as of 11 September 2026. This is part of the proceeds from the sale of the company’s 1% net smelter return royalty on all gold production from the Youanmi Gold Project to Franco-Nevada Australia Pty Ltd. The dividend will be franked to 80.01% at the full company tax rate. The payment date for the cash dividend is set for 18 September 2026. The company continues to focus on leveraging its diverse portfolio of assets while pursuing opportunities to optimize shareholder value.
Key Points
  • Special cash dividend of $0.1697 per share.
  • Total dividend amount of $35 million.
  • Proceeds from the sale of Youanmi Gold Project royalty.
  • Dividend record date: 11 September 2026.
  • Dividend payment date: 18 September 2026.
  • Dividend franked to 80.01% at a 30% tax rate.
  • Company continues to hold shares in Rox Resources Limited.
  • Pursuing value-adding opportunities for shareholders.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.