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Nova Minerals ( (AU:NVA) ) has issued an update.
Nova Minerals has issued 1,725,756 fully paid shares following the exercise of unquoted underwriter US warrants and will list 143,813 American Depositary Shares on Nasdaq, each representing 12 ordinary shares. The move broadens its tradable equity base across Australian and U.S. markets while maintaining compliance with Australian continuous disclosure rules and securing a secondary trading exemption for the new securities under Section 708A of the Corporations Act.
By lodging a cleansing notice with the ASX, the company enables on‑sale of these securities without a separate disclosure document, confirming there is no excluded information that investors would reasonably require for an informed assessment. The issuance supports liquidity and access to capital for its Estelle gold and critical minerals project, reinforcing Nova’s positioning as a cross‑listed explorer in a key North American mining jurisdiction.
More about Nova Minerals
Nova Minerals is a gold, antimony and critical minerals exploration and development company focused on the Estelle Project in Alaska’s Tintina Gold Belt, a prolific region hosting major gold mines and significant antimony deposits. The 514 km² project, of which Nova owns 85%, contains multiple mining complexes across a 35 km mineralized corridor, including two defined multi‑million‑ounce resources and several drill‑ready antimony prospects with extensive stibnite vein systems at surface.
Average Trading Volume: 805,568
Technical Sentiment Signal: Buy
Current Market Cap: A$342.1M
Learn more about NVA stock on TipRanks’ Stock Analysis page.