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Nova Minerals ( (AU:NVA) ) has provided an announcement.
Nova Minerals has priced an underwritten public offering of 2,928,300 American Depositary Shares on Nasdaq at US$6.83 per ADS, to raise approximately US$20 million (A$30.2 million) in gross proceeds, with a 45‑day option for underwriters to purchase additional ADSs to cover any over‑allotments. The capital injection, to be completed under the company’s existing ASX placement capacity and expected to close on 22 December 2025, will fund drilling, feasibility and environmental studies, camp expansion, permitting and initial development activities at its Estelle Gold and Critical Minerals Project in Alaska, as well as general corporate purposes, strengthening Nova’s ability to advance its flagship asset in a key North American gold and antimony province.
More about Nova Minerals
Nova Minerals Limited is a gold, antimony and critical minerals exploration and development company focused on advancing the Estelle Project in Alaska, a large 514 km² package of State of Alaska mining claims within the prolific Tintina Gold Belt. The 85%-owned project hosts multiple mining complexes over a 35 km mineralized corridor with more than 20 advanced gold and antimony prospects, including two defined multi‑million‑ounce resources and several drill‑ready antimony prospects with significant stibnite vein systems observed at surface.
Average Trading Volume: 3,098,327
Technical Sentiment Signal: Buy
Current Market Cap: A$428.4M
See more data about NVA stock on TipRanks’ Stock Analysis page.