Nova Minerals Prices $20M Public Offering at $6.83 per ADS
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 9h ago
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Source: Newsfilter
- Offering Size: Nova Minerals announced the pricing of 2,928,300 American Depositary Shares at $6.83 each, aiming for gross proceeds of approximately $20 million, which will be allocated to exploration and development activities at its Estelle Project in Alaska.
- Over-Allotment Option: The company has granted underwriters a 45-day option to purchase an additional 439,245 ADSs to cover any over-allotments, enhancing the flexibility of the offering and potentially increasing total capital raised.
- Project Development Plans: Proceeds will fund drilling, feasibility and environmental studies, camp expansion, and initial development activities at the Estelle Project, aimed at accelerating project advancement and strengthening the company's competitive position in critical minerals.
- Market Response: The public offering is expected to close on December 22, 2025, and if successful, will provide essential funding to support the company's strategic initiatives in the rapidly evolving mining sector.
NVA
$8.02+Infinity%1D
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About NVA
Nova Minerals Limited is an Australia-based gold, antimony and critical minerals exploration and development company. The Company is focused on advancing the Estelle Project, comprising 514 square kilometers (km2) of State of Alaska mining claims, which includes multiple mining complexes across a 35-kilometer-long mineralized corridor of over 20 advanced gold and antimony prospects, including two multi-million-ounce resources, and several drill ready antimony prospects. The 85%-owned project is located 150 kilometers northwest of Anchorage, Alaska, United States of America, in the prolific Tintina Gold Belt, a province which hosts a 220 million-ounce (Moz) documented gold endowment and some of the gold mines and discoveries, including Barrick's Donlin Creek Gold Project and Kinross Gold Corporation's Fort Knox Gold Mine. The Company has two primary gold deposits at Estelle: RPM High-Grade Gold in the South, and Korbel Bulk Tonnage Gold in the North.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
