Pentagon Considers Scrapping $80M Loan to ReElement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
The Pentagon is debating on scrapping an $80M conditional loan offer to ReElement Technologies, Joe Deaux and Kate O'Keeffe of Bloomberg reports. The Pentagon's Office of Strategic Capital announced the agreement with ReElement in November, but officials have since raised doubts about the company's ability to scale its technology, people familiar with the process told Bloomberg. The deal, which is meant to break China's chokehold on critical minerals, has not been canceled and may still go ahead, the sources added. Additionally, the deal is part of a bigger $1.4B critical-minerals agreement that includes Vulcan Elements and is part of the Trump admin's drive to develop domestic production of rare earth elements. Companies involved in the development and mining of rare earth minerals include Nova Minerals (NVA), Ioneer (IONR), Lynas Rare Earths (LYSCF), MP Materials (MP), Energy Fuels (UUUU), NioCorp (NB) and VanEck Vectors Rare Earth/Strategic Metals ETF (REMX).
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Analyst Views on NVA
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.
NevGold's Nevada Project Supports U.S. Critical Minerals Strategy
- Rich Mineral Resources: The Limousine Butte project in Nevada has reported consistent oxide antimony and gold mineralization in every drillhole, with antimony grades reaching 0.32%, highlighting its significance in the U.S. defense industry and the potential to establish a domestic antimony supply chain.
- Utilization of Historical Resources: The project capitalizes on a 35-year-old crushed ore pile, avoiding new mining's environmental impacts and demonstrating efficient resource reuse potential, aligning with U.S. critical mineral demands.
- Strong Financing Support: NevGold successfully increased its financing from C$25 million to C$42 million in April 2026, reflecting robust market demand and investor confidence, providing ample funding for project advancement.
- Clear Production Goals: NevGold aims to achieve antimony production by 2027, ahead of its industry peers, indicating a competitive edge in the critical minerals market and likely attracting increased investor interest.
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Nevada Mining Project Supports U.S. Critical Minerals Strategy
- Rich Mineral Resources: The Limousine Butte area in Nevada has shown consistent oxide antimony in every drillhole, with grades reaching up to 0.32% antimony, indicating significant strategic value for the U.S. defense industry.
- Rapid Production Potential: NevGold aims to achieve antimony production by 2027, leveraging existing historical leach pads to avoid environmental impacts and high costs associated with new mining, showcasing its unique advantage in the critical minerals supply chain.
- Strong Financing Support: NevGold successfully upsized its financing from C$25 million to C$42 million in April 2026, reflecting robust institutional demand and providing ample funding for project advancement.
- Rising Market Demand: With China's export ban on antimony to the U.S., NevGold's project aligns perfectly with the urgent domestic demand for critical minerals, likely attracting more investor attention and driving stock price increases.
See More
Nevada Discovers Oxide Antimony-Gold Mineralization
- Mineral Discovery: NevGold Corp. reported that all 17 sonic drillholes at its Limousine Butte project in Nevada returned positive oxide antimony and gold mineralization, with peak grades of 0.32% Sb and 0.39 g/t Au, highlighting the project's significance in the U.S. critical minerals supply chain.
- Market Context: The U.S. currently has no operating primary antimony mines, and antimony is classified as a priority critical mineral, prompting increased government investment in domestic projects, with NevGold's discovery potentially addressing defense supply needs.
- Resource Estimation: NevGold is advancing a maiden antimony-gold Mineral Resource Estimate, with potential production by 2027 from already mined and crushed material, significantly shortening the production timeline.
- Future Plans: The company plans to initiate a 20,000-meter drilling program in the coming weeks aimed at resource expansion and new discoveries, further solidifying its position in the U.S. antimony market.
See More
Nevada Discovers Oxide Antimony-Gold Mineralization
- Mineral Discovery: NevGold Corp. reported that all 17 sonic drillholes at its Limousine Butte project in Nevada returned positive oxide antimony and gold mineralization, with grades reaching 0.32% antimony and 0.39 g/t gold, indicating the project's potential as a significant domestic antimony source in the U.S.
- Market Context: The U.S. currently has no operating primary antimony mines, and with antimony classified as a critical mineral, China's control over approximately 90% of global supply poses risks to U.S. defense procurement, making NevGold's discovery a beacon of hope for domestic supply chains.
- Resource Estimation: NevGold is advancing a maiden antimony-gold Mineral Resource Estimate, aiming for potential production by 2027 from already mined and crushed materials, highlighting the project's economic viability and market demand.
- Future Plans: The company plans to initiate a 20,000-meter drilling program in the coming weeks focused on expansion and new discoveries, further solidifying its position in the U.S. antimony market and supporting the upcoming resource estimate.
See More
Nova Minerals CEO to Present at Alaska Sustainable Energy Conference
- Conference Participation: Nova Minerals' CEO Christopher Gerteisen will attend the Alaska Sustainable Energy Conference in Anchorage from May 19-21, 2026, using this platform to strengthen relationships with government and industry leaders as the company advances its Estelle Gold and Critical Minerals Project in Alaska.
- Industry Engagement: The conference features key speakers including U.S. Secretary of the Interior Doug Burgum and Alaska Governor Mike Dunleavy, showcasing Nova's influence in energy security and resource development, thereby enhancing its standing in the industry.
- Project Advancement: Nova is progressing its Estelle Gold and Critical Minerals Project, which hosts multi-million-ounce gold resources and aims to provide a critical domestic supply of antimony, with production targeted for late 2026/2027, reflecting the company's strategic positioning in the critical minerals sector.
- Funding Support: The company has secured a $43.4 million award from the U.S. Department of War to develop a domestic antimony supply chain, which not only provides financial backing for the project but also underscores the government's recognition of its significance for national security.
See More
Nova Minerals Hosts Quarterly Update Webinar for Shareholders
- Quarterly Update Webinar: Nova Minerals is set to host a quarterly update webinar on May 21, 2026, where CEO Christopher Gerteisen will review the company's progress over the past quarter and outline plans for the antimony project, likely attracting significant interest from investors and shareholders.
- Equipment Transport Showcase: The webinar will feature video footage of the substantial mining and processing equipment transported to the Estelle Project during this year's winter freight haul operations, emphasizing the intended use of this equipment to enhance project visibility and investor confidence.
- Exploration Results Review: Gerteisen will review key exploration results from the previous field season, including discoveries at Portage Pass, West Wing, and RPM, which are expected to bolster market confidence in the company's future potential.
- Strategic Restructuring Plans: The company will also discuss the share and warrant scheme documentation related to its proposed redomiciliation to the United States, indicating its strategic positioning and commitment to the U.S. market.
See More
NevGold's Nevada Project Supports U.S. Critical Minerals Strategy
- Rich Mineral Resources: The Limousine Butte project in Nevada has reported consistent oxide antimony and gold mineralization in every drillhole, with antimony grades reaching 0.32%, highlighting its significance in the U.S. defense industry and the potential to establish a domestic antimony supply chain.
- Utilization of Historical Resources: The project capitalizes on a 35-year-old crushed ore pile, avoiding new mining's environmental impacts and demonstrating efficient resource reuse potential, aligning with U.S. critical mineral demands.
- Strong Financing Support: NevGold successfully increased its financing from C$25 million to C$42 million in April 2026, reflecting robust market demand and investor confidence, providing ample funding for project advancement.
- Clear Production Goals: NevGold aims to achieve antimony production by 2027, ahead of its industry peers, indicating a competitive edge in the critical minerals market and likely attracting increased investor interest.
See More
Nevada Mining Project Supports U.S. Critical Minerals Strategy
- Rich Mineral Resources: The Limousine Butte area in Nevada has shown consistent oxide antimony in every drillhole, with grades reaching up to 0.32% antimony, indicating significant strategic value for the U.S. defense industry.
- Rapid Production Potential: NevGold aims to achieve antimony production by 2027, leveraging existing historical leach pads to avoid environmental impacts and high costs associated with new mining, showcasing its unique advantage in the critical minerals supply chain.
- Strong Financing Support: NevGold successfully upsized its financing from C$25 million to C$42 million in April 2026, reflecting robust institutional demand and providing ample funding for project advancement.
- Rising Market Demand: With China's export ban on antimony to the U.S., NevGold's project aligns perfectly with the urgent domestic demand for critical minerals, likely attracting more investor attention and driving stock price increases.
See More
Nevada Discovers Oxide Antimony-Gold Mineralization
- Mineral Discovery: NevGold Corp. reported that all 17 sonic drillholes at its Limousine Butte project in Nevada returned positive oxide antimony and gold mineralization, with peak grades of 0.32% Sb and 0.39 g/t Au, highlighting the project's significance in the U.S. critical minerals supply chain.
- Market Context: The U.S. currently has no operating primary antimony mines, and antimony is classified as a priority critical mineral, prompting increased government investment in domestic projects, with NevGold's discovery potentially addressing defense supply needs.
- Resource Estimation: NevGold is advancing a maiden antimony-gold Mineral Resource Estimate, with potential production by 2027 from already mined and crushed material, significantly shortening the production timeline.
- Future Plans: The company plans to initiate a 20,000-meter drilling program in the coming weeks aimed at resource expansion and new discoveries, further solidifying its position in the U.S. antimony market.
See More
Nevada Discovers Oxide Antimony-Gold Mineralization
- Mineral Discovery: NevGold Corp. reported that all 17 sonic drillholes at its Limousine Butte project in Nevada returned positive oxide antimony and gold mineralization, with grades reaching 0.32% antimony and 0.39 g/t gold, indicating the project's potential as a significant domestic antimony source in the U.S.
- Market Context: The U.S. currently has no operating primary antimony mines, and with antimony classified as a critical mineral, China's control over approximately 90% of global supply poses risks to U.S. defense procurement, making NevGold's discovery a beacon of hope for domestic supply chains.
- Resource Estimation: NevGold is advancing a maiden antimony-gold Mineral Resource Estimate, aiming for potential production by 2027 from already mined and crushed materials, highlighting the project's economic viability and market demand.
- Future Plans: The company plans to initiate a 20,000-meter drilling program in the coming weeks focused on expansion and new discoveries, further solidifying its position in the U.S. antimony market and supporting the upcoming resource estimate.
See More
Nova Minerals CEO to Present at Alaska Sustainable Energy Conference
- Conference Participation: Nova Minerals' CEO Christopher Gerteisen will attend the Alaska Sustainable Energy Conference in Anchorage from May 19-21, 2026, using this platform to strengthen relationships with government and industry leaders as the company advances its Estelle Gold and Critical Minerals Project in Alaska.
- Industry Engagement: The conference features key speakers including U.S. Secretary of the Interior Doug Burgum and Alaska Governor Mike Dunleavy, showcasing Nova's influence in energy security and resource development, thereby enhancing its standing in the industry.
- Project Advancement: Nova is progressing its Estelle Gold and Critical Minerals Project, which hosts multi-million-ounce gold resources and aims to provide a critical domestic supply of antimony, with production targeted for late 2026/2027, reflecting the company's strategic positioning in the critical minerals sector.
- Funding Support: The company has secured a $43.4 million award from the U.S. Department of War to develop a domestic antimony supply chain, which not only provides financial backing for the project but also underscores the government's recognition of its significance for national security.
See More
Nova Minerals Hosts Quarterly Update Webinar for Shareholders
- Quarterly Update Webinar: Nova Minerals is set to host a quarterly update webinar on May 21, 2026, where CEO Christopher Gerteisen will review the company's progress over the past quarter and outline plans for the antimony project, likely attracting significant interest from investors and shareholders.
- Equipment Transport Showcase: The webinar will feature video footage of the substantial mining and processing equipment transported to the Estelle Project during this year's winter freight haul operations, emphasizing the intended use of this equipment to enhance project visibility and investor confidence.
- Exploration Results Review: Gerteisen will review key exploration results from the previous field season, including discoveries at Portage Pass, West Wing, and RPM, which are expected to bolster market confidence in the company's future potential.
- Strategic Restructuring Plans: The company will also discuss the share and warrant scheme documentation related to its proposed redomiciliation to the United States, indicating its strategic positioning and commitment to the U.S. market.
See More
