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Nova Minerals Limited (ASX:NVA)

ALERT: Price-sensitive ASX Announcement for NVA
Current share price for NVA : $0.560 -0.47 (-45.63%)+
Announcement
Release
19 Dec 2025 11:01AM
Price at Release
$1.030
Full Release
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Summary
Nova Minerals Limited announced the pricing of an underwritten public offering of 2,928,300 American Depository Shares (ADS) at a price of US$6.83 per ADS, for gross proceeds of approximately US$20 million. The offering, set to close on December 22, 2025, includes a 45-day option for underwriters to purchase additional ADSs. The proceeds are intended for exploration and development activities at the Estelle Project in Alaska, as well as general corporate purposes. The shares will be issued under ASX Listing Rules, with ThinkEquity as the sole book-running manager. The securities will be sold through a prospectus supplement filed with the SEC.
Key Points
  • Nova Minerals Limited announced pricing of a US$20 million NASDAQ offering.
  • The offering includes 2,928,300 American Depository Shares (ADS) at US$6.83 per ADS.
  • Gross proceeds from the offering are approximately US$20 million.
  • The company has granted underwriters a 45-day option to purchase up to an additional 439,245 ADSs.
  • Proceeds will fund exploration and development activities at the Estelle Project.
  • The offering is expected to close on December 22, 2025.
  • Shares will be issued using the company's available placement capacity under ASX Listing Rules.
  • ThinkEquity is the sole book-running manager for the offering.
  • The securities will be offered pursuant to a prospectus supplement to the company’s shelf registration statement on Form F-3 filed with the SEC.
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.