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Nova Minerals Limited (ASX:NVA)

ALERT: Price-sensitive ASX Announcement for NVA
Current share price for NVA : $0.585 -0.7 (-54.47%)+
Announcement
Release
27 Jan 2026 8:54AM
Price at Release
$1.285
Full Release
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Summary
Nova Minerals Limited reported receiving a significant non-dilutive funding of US$43.4 million from the U.S. Department of War to establish a domestic antimony supply chain, contributing to their strategy of becoming a fully integrated antimony producer in the U.S. The quarter saw advancements in gold asset development at the Estelle Project, with promising drilling results that may increase measured and indicated mineral resources. The company maintains a strong financial position with access to over A$106 million and continued progress in procurement and infrastructure development for antimony production. A pre-feasibility study on Estelle's gold assets is ongoing, supporting future development pathways. Cash and cash equivalents at the end of the quarter were A$59.176 million.
Key Points
  • Nova Minerals received US$43.4 million non-dilutive funding from the U.S. Department of War for antimony production.
  • Significant progress made towards becoming a fully integrated U.S. antimony producer.
  • Gold drilling program completed at Estelle Project with promising results.
  • Strong corporate and funding position with access to over A$106 million at quarter end.
  • Procurement of critical mining and processing equipment underway.
  • Land secured for an antimony refinery at Port MacKenzie.
  • Ongoing pre-feasibility study for Estelle's gold assets.
  • Cash and cash equivalents at the end of the quarter were A$59.176 million.
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.