NOVA MINERALS LTD Stock Price, News & Analysis

Nova Minerals (NASDAQ: NVA) has commenced its 2025 drilling program at the high-grade RPM deposit in Alaska, operating with two diamond drill rigs and one reverse circulation (RC) rig during all daylight hours. The drilling program focuses on the RPM North and RPM Valley zones, with initial geological observations showing promising characteristics.

The RC rig has successfully penetrated 30 meters of glacial till in just hours, while significant resource potential exists in the valley-fill material with a >1g/t gold-in-soil anomaly extending over 1.7km and estimated mineralized thickness of nearly 40 meters. Additional drilling is ongoing at the Stibium antimony-gold prospect, while the company awaits a potential U.S. Department of Defense grant update for its Antimony Project.

Nova Minerals (NASDAQ: NVA), a gold and critical minerals exploration company, has successfully completed its underwritten public offering of 1,200,000 American Depositary Shares (ADS) at $9.25 per ADS, with each ADS representing 60 ordinary shares.

The proceeds will fund resource and exploration field programs, including drilling and exploration activities, feasibility studies, and general working capital at the company's Estelle Gold Project in Alaska. ThinkEquity served as the sole book-running manager for the offering, which was conducted through an SEC-registered Form F-1 that became effective on July 14, 2025.

["Successful completion of public offering to raise capital", "Funds secured for exploration and development activities at Estelle Gold Project", "Expanded access to U.S. capital markets through ADS offering"]

Nova Minerals (NASDAQ: NVA), a gold and critical minerals exploration company, has announced the pricing of its public offering of 1,200,000 American Depository Shares (ADS) at $9.25 per ADS, aiming to raise approximately $11.1 million in gross proceeds.

The offering includes a 45-day option for underwriters to purchase up to 120,000 additional ADSs for over-allotments. Each ADS represents 60 ordinary shares. The proceeds will fund resource and exploration programs, drilling, feasibility studies, and working capital. ThinkEquity serves as the sole book-running manager, with the offering expected to close on July 16, 2025.

Nova Minerals (NASDAQ: NVA), a gold, antimony, and critical minerals exploration company, has filed a Form F-1 registration statement with the SEC for a secondary public offering of American Depositary Shares (ADSs). Each ADS will represent 60 ordinary shares, with an assumed price of $12.56 per ADS based on June 30, 2025 trading.

ThinkEquity will serve as the sole book-running manager for the offering. The proceeds will fund resource and exploration programs, including drilling, feasibility studies, and working capital. The offering will comply with ASX listing rules 7.1 and 7.1A, with Nova's shares continuing to trade on ASX, OTC Pink, Frankfurt Exchange, and Nasdaq.

Nova Minerals (NASDAQ: NVA) has announced the appointment of Chaim (Dovi) Berger as an Independent Non-Executive Director, effective July 1, 2025. Mr. Berger brings over 10 years of experience in finance and legal matters, with expertise in corporate law, accounting, taxation, and M&A.

As a U.S.-based executive, qualified attorney, and CPA, Berger will serve on both the Audit & Risk Committee and the Remuneration & Nomination Committee. His appointment strengthens Nova's leadership with his proven track record in strategic acquisitions, regulatory compliance, and financial controls implementation.

Nova Minerals has initiated drilling operations at its Stibium prospect, targeting both gold and antimony mineralization. A 3,000m maiden diamond drill program is underway, with surface sampling revealing significant mineralization over an 800m by 400m area. Notable sample results include up to 60.5% Sb and 141 g/t Au. The company is deploying additional drilling capacity, with a second diamond rig and RC rig scheduled to begin later in June. Nova is pursuing U.S. Department of Defense funding to accelerate antimony production, including plans for a processing hub at Port Mackenzie, Alaska. If successful, the company aims to expand drilling operations, develop metallurgical facilities, engage with offtake partners, and hire antimony refining expertise. The broader 2025 drilling program focuses on RPM, Korbel, and Stibium prospects, with flexibility to adjust based on results.

Nova Minerals has announced its 2025 exploration program at the Estelle Project in Alaska, featuring a 15,000-meter drilling campaign. The program will focus on three key areas: RPM (10,000m), Stibium (3,000m), and Korbel (2,000m). Preparations are underway with helicopters, crews, and equipment already on site. The campaign aims to advance RPM and Korbel deposits toward feasibility and permitting while establishing a maiden resource at Stibium for both gold and antimony. The company has applied for U.S. Department of Defense funding to potentially expand drilling operations. The program includes comprehensive surface sampling across the broader project area, with up to 40 people to be housed at the operational camp. Nova will utilize two diamond drill rigs and one company-owned RC rig, operating continuously during the Alaskan summer's 24-hour daylight.

Nova Minerals (NVA) has reported significant exploration results from its Estelle Gold and Critical Minerals Project in Alaska for Q1 2025. The company discovered high-grade gold samples at multiple locations: up to 360 g/t Au at Wombat, 52.3 g/t Au in the RPM Regional area, and the RPM glacial debris lobe averaging 1.1 g/t Au over 1.7km.

At the Stibium prospect, extensive gold and antimony mineralization was identified with rock samples grading up to 141 g/t Au and 56.7% Sb across an 800m by 400m zone. The company is advancing U.S. grant applications for antimony development.

Financially, Nova ended March 2025 with A$13.076 million in cash and no debt after Nebari Gold Fund converted its loan to shares. Notable cash flows included A$10.5M from Snow Lake shares sale and A$1.5M from U.S. Nasdaq warrant exercises. The company continues to progress PFS studies, including metallurgical and environmental test work.

Nova Minerals (NVA) announces two upcoming investor webinars hosted by Redchip Companies and the Emerging Growth Conference. CEO Christopher Gerteisen will present the latest developments from the company's Estelle Gold and Critical Minerals Project in Alaska, highlighting:

• The project's status as one of North America's largest undeveloped gold assets with a multi-million-ounce resource
• Fast-track production strategy for the high-grade RPM deposit
• Updates on feasibility studies, permitting, and infrastructure development
• Progress on the high-grade Stibium antimony prospect, positioning Nova as a potential key U.S. supplier of this critical defense mineral

Both webinars will include Q&A sessions, with archived webcasts available on Nova's website afterward.