Nova Minerals Limited Announces Pricing of Public 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), una società di esplorazione di oro e minerali critici, ha annunciato il prezzo della sua offerta pubblica di 1.200.000 American Depository Shares (ADS) a 9,25 $ per ADS, con l'obiettivo di raccogliere circa 11,1 milioni di dollari di proventi lordi.
L'offerta include un'opzione di 45 giorni per gli underwriter di acquistare fino a 120.000 ADS aggiuntive per eventuali sovrallocazioni. Ogni ADS rappresenta 60 azioni ordinarie. I proventi finanzieranno programmi di risorse ed esplorazione, perforazioni, studi di fattibilità e capitale operativo. ThinkEquity è il gestore unico dell'offerta, che si prevede si concluda il 16 luglio 2025.
Nova Minerals (NASDAQ: NVA), una empresa de exploración de oro y minerales críticos, ha anunciado el precio de su oferta pública de 1.200.000 American Depository Shares (ADS) a 9,25 $ por ADS, con el objetivo de recaudar aproximadamente 11,1 millones de dólares en ingresos brutos.
La oferta incluye una opción de 45 días para que los suscriptores compren hasta 120.000 ADS adicionales para sobreasignaciones. Cada ADS representa 60 acciones ordinarias. Los ingresos financiarán programas de recursos y exploración, perforaciones, estudios de viabilidad y capital de trabajo. ThinkEquity actúa como único administrador del libro, y se espera que la oferta cierre el 16 de julio de 2025.
Nova Minerals (NASDAQ: NVA)는 금 및 중요 광물 탐사 회사로, 1,200,000개의 미국 예탁 증서(ADS)를 주당 9.25달러에 공모한다고 발표했으며, 총 약 1,110만 달러의 총 수익을 목표로 하고 있습니다.
이번 공모에는 인수인들이 45일 동안 최대 120,000개의 추가 ADS를 초과 배정 옵션으로 구매할 수 있는 권리가 포함되어 있습니다. 각 ADS는 60개의 보통주를 나타냅니다. 수익금은 자원 및 탐사 프로그램, 시추, 타당성 조사 및 운전자본에 사용될 예정입니다. ThinkEquity가 단독 주관사로 참여하며, 공모 마감일은 2025년 7월 16일로 예상됩니다.
Nova Minerals (NASDAQ : NVA), une société d'exploration d'or et de minéraux critiques, a annoncé le prix de son offre publique de 1 200 000 American Depository Shares (ADS) à 9,25 $ par ADS, visant à lever environ 11,1 millions de dollars de produit brut.
L'offre comprend une option de 45 jours pour les souscripteurs d'acheter jusqu'à 120 000 ADS supplémentaires en cas de surallocation. Chaque ADS représente 60 actions ordinaires. Les fonds serviront à financer des programmes de ressources et d'exploration, des forages, des études de faisabilité et le fonds de roulement. ThinkEquity agit en tant que gestionnaire unique, avec une clôture prévue de l'offre le 16 juillet 2025.
Nova Minerals (NASDAQ: NVA), ein Unternehmen für Gold- und kritische Mineralexploration, hat die Preisfestsetzung seiner öffentlichen Platzierung von 1.200.000 American Depository Shares (ADS) zu 9,25 $ pro ADS bekannt gegeben, mit dem Ziel, rund 11,1 Millionen US-Dollar Bruttoerlös zu erzielen.
Das Angebot beinhaltet eine 45-tägige Option für Underwriter, bis zu 120.000 zusätzliche ADS zur Überzeichnung zu erwerben. Jede ADS repräsentiert 60 Stammaktien. Die Erlöse werden zur Finanzierung von Ressourcen- und Erkundungsprogrammen, Bohrungen, Machbarkeitsstudien und Betriebskapital verwendet. ThinkEquity fungiert als alleiniger Buchführer, und der Abschluss der Platzierung wird für den 16. Juli 2025 erwartet.
- Secured $11.1 million in gross proceeds through ADS offering
- Funds allocated for resource exploration and feasibility studies
- Additional 120,000 ADS over-allotment option available
- Potential dilution for existing shareholders through ADS offering
- Company still in exploration stage with no revenue generation
Insights
Nova Minerals raises $11.1M through ADS offering to fund Alaskan gold project exploration, diluting existing shareholders.
Nova Minerals has priced its underwritten public offering of 1,200,000 American Depository Shares at
The capital raise is specifically earmarked for advancing the company's Estelle Gold and Critical Minerals Project in Alaska through resource development, exploration drilling, feasibility studies, and general working capital needs. This funding mechanism allows Nova to access U.S. capital markets while maintaining its Australian listing.
ThinkEquity is serving as the sole book-running manager for this transaction, which is expected to close on July 16, 2025. The offering creates immediate dilution for existing shareholders but provides necessary capital for Nova's exploration-stage operations. As an exploration company without significant revenue streams, Nova relies on periodic capital raises like this to fund ongoing operations and advance its projects toward potential production.
The timing of this capital raise suggests Nova is capitalizing on current market conditions to secure funding for its Alaska operations, though investors should note the dilutive effect on per-share metrics. The completion of this financing provides Nova with a runway to execute on its exploration and development plans in the near term without immediate additional capital needs.
Melbourne, Australia, July 14, 2025 (GLOBE NEWSWIRE) -- Nova Minerals Limited (“Nova” and the “Company”) (Nasdaq NVA, NVAWW) (ASX: NVA), (OTC: NVAAF)(FSE: QM3)), a gold and critical minerals exploration stage company focused on advancing the Estelle Gold and Critical Minerals Project in Alaska, U.S.A., today announced the pricing of an underwritten public offering of 1,200,000 American Depository Shares (“ADS"), with an ADS-to-ordinary-share ratio of 1 to 60, at a price to the public of
The Company intends to use the proceeds for resource and exploration field programs, including additional drilling and exploration, feasibility studies, and general working capital.
The offering is expected to close on July 16, 2025, subject to satisfaction of customary closing conditions.
ThinkEquity is acting as sole book-running manager for the offering.
A registration statement on Form F-1 (File No. 333-288506) relating to the public offering was filed with the Securities and Exchange Commission (“SEC”) and became effective on July 14 2025. This offering is being made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained from ThinkEquity, 17 State Street, 41st Floor, New York, New York 10004. The final prospectus will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Nova Minerals Limited
Nova Minerals Limited is a Gold, Antimony and Critical Minerals exploration and development company focused on advancing the Estelle Project, comprised of 514 km2 of State of Alaska mining claims, which contains multiple mining complexes across a 35 km long mineralized corridor of over 20 advanced Gold and Antimony prospects, including two already defined multi-million ounce resources, and several drill ready Antimony prospects with massive outcropping stibnite vein systems observed at surface. The
Forward Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” "will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Nova Minerals Limited’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the final prospectus related to the public offering filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Nova Minerals Limited undertakes no duty to update such information except as required under applicable law.
For Additional Information Please Contact
Craig Bentley
Director of Finance & Compliance & Investor Relations
E: craig@novaminerals.com.au
M: +61 414 714 196
FAQ
What is the price of Nova Minerals' (NVA) ADS offering in July 2025?
How much money is Nova Minerals (NVA) raising in its public offering?
What will Nova Minerals use the proceeds from its 2025 public offering for?
When will Nova Minerals' (NVA) public offering close?
Who is the underwriter for Nova Minerals' 2025 public offering?
