Nova Advises of Trading Halt and Shareholder Information About the U.S. Redomicile
Rhea-AI Summary
Nova Minerals (ASX/NASDAQ: NVA) has temporarily halted trading of its ASX and OTC shares, Nasdaq ADSs and listed warrants while completing its redomiciliation to the United States under approved schemes of arrangement.
Redomiciliation is expected to complete on or around 16 June 2026, after which trading in ASX CDIs (NVA) and NYSE American common stock (NVA) and warrants (NVAWW) should resume. Existing holders generally keep the same proportional interest, with holdings exchanged into securities of U.S.-domiciled Nova Minerals Corp. Specific exchange ratios apply for ASX, OTC, ADS and warrant holders, while ineligible foreign and certain small parcel holders will receive sale proceeds instead of CDIs. Nova has also established a new U.S. office in Colorado and plans a new website, www.novamineralscorp.com.
Positive
- Shareholders registered on 9 June 2026 retain the same proportional ownership after redomiciliation
- ASX shareholders receive 1:1 CHESS Depositary Interests that continue to trade under ticker NVA
- OTC shareholders receive NYSE American common stock on a 1:12 basis, with fractional shares rounded up
- Nasdaq ADS holders receive NYSE American common stock on a 1:1 basis
- Nasdaq warrant holders receive NYSE American warrants on a 1:3 basis with equivalent economic rights
- Nova establishes a dedicated U.S. corporate office and new website to support U.S. operations
Negative
- Trading in ASX and OTC shares, Nasdaq ADSs and listed warrants is suspended during the redomiciliation process
- Redomiciliation completion and trading resumption are targeted around 16 June 2026, creating temporary liquidity disruption
- Ineligible foreign shareholders and certain small parcel holders will not receive CDIs but cash proceeds from on-market sales within 90 business days
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 28 | Exploration program update | Positive | +6.3% | Fully funded 2026 exploration and development program at Estelle. |
| May 15 | Investor webinar | Neutral | -6.3% | Quarterly update webinar invitation covering projects and US redomiciliation. |
| May 11 | Logistics milestone | Positive | +0.3% | Completion of 2026 winter freight mobilization to Estelle project site. |
| Apr 29 | Quarterly report | Positive | -2.3% | March 2026 activities report with funding access and no debt. |
| Apr 14 | Discovery update | Positive | +12.9% | Significant new gold anomaly identified at Portage Pass near Korbel. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Most recent news skewed operationally positive, with four of five events followed by modest to strong gains and only one notable divergence on a quarterly report.
Over the past few months, Nova reported several operational milestones at Estelle, including a fully funded 2026 program backed by over US$60 million and a US$43.4 million award, winter freight completion delivering about 1.5 million pounds of supplies, and a significant new gold anomaly at Portage Pass. A March 2026 quarterly report highlighted A$89.4 million in funding and no debt. The current redomicile and trading halt update follows this sequence of funding, development, and strategic positioning steps.
Key Terms
chess depositary interests financial
cdIs financial
warrants financial
record date financial
implementation date financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Anchorage Alaska, June 05, 2026 (GLOBE NEWSWIRE) -- Nova Minerals Limited (“Nova” or the “Company”) (NASDAQ: NVA) (ASX: NVA) (FRA: QM3) ) is pleased to provide shareholders with an update on its redomiciliation to the United States and answers to key questions regarding the transition.
Following orders issued by the Supreme Court of New South Wales and the schemes of arrangement becoming effective on 3 June 2026, the Company has suspended trading of its ordinary shares on the ASX and OTC markets, as well as its ADSs and listed warrants on Nasdaq.
Why is Nova Minerals currently in a trading halt and when will trading resume?
The trading suspension has been implemented to allow the Company sufficient time to complete the various steps required under the schemes and finalize its redomiciliation to the United States. The redomiciliation process is expected to be completed on or around 16 June 2026, following which trading of Nova Minerals Corp’s ASX-listed CHESS Depositary Interests (CDIs) under the ticker code “NVA”, and its NYSE American-listed common stock and listed warrants under the ticker codes “NVA” and “NVAWW”, respectively, is expected to resume shortly thereafter.
What does the implementation of the schemes mean for my Nova Minerals holdings?
Following implementation of the schemes, all securityholders (other than Ineligible Foreign Shareholders and non-electing Small Parcel Holders as defined in the scheme booklet), registered as at the record date of 9 June 2026 will retain the same proportional ownership interest; however, their holdings will be exchanged for securities in the newly established U.S.-domiciled parent company, Nova Minerals Corp.
ASX Share Holders
Shareholders who held Nova Minerals shares listed on the ASX will have their shares exchanged on a one-for-one basis for ASX-listed CHESS Depositary Interests (CDIs) in Nova Minerals Corp. These CDIs carry equivalent voting rights and will continue to trade on the ASX under the existing ticker code “NVA”.
CDI holders may elect to convert their holdings into NYSE-listed common stock of Nova Minerals Corp on the basis of one common share for every 12 CDIs held by contacting Computershare Australia and completing the required conversion process.
OTC Share Holders
Shareholders who held Nova Minerals shares on the OTC market will have their holdings exchanged on a one-for-twelve basis for NYSE American-listed common stock of Nova Minerals Corp, with any fractional entitlements rounded up to the nearest whole share. The common stock will trade on the NYSE American under the ticker code “NVA”.
Nasdaq ADS Holders
Holders of Nova Minerals ADSs listed on Nasdaq will have their ADSs exchanged on a one-for-one basis for NYSE American-listed common stock of Nova Minerals Corp. The common stock will trade on the NYSE American under the ticker code “NVA”.
Nasdaq Listed Warrant Holders
Holders of Nova Minerals listed warrants on Nasdaq will have their warrants exchanged on a one-for-three basis for NYSE American-listed warrants of Nova Minerals Corp. These warrants will continue to provide equivalent economic rights and will trade on the NYSE American under the ticker code “NVAWW”.
Ineligible Foreign Shareholders and Non-Electing Small Parcel Holders
Shareholders who held ASX-listed shares with a value of less than A
Instead, the CDIs to which they would otherwise have been entitled will be sold on-market by a sale agent within 90 business days of the Implementation Date. The net proceeds from those sales, after deduction of any applicable taxes, will be distributed to eligible holders on a pro rata basis.
Nova Minerals US Contact Details
As a U.S.-domiciled company, Nova Minerals Corp has established a corporate office in the United States to support its growing U.S. shareholder base and corporate operations.
Address: Nova Minerals Corp
Suite 300E, 6312 South Fiddlers Green Circle
Green Wood Village
Colorado 80111
USA
Phone: (720) 550 4223
New Website Address
As part of the Company's redomiciliation to the United States, Nova Minerals Corp will adopt a new corporate website address, www.novamineralscorp.com, which is expected to go live in the coming weeks.
About Nova Minerals Limited
Nova Minerals Limited is advancing one of the world’s largest undeveloped gold deposits into production and securing a US domestic supply of the critical mineral antimony. The Company is focused on the exploration and development of the Estelle Gold and Critical Minerals Project, located in Alaska, a tier-one mining jurisdiction.
Estelle hosts two defined multi-million-ounce gold resources, and more than 20 prospects distributed along a 35-kilometre mineralized trend, in the prolific Tintina Gold Belt, a province which hosts a >220 million ounce (Moz) documented gold endowment and some of the world's largest gold mines and discoveries including, Kinross Gold Corporation's Fort Knox Gold Mine. In parallel, Nova is advancing its critical minerals strategy, fully-funded by a US
Further discussion and analysis of the Estelle Project is available through the interactive Vrify 3D animations, presentations, and videos, all available on the Company’s website. www.novaminerals.com.au and soon to be www.novamineralscorp.com/
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
Investor Relations:
Dave Gentry, CEO
RedChip Companies, Inc.
Phone: 1-407-644-4256
Email: NVA@redchip.com
Nova Minerals:
Craig Bentley
Director of Finance & Compliance & Investor Relations
E: craig@novaminerals.com.au
M: +61 414 714 196
