NVA | Market Cap: $181.2M (07/13/26)
Industry:
Metals & Mining

DESCRIPTION

Nova Minerals is an Australian- and Nasdaq-listed mining exploration and development company whose sole material asset is the Estelle Gold and Critical Minerals Project in Alaska. Nova owns 85% of the Estelle Project, which covers roughly 127,000 acres in the Tintina Gold Belt, approximately 150 km northwest of Anchorage. Nova is pre-revenue and exploration-stage — it generates no income from mining operations. The company's core focus is advancing the Estelle Project toward gold and potentially antimony production. Nova's defined gold resource totals 5.17 Moz Au across four deposits (Korbel Main, Cathedral, RPM North, and RPM South), with Nova's 85% attributable share amounting to 4.41 Moz Au. The high-grade RPM deposits are the focus of near-term feasibility work, with a starter mine targeted for first production as early as 2027. The lower-grade, bulk-tonnage Korbel and Cathedral deposits are amenable to large-scale open pit mining and represent a longer-term, larger-capital development path. Nova also holds high-grade antimony mineralization at its Stibium and Styx prospects, with no resource estimate yet established. Given China's recent export ban on antimony to the U.S. and the absence of any domestic U.S. supply, Nova is pursuing DoD grants to potentially fast-track a standalone antimony-gold operation at Stibium as early as 2026. Nova funds operations entirely through equity raises, having spent approximately A$100M in capitalized exploration to date.

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