U.S. Department of War Awards $43.4M to Alaska Range Resources to Secure Antimony Supply
Nova Minerals' (NASDAQ: NVA) subsidiary Alaska Range Resources has secured a $43.4 million Defense Production Act Title III funding from the U.S. Department of War. The funding aims to develop domestic antimony trisulfide production at the Estelle Gold and Critical Minerals Project in Alaska.
The award will support the development of a fully integrated U.S. antimony supply chain, focusing on extraction, concentration, and refinement of stibnite to produce military-grade antimony trisulfide. This initiative will help meet U.S. defense industrial base demands and support various applications, including semiconductors and energy systems.
La controllata di Nova Minerals, Alaska Range Resources, ha ottenuto un finanziamento di 43,4 milioni di dollari ai sensi della Defense Production Act Title III dal Dipartimento della Guerra degli Stati Uniti. Il finanziamento mira a sviluppare una produzione domestica di trisolfuro di antimonio presso il Progetto Estelle Gold e Critical Minerals in Alaska.
L’assegnazione supporterà lo sviluppo di una catena di approvvigionamento statunitense completamente integrata per l’antimonio, concentrandosi su estrazione, concentrazione e raffinazione della stibnite per produrre antimonio trisolfuro di grado militare. Questa iniziativa aiuterà a soddisfare le esigenze della base industriale della difesa degli Stati Uniti e supporterà diverse applicazioni, tra cui semiconduttori e sistemi energetici.
La subsidiaria de Nova Minerals, Alaska Range Resources (NASDAQ: NVA), ha asegurado una financiación de 43,4 millones de dólares bajo la Defense Production Act Title III del Departamento de Guerra de EE. UU. La financiación tiene como objetivo desarrollar una producción doméstica de trisulfuro de antimonio en el Proyecto Estelle Gold y Critical Minerals en Alaska.
La adjudicación apoyará el desarrollo de una cadena de suministro de antimonio en Estados Unidos completamente integrada, centrándose en la extracción, concentración y refinación de estibnita para producir antimonio trisulfuro de grado militar. Esta iniciativa ayudará a satisfacer las demandas de la base industrial de defensa de EE. UU. y apoyará diversas aplicaciones, incluidas semiconductores y sistemas de energía.
Nova Minerals의 자회사인 Alaska Range Resources가 미국 국방부로부터 Defense Production Act Title III 자금 4,340만 달러를 확보했습니다. 자금은 알래스카의 Estelle Gold 및 Critical Minerals Project에서 국내 안티몬 트리스설파이드 생산을 개발하는 것을 목표로 합니다.
이 상은 미국의 완전한 통합된 안티몬 공급망 개발을 뒷받침하며, 추출, 농축 및 아스비나이트(스티브나이트) 정제에 초점을 맞춰 군사 등급의 안티몬 트리스설파이드를 생산합니다. 이 이니셔티브는 미국 방위 산업 기초의 수요를 충족하고 반도체 및 에너지 시스템을 포함한 다양한 용도를 지원할 것입니다.
La filiale Alaska Range Resources de Nova Minerals (NASDAQ: NVA) a obtenu un financement de 43,4 millions de dollars au titre du Title III de la Defense Production Act du Département américain de la Guerre. Le financement vise à développer une production domestique de trisulfure d’antimoine sur le projet Estelle Gold et Critical Minerals à Alaska.
Cette attribution soutiendra le développement d’une chaîne d’approvisionnement en antimoine entièrement intégrée aux États‑Unis, en se concentrant sur l’extraction, la concentration et le raffinage de la stibnite pour produire du trisulfure d’antimoine de grade militaire. Cette initiative aidera à répondre aux besoins de la base industrielle de défense des États‑Unis et soutiendra diverses applications, notamment les semiconducteurs et les systèmes énergétiques.
Die Tochtergesellschaft Alaska Range Resources von Nova Minerals (NASDAQ: NVA) hat eine Finanzierung in Höhe von 43,4 Mio. USD gemäß dem Defense Production Act Title III vom US-Kriegsministerium erhalten. Die Förderung zielt darauf ab, eine in den USA ansässige Antimontrisulfid-Produktion im Estelle Gold und Critical Minerals Project in Alaska zu entwickeln.
Der Zuschuss soll die Entwicklung einer vollständig integrierten US-Antimon-Lieferkette unterstützen, mit Fokus auf Abbau, Konzentration und Verfeinerung von Stibnit zur Herstellung von militärisch hochwertigem Antimontrisulfid. Diese Initiative wird dazu beitragen, die Anforderungen der US-Verteidigungsindustrie zu erfüllen und verschiedene Anwendungen zu unterstützen, darunter Halbleiter und Energiesysteme.
حصلت شركة Alaska Range Resources، وهي إحدى شركات Nova Minerals المدرجة في بورصة ناسداك (NVA)، على تمويل قدره 43.4 مليون دولار بموجب القسم الثالث من قانون الإنتاج الدفاعي Title III من وزارة الحرب الأمريكية. يهدف التمويل إلى تطوير إنتاج محلي من ثلاثي كبريتيد الأنتيمون ضمن مشروع Estelle Gold والمعادن الحرجة في ألاسكا.
سيدعم المنح تطوير سلسلة توريد أمريكية متكاملة تماماً من الأنتيمون، مع تركيز على الاستخراج والتركيز والتكرير لخشب الأنتيمون ( الستيبنيت) لإنتاج ثلاثي كبريتيد الأنتيمون بدرجة عسكرية. ستساعد هذه المبادرة في تلبية متطلبات قاعدة الصناعة الدفاعية الأمريكية وتدعم تطبيقات متعددة، بما في ذلك أشباه الموصلات وأنظمة الطاقة.
Nova Minerals 的子公司 Alaska Range Resources（纳斯达克股票代码：NVA）已从美国战争部获得 4330万美元 的资助，依据 Defense Production Act Title III。资助旨在阿拉斯加的 Estelle Gold 与 Critical Minerals Project 开发国内的锑三硫化物生产。
该资助将支持美国锑供应链的完全一体化发展，重点在提取、富集和精炼 stibnite 以生产军用级锑三硫化物。这一举措将有助于满足美国防务工业基础的需求，并支持包括半导体与能源系统在内的多种应用。
- Secured significant $43.4M government funding through Defense Production Act
- Strategic partnership with U.S. Department of War enhances project credibility
- Development of domestic antimony supply chain reduces U.S. dependency on foreign sources
- Strong support from Alaska's federal and state leaders
- Project still in early development phase
- Execution and timeline risks associated with establishing new mining operations
Insights
Nova's $43.4M DoW funding for antimony production strengthens U.S. strategic minerals security while diversifying Nova's revenue beyond gold.
The
This award addresses a critical vulnerability in the defense industrial base by establishing a domestic supply chain for antimony, which has been designated a strategic critical mineral. Beyond munitions, antimony compounds are essential in flame retardants, batteries, and semiconductor manufacturing – all crucial for defense and civilian applications.
The funding validation from the Department of War following their technical due diligence provides strong third-party confirmation of the viability and strategic value of Nova's antimony resources at the Estelle Project. This establishes Nova as a key player in the U.S. critical minerals security strategy.
For Nova, this represents a significant diversification beyond its gold focus, potentially transforming the company into a multi-commodity producer with a guaranteed government customer. The development of antimony production capabilities creates a new revenue stream backed by national security priorities, which typically offers more stable demand and potentially favorable contract terms compared to commodity markets.
The political support mentioned from Alaska's senators, congressman, and governor indicates strong bipartisan backing that should help streamline permitting and development processes, potentially accelerating the timeline to production and revenue generation.
Anchorage, Alaska, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Nova Minerals Limited (“Nova” or the “Company”) (NASDAQ: NVA) (ASX: NVA) (FRA: QM3) is pleased to announce that its
The award will enable ARR to accelerate development of a fully integrated U.S. antimony supply chain to extract, concentrate, and refine stibnite to produce military grade antimony trisulfide to assist in meeting the U.S. defense industrial base demands.
Nova CEO, Mr Christopher Gerteisen commented: “We are proud to have ARR partner with the U.S. Department of War to help secure a fully domestic, redundant supply chain for the munitions and other defense products our troops need to keep our nation and allies safe, as well as future supply to the U.S. industrial base for a wide range of traditional and high-tech applications, including semiconductors and energy systems.
This award will fund the initial phase of the Company’s strategy to establish a full spectrum state of the art antimony mining and refining hub based in Alaska to supply refined antimony products to the U.S. industrial base and beyond. After conducting rigorous vetting and technical due diligence of the Estelle Project, ARR is proud to be the recipient of this award, which provides further confidence in the quality of antimony mineralization and highlights the potential scale and scope of future antimony production from the Estelle Project.
The Company appreciates the support and partnership of Alaska's federal and state leaders, particularly Senators Murkowski and Sullivan , Congressman Begich and Governor Dunleavy. The Estelle Project will play a central role in this effort where Alaska will be at the heart of the country’s supply of critical materials, and we look forward to working closely with our local partners from the University of Alaska Fairbanks (UAF) CORE-CM group, the Alaska Department of Natural Resources (ADNR), the Alaska Industrial Development and Export Authority (AIDEA), the Matanuska-Susitna Borough, and Alaska Tribes and Native Corporations to bring Estelle into production”.
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
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
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
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