Nova Minerals Stock Price, News & Analysis

Nova Minerals (NASDAQ: NVA) was asked by Australian Ambassador Kevin Rudd to brief on its Estelle Gold and Critical Minerals Project ahead of the October 20, 2025 meeting between Prime Minister Anthony Albanese and U.S. President Donald Trump.

Key facts: Nova received a US$43.4 million award from the U.S. Department of War to accelerate an integrated U.S. antimony supply chain, aims for military-spec antimony by 2026/27, and holds a 42.81-acre land use permit for a planned Port MacKenzie antimony refinery. Estelle spans 514 km² in Alaska with multi-million ounce gold resources and multiple drill-ready antimony prospects.

Nova Minerals (NASDAQ: NVA) secured a land use permit for 42.81 acres at Port MacKenzie, Alaska, to host a proposed antimony refinery and advance a U.S. critical minerals hub.

The company cites a US$43.4 million award from the U.S. Department of War and is targeting first military-spec antimony output within 24 months (2026/27). Nova is negotiating additional federal funding, pursuing offtake deals, and proposes to produce Sb2S3, Sb2O3 and antimony metal leveraging Port MacKenzie deep-draft port infrastructure.

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.

Nova Minerals (NASDAQ: NVA) has announced a strategic investment in Adelong Gold Limited (ASX: ADG), acquiring a 7.8% stake in the gold-antimony focused company. The investment includes 200 million shares at A$0.005 per share, totaling A$1 million, plus 200 million listed options.

The deal grants Nova first right of refusal on antimony offtake agreements and board representation through Mr. Louie Simens. Adelong's Lauriston prospect has shown promising results, including historical production of 233,000 ounces at 20.7 g/t gold and recent drilling yields of 8m @ 104 g/t Au.

Nova confirms this investment won't impact development at its flagship Estelle Gold and Critical Minerals Project, where updates on drilling results and mineral resource estimates are expected soon.

Nova Minerals (NASDAQ: NVA) received a significant boost as U.S. Senator Lisa Murkowski visited their Estelle Gold and Critical Minerals Project in Alaska. The project has been independently identified as one of only nine projects globally, and one of two in the U.S., with near-term antimony production capability.

The visit highlights the project's strategic importance in strengthening U.S. domestic mineral production, particularly for antimony, a critical mineral essential for military applications. The company has already accumulated surface stibnite stockpiles that could potentially produce antimony trisulfide for U.S. strategic purposes, though further concentration is needed to meet military specifications.

The project has garnered broad-based support from key officials, including Alaska Governor Mike Dunleavy and Australian Consul General Tanya Bennett, aligning with recent Presidential executive orders aimed at boosting domestic mineral production.

Nova Minerals (NASDAQ: NVA) has received significant governmental support for its Estelle Gold and Critical Minerals Project from both U.S. and Australian officials. Alaska State Governor Mike Dunleavy and Australian Consular-General Tanya Bennett have expressed strong backing for the project, highlighting its strategic importance in critical minerals and resource development.

The project aligns with key infrastructure developments including the West Susitna Access Road, Port MacKenzie upgrades, and Alaska LNG initiatives. Nova's CEO Christopher Gerteisen emphasized that Estelle is emerging as a strategic mineralized district, particularly notable as one of only nine global projects with near-term antimony production potential. The company is pursuing potential non-dilutive funding through its membership in the Defense Industrial Base Consortium.

Nova Minerals (NASDAQ: NVA) has announced significant results from its Styx antimony ore sorting test work program at the Estelle Project in Alaska. The test work demonstrated that a single pass yielded 60.3% antimony recovery in 26.1% of the mass, achieving a grade of 35.2% Sb (49.1% Sb2S3) - representing a 2.3x upgrade from the feed grade.

The test results also showed beneficial gold rejection to the antimony ore sorting tail, with 52.5% gold recovery and grade improvement from 1.90 g/t Au to 2.99 g/t Au, indicating strong potential for synergy between antimony and gold processing circuits. The company aims to establish a U.S. domestic supply chain for antimony in Alaska, addressing Western defense supply chain pressures.

Nova Minerals (NASDAQ: NVA) has reported exceptional metallurgical test results from its RPM gold deposit, demonstrating significant breakthroughs in gold recovery methods. The company has developed a multi-pronged processing approach combining three key technologies:

1. Ore sorting technology successfully upgraded 1.32 g/t Au material to 5.72 g/t Au - a 4.33x increase in a single pass
2. Heap leaching achieved up to 68.7% gold recovery from lower-grade ore
3. CIP/CIL circuit processing for high-grade ore above 2 g/t Au

The company is conducting additional optimization work including High Pressure Grinding Rolls (HPGR) crushing tests to further enhance the flowsheet efficiency for the Pre-Feasibility Study (PFS).

Nova Minerals (NASDAQ: NVA) has commenced a significant 15,000m drill program at its Estelle Gold and Critical Minerals Project in Alaska. The program focuses on three key areas: 10,000m at RPM deposit, 2,000m at Korbel Main, and 3,000m at Stibium prospect for gold and antimony resources.

The company's U.S. Department of Defense grant application for antimony development is in final stages. Nova ended Q2 2025 with A$9.08 million in cash and subsequently raised US$12.1 million in July 2025. Notable quarterly expenses included A$1.9M for exploration, A$432k for administration, and A$797k for professional fees.

The company appointed Chaim Berger as Independent Non-Executive Director effective July 1, 2025, strengthening its corporate governance.