Nova Minerals Limited Announces Closing of Public Offering
Nova Minerals Limited has successfully closed an underwritten public offering, raising around $20 million. The company sold 2,928,300 American Depositary Shares (ADSs) at $6.83 each. ThinkEquity led the process as the sole book-running manager and coordinator for investors.
The offering included an option for underwriters to buy an extra 439,245 ADSs to cover over-allotments. All securities were sold under a prospectus supplement filed with the U.S. Securities and Exchange Commission (SEC). Investors seeking further details can contact Dave Gentry, CEO of RedChip Companies, Inc., or Craig Bentley, Nova’s Director of Finance, Compliance, and Investor Relations.
Nova Minerals focuses on exploring and developing gold, antimony, and critical minerals. Its flagship Estelle Project in Alaska spans 514 km² and holds multiple mining complexes with significant gold resources and antimony prospects. The funds raised will support ongoing work at Estelle, including drilling, feasibility studies, and camp expansion. A portion will also go toward general corporate needs.
The capital raise strengthens Nova Minerals’ ability to advance its Estelle Project. Proceeds will directly fund exploration, development, and operational growth. The company continues to target gold and antimony opportunities in Alaska.
