Core Viewpoint - Nova Minerals Limited plans to undergo a corporate reorganization, including redomiciliation to the United States, following the loss of its foreign private issuer status effective July 1, 2026. This move aims to enhance access to U.S. capital markets and facilitate the acquisition of the remaining 15% interest in the Estelle Gold and Critical Minerals Project [1][2][5][8]. Group 1: Redomiciliation and Corporate Reorganization - Nova will cease to qualify as a foreign private issuer due to the majority of its shares being held by U.S. investors as of December 31, 2025, necessitating compliance with U.S. securities laws from July 1, 2026 [2][8]. - The Board proposes redomiciliation to the United States to minimize conflicts between ASX listing requirements and U.S. domestic issuer obligations, which could complicate trading [3][9]. - The company expects to retain its dual ASX and Nasdaq listings under the same ticker codes, with ASX shareholders receiving CHESS Depositary Interests and Nasdaq ADS holders receiving shares of common stock in the new U.S. domiciled company [4][11]. Group 2: Financial and Operational Implications - The redomiciliation is anticipated to improve access to lower-cost U.S. equity capital, increase appeal to a broader U.S. investor base, and enhance opportunities for grants and funding from the U.S. government [5][10][17]. - Nova intends to acquire the remaining 15% interest in the Estelle Project, which will provide full ownership and support the project's progression to construction and production [6][14]. - The acquisition process will be managed with appropriate governance and conflict procedures, including consideration by independent directors [15]. Group 3: Leadership Changes - Mr. Michael Melamed has provided three months' notice of his resignation as CFO, effective April 30, 2026, to facilitate the appointment of a U.S.-based CFO with mining sector and U.S. GAAP experience [7][19]. - The company has arrangements in place to ensure continuity of financial oversight and reporting during the transition [20].

Core Viewpoint - The Government of Canada has approved the acquisition of NuVista Energy Ltd. by Ovintiv Inc., which is expected to close around February 3, 2026, following the approval from NuVista shareholders and clearance under the Competition Act [1][2]. Group 1: Transaction Approval - The acquisition has received clearance under the Competition Act (Canada) and the Final Order from the Court of King's Bench of Alberta [2]. - NuVista shareholders approved the transaction on January 23, 2026 [2]. - The expected closing date for the transaction is around February 3, 2026, pending customary closing conditions [2]. Group 2: Regulatory Compliance - The transaction complies with the terms of the Investment Canada Act [1]. - The approval from the Government of Canada is a significant step in the completion of the acquisition [1].

Core Viewpoint - Nova Minerals Limited has secured US$43.4 million in non-dilutive funding from the U.S. Department of War to develop a domestic antimony supply chain, which will enhance its position as a U.S. producer of military-grade antimony and support its gold exploration activities in Alaska [3][10][29]. Funding and Financial Position - The US$43.4 million funding will fully finance the establishment of antimony production at the Estelle Project, significantly strengthening the company's balance sheet [10]. - As of the end of December 2025, the company had access to over A$106 million in funding, including A$59.2 million in cash and US$30.4 million remaining from the Department of War award [25]. Antimony Production Initiatives - The company is progressing with the procurement of key mining and processing equipment for antimony production, with delivery expected in early 2026 [4][17]. - Nova has secured industrial-zoned land and is advancing permitting for a proposed antimony refinery at Port Mackenzie, targeting first production by late 2026 to early 2027 [4][13]. Gold Asset Development - Nova is advancing one of the largest undeveloped gold deposits globally, with over 20 prospects and four defined multi-million-ounce gold deposits [5][29]. - The 2025 drilling program at RPM North and RPM Valley has been completed, with results expected to support an updated Mineral Resource Estimate [6][7]. Drilling Results - Drilling at RPM North revealed broad near-surface gold intersections, including a significant new eastern discovery, while RPM Valley returned multiple intercepts greater than 1 g/t Au, confirming continuity of mineralization [7][8]. - Additional drill results will be incorporated into an updated Mineral Resource Estimate following quality assurance and control procedures [9]. Infrastructure Development - Nova secured a land use permit for an antimony refinery at Port MacKenzie, which supports the development of a U.S. critical minerals hub [15][16]. - The proposed refinery site is strategically aligned with ongoing regional development projects, enhancing the potential for rapid development [16]. Corporate Actions - In October 2025, the company completed a 5-for-1 forward split of its Nasdaq-listed American Depository Shares to enhance trading liquidity [25]. - A capital raise in December 2025 generated approximately US$20 million to support exploration and feasibility work [25].

Core Viewpoint - NuVista Energy Ltd. and Ovintiv Inc. have successfully completed a special meeting where NuVista Shareholders overwhelmingly approved a plan of arrangement involving both companies, with approximately 99% of votes in favor of the transaction [1]. Group 1: Transaction Approval - The Court of King's Bench of Alberta granted the Final Order for the transaction, which is expected to close shortly after receiving approval under the Investment Canada Act [2]. - The transaction involves NuVista Shareholders electing their preferred form of consideration, with a deadline set for January 21, 2026 [3]. Group 2: Consideration Options - NuVista Shareholders had the option to elect to receive: 1. $18.00 (CAD) in cash per NuVista Share (Cash Consideration) 2. 0.344 of an Ovintiv Share per NuVista Share (Share Consideration) 3. A combination of Cash and Share Consideration, subject to a maximum aggregate Cash Consideration of approximately $1.57 billion (CAD) and a maximum aggregate Share Consideration of approximately 30.1 million Ovintiv Shares [4]. - Shareholders who did not make a valid election were deemed to have elected to receive 50% Cash Consideration and 50% Share Consideration [4]. Group 3: Preliminary Election Results - Preliminary results indicate that: 1. Shareholders electing Cash Consideration will receive 100% in cash 2. Shareholders electing Share Consideration will receive approximately 58% in shares and 42% in cash 3. Shareholders who did not make a valid election will receive approximately 71% in cash and 29% in shares [8].

Core Viewpoint - NuVista Energy Ltd. and Ovintiv Inc. have successfully obtained shareholder approval for a planned arrangement, with approximately 99% of NuVista shareholders voting in favor of the transaction [1][2]. Group 1: Transaction Approval - The special resolution approving the transaction was passed at NuVista's special meeting, with about 99% of votes cast in favor [1]. - The Court of King's Bench of Alberta granted the Final Order for the transaction, which is expected to close shortly after receiving approval under the Investment Canada Act [2]. Group 2: Shareholder Elections - NuVista shareholders had the option to elect to receive either $18.00 (CAD) in cash, 0.344 of an Ovintiv share, or a combination of both, with a maximum aggregate cash consideration of approximately $1.57 billion (CAD) and a maximum of about 30.1 million Ovintiv shares [4]. - Preliminary results indicate that shareholders who elected for cash will receive 100% cash, those who chose shares will receive approximately 58% in shares and 42% in cash, while those who did not make a valid election will receive approximately 71% cash and 29% shares [5][6].

Anchorage Alaska, Jan. 21, 2026 (GLOBE NEWSWIRE) -- Nova Minerals Limited (“Nova” or the “Company”) (NASDAQ: NVA) (ASX: NVA) (FRA: QM3) ) is pleased to announce shallow reverse circulation drilling results within a proposed starter pit at the Korbel Main Deposit within the Company's flagship Estelle Gold and Critical Minerals Project (Estelle or the Project), located in the prolific Tintina Gold Belt in Alaska. Highlights 2025 shallow RC drilling defines a near-surface higher-grade core at the bulk-tonnage ...

Core Insights - Nova Minerals Limited announced significant drill results from the RPM Valley deposit, highlighting multiple broad intercepts greater than 1 g/t Au, including a record intercept of 0.5 m at 364 g/t Au [1][4][7] Drill Results - The highest-grade intercept to date at RPM Valley is 0.5 m at 364 g/t Au from 101 m, with visible gold observed [7][9] - Broad gold intersections include: - 65 m at 3.6 g/t Au from 83 m, including 36 m at 5.5 g/t Au from 91 m - 155 m at 0.9 g/t Au from 71 m, including 94 m at 1.3 g/t Au from 126 m - 172 m at 0.8 g/t Au from 352 m, including 60 m at 1.2 g/t Au from 424 m [7][12][27] Mineralization Continuity - The results confirm the continuity of mineralization at RPM Valley, with mineralization remaining open in multiple directions and at depth [5][9] - The glacial till mineralized zone is at least 30 m thick, with a surface anomaly of approximately 1.7 km long and 200 m wide, indicating a priority target for further exploration [6][31] Future Plans - Nova plans to conduct follow-up work with improved sampling methods to better assess the glacial till and its potential for heap leach recovery [6][31] - Ongoing pre-feasibility studies include metallurgical test work and mining studies, with an updated Mineral Resource Estimate expected to incorporate results from the 2023-2025 drill programs [5][47] Project Overview - The Estelle Project, located in the Tintina Gold Belt, encompasses 514 km of mining claims and contains multiple advanced gold and antimony prospects, with significant historical gold endowment [48]

Core Viewpoint - NuVista Energy Ltd. has received positive recommendations from independent proxy advisory firms, including Institutional Shareholder Services (ISS), for shareholders to vote in favor of a special resolution regarding a proposed arrangement with Ovintiv Inc. [1][3] Arrangement Details - Under the proposed arrangement, NuVista shareholders can choose to receive: (i) C$18.00 in cash per share, (ii) 0.344 of an Ovintiv share per NuVista share, or (iii) a combination of cash and shares, subject to rounding and proration [2][11]. - Shareholders who do not submit their election by the deadline will automatically receive a combination of cash and shares for 50% of their holdings [12]. Proxy Advisory Recommendations - ISS praised the sales process and negotiations that led to increased consideration, highlighting that the valuation exceeds historical market prices over the last 15 years [3]. - The endorsement from ISS is seen as a validation of the transaction's potential to create value for NuVista shareholders [5]. Meeting and Voting Information - The special meeting for NuVista shareholders is scheduled for January 23, 2026, at 8:00 a.m. Calgary time, where the arrangement will be voted on [1][5]. - Shareholders are encouraged to vote before the proxy voting deadline of January 21, 2026, at 8:00 a.m. Calgary time [5][7]. Voting Process - Registered shareholders can vote by mail, in person, or online, while beneficial shareholders should follow instructions from their intermediaries [6][8]. - A Letter of Transmittal and Election Form must be completed by registered shareholders to receive their entitled consideration under the arrangement [13]. Company Overview - NuVista is an oil and natural gas company focused on the exploration and production of reserves in Alberta, particularly in the Montney formation [14]. - The company's shares are traded on the TSX under the symbol NVA [14].

Core Insights - Nova Minerals Limited announced promising near-surface gold results from its RPM North deposit, part of the Estelle Gold and Critical Minerals Project in Alaska, indicating strong potential for resource expansion [1][2][3] Group 1: Drilling Results - The 2025 drilling program at RPM North included seven diamond core holes, confirming the continuity of mineralization and identifying an eastern extension that could significantly increase resources [4][5] - Significant drill results include: - 180m @ 0.7 g/t Au from 4m, with highlights of 108m @ 1.1 g/t Au and 27m @ 2.5 g/t Au [5] - 162m @ 1.0 g/t Au from 3m, including 54m @ 1.6 g/t Au [5] - 167m @ 0.7 g/t Au from 187m, with 123m @ 0.9 g/t Au [5] - Hole RPM-080 reported a high-grade intersection of 19.7 g/t Au from 15.2m to 17.6m, showcasing the potential for high-grade mineralization [4][5] Group 2: Future Plans and Studies - The company plans to continue exploration in 2026 to identify additional mineralization and will incorporate the latest results into an updated resource estimate for the upcoming Feasibility Study (FS) [3][5] - Ongoing technical studies and optimization work aim to advance the project towards commercial production, with various consulting firms engaged in metallurgical and mining studies [4][5][29] Group 3: Project Overview - The Estelle Project encompasses 514 km of mining claims in Alaska's Tintina Gold Belt, known for its significant gold and antimony resources, with multiple advanced prospects and two defined multi-million ounce resources [32] - The project is strategically located near major gold mines, enhancing its potential for future development [32]

Core Viewpoint - Nova Minerals has downplayed reports of purchasing antimony from Pakistan for testing and processing in Alaska, despite a partnership for exploration being mentioned in the media [1][2][3] Group 1: Antimony Exploration and Partnership - Nova Minerals is reportedly in discussions with a Pakistani company to explore antimony, with plans to purchase over 100 tonnes of antimony concentrates for approximately $2 million in early 2026 [2] - The company clarified that the discussions are still in the "exploratory" phase and only "preliminary discussions" have taken place [3] Group 2: Market Reaction - Following the news of the potential partnership, shares of Nova Minerals increased by over 6%, raising its market capitalization to nearly $396 million [3] Group 3: Focus on Gold Assets - Nova's primary focus for the year is to complete a feasibility study for its gold assets in Alaska, particularly the Estelle project, which spans over 500 km² in the Tintina Gold Belt [4] - The Estelle project has identified up to 20 prospects, including four significant gold deposits, with a total resource of nearly 10 million ounces, making it one of the largest undeveloped gold projects globally [5] Group 4: Antimony Production Plans - Nova Minerals plans to initiate the production of military-grade antimony trisulfide, as the US has not produced antimony commercially since 2016 and relies on imports [7] - The US Department of War provided $43.4 million in funding to support Nova's antimony production plans under the Defense Production Act [7]