Core Viewpoint - Nova Minerals Limited's U.S. subsidiary, Alaska Range Resources, LLC, has been awarded US$43.4 million in funding to produce antimony trisulfide, enhancing the U.S. defense supply chain [1][2][4]. Group 1: Funding and Project Development - The funding will accelerate the development of a fully integrated U.S. antimony supply chain to produce military-grade antimony trisulfide [2]. - This award will support the initial phase of establishing a state-of-the-art antimony mining and refining hub in Alaska [4]. Group 2: Strategic Importance - The project aims to secure a domestic supply chain for munitions and other defense products, contributing to national security [3]. - The Estelle Project is positioned to play a central role in supplying critical materials, with support from various local and state leaders [5]. Group 3: Project Overview - The Estelle Project encompasses 514 km of mining claims in Alaska, featuring multiple advanced gold and antimony prospects [6]. - The project is located in the Tintina Gold Belt, known for its significant gold and antimony deposits, and historical production [6].
U.S. Department of War Awards $43.4M to Alaska Range Resources to Secure Antimony Supply