Nova wins $43.4M Pentagon award to build antimony hub, shares skyrocket

A drill rig at Nova Minerals’ Estelle property in Alaska. Credit: Nova Minerals Nova Minerals (NASDAQ, ASX: NVA) has been awarded $43.4 million by the US Department of War (DoW) to support the production of antimony trisulfide at its Estelle project in Alaska. Shares of the Australian miner skyrocketed on the news.The DoW funding, provided under Defense Production Act Title III, will go towards Nova’s US-based subsidiary Alaska Range Resources, which holds an 85% interest in the Estelle project.Located 150 ...