Core Viewpoint - Nova Minerals Limited has announced a public offering of 2,928,300 American Depositary Shares (ADS) priced at $6.83 per ADS, aiming to raise approximately $20 million for its Estelle Gold and Critical Minerals Project in Alaska [1][2]. Group 1: Offering Details - The ADS-to-ordinary-share ratio is set at 1 to 12, and the offering includes a 45-day option for underwriters to purchase an additional 439,245 ADSs for over-allotments [1]. - The offering is expected to close on December 22, 2025, pending customary closing conditions [2]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated to exploration and development activities at the Estelle Project, including drilling, feasibility studies, environmental studies, camp expansion, and general corporate purposes [2]. Group 3: Company Overview - Nova Minerals Limited focuses on gold, antimony, and critical minerals exploration, particularly the Estelle Project, which spans 514 km² in Alaska and contains multiple mining complexes along a 35 km mineralized corridor [5]. - The Estelle Project includes two defined multi-million ounce resources and several drill-ready antimony prospects, situated in the Tintina Gold Belt, known for its significant gold and antimony deposits [5].
Nova Minerals Announces Pricing of Public Offering