Nova Minerals Confirms the Sale of Non-Core Investment to Further Fund the Company’s Gold and Antimony Development and Strengthen the Balance Sheet
Nova Minerals Limited - American Depositary Shares (NVA)
Company Research
Source: GlobeNewswire
Caufield, Australia, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Nova Minerals Limited (“Nova” or the “Company”) (NASDAQ: NVA) (ASX: NVA) (FRA: QM3) is pleased to announce the following key developments that add further cash to the Company’s balance sheet for our 2025 field season, and strengthen its financial position and strategic focus. Sale of Non-Core Investment The Company has completed the sale of the 6.6 million shares which it owned in Snow Lake Resources Ltd, realizing gross proceeds of $6.73 million. This strategic divestment aligns with our objective to optimize the Company’s asset portfolio to unlock value for shareholders by further advancing the gold and antimony assets within the Estelle Gold and Critical Minerals Project. Partial Repayment of the Nebari Loan $4 million of the proceeds has been allocated to reduce the Nebari loan, leaving just $1.42 million of the facility on the balance sheet. This partial repayment significantly reduces the Company’s debt and leaves addi
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News
- Nova Minerals Finds Gold up to 141 g/t Au from Rock Samples at the Stibium Antimony-Gold Prospect on its Estelle Gold and Critical Minerals Project, in AlaskaGlobeNewswire
- Nova Minerals Finds Antimony up to 56.7% from Latest Rock Samples at the Stibium prospect on its Estelle Gold and Critical Minerals Project, in AlaskaGlobeNewswire
- Nova Minerals Provides an Invitation to Investor WebinarsGlobeNewswire
- Nova Minerals 2024 Sampling Extends the Gold Anomaly at its Muddy Creek Prospect by 400m with up to 128.5 g/t Au on its Estelle Gold and Critical Minerals Project, in AlaskaGlobeNewswire
- Nova Minerals 2024 Sampling Finds up to 54.1% Antimony at the Styx Prospect on its Estelle Gold and Critical Minerals Project in AlaskaGlobeNewswire
NVA
Sec Filings
- 1/2/25 - Form 6-K
- 12/11/24 - Form 6-K
- 12/5/24 - Form 6-K
- NVA's page on the SEC website