Nova Minerals Limited Provides an Update on the RPM Feasibility Study and Variation to the Nebari Convertible Facility
Nova Minerals Limited - American Depositary Shares (NVA)
Company Research
Source: GlobeNewswire
Caufield, Australia, Sept. 20, 2024 (GLOBE NEWSWIRE) -- Nova Minerals Limited (“Nova” and the “Company”) (NASDAQ: NVA) (ASX: NVA) (FRA: QM3), a gold and critical minerals exploration stage company focused on advancing the Estelle Gold Project in Alaska, U.S.A., is pleased to advise the Company has executed a variation agreement with its largest institutional shareholder and convertible note holder Nebari Gold Fund 1, LP (Nebari) to reduce the month end cash covenant required under the previously announced loan agreement dated 21 November 2022 from US$2m to A$1m, and with the option to extend the convertible facility for a further 12 months out to 29 November 2026. In addition to the recent US NASDAQ listing, the freeing up of this additional ~A$2m gives the Company the ability to accelerate the RPM early start up option to a Feasibility Study (FS) for delivery in 2025 by undertaking internal optimization studies aimed to investigate how it can potentially generate as much early cash
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NVA
News
- Nova Minerals 2024 Sampling Finds up to 54.1% Antimony at the Styx Prospect on its Estelle Gold and Critical Minerals Project in AlaskaGlobeNewswire
- Quarterly Activities and Cashflow Report – 30 September 2024GlobeNewswire
- Nova Minerals Attending the ThinkEquity Conference In New York on October 30, 2024GlobeNewswire
- Nova Drills 29m @ 7.1 g/t Au from Surface at RPM in Advance of Resource UpdateGlobeNewswire
- Nova Minerals to Highlight Estelle Project Advancements at 2024 ThinkEquity ConferenceGlobeNewswire
NVA
Sec Filings
- 11/20/24 - Form 6-K
- 11/14/24 - Form 6-K
- 11/14/24 - Form 6-K
- NVA's page on the SEC website