Nova Minerals Secures US$11.1 million to Advance Estelle Project in Alaska

Nova Minerals Limited (ASX: NVA), a gold and critical minerals exploration company listed on ASX, NASDAQ, and FSE, has announced the successful pricing of a US$11.1 million underwritten public offering on NASDAQ. The offering comprises 1.2 million American Depository Shares (ADS) at US$9.25 each, with a 45-day option for underwriters to purchase an additional 120,000 ADSs. Proceeds will fund drilling, exploration, feasibility studies, and general working capital for the company's flagship Estelle Project in Alaska. This 514 km² project spans a mineralized corridor with over 20 gold and antimony prospects, including defined multi-million-ounce resources. Located in the renowned Tintina Gold Belt, Estelle is 85% owned by Nova and situated near major gold operations. The company also announced plans to issue warrants to underwriters, subject to shareholder approval. The offering is expected to close on July 16, 2025, and will utilize Nova’s placement capacity under ASX Listing Rules 7.1 and 7.1A

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