Business
Nova Minerals Limited Announces Closing of Public Offering
Melbourne, Australia, Dec. 22, 2025 (GLOBE NEWSWIRE) -- Nova Minerals Limited (“Nova” and the “Company”) (Nasdaq NVA, NVAWW) (ASX: NVA), FRA: QM3)), a gold, antimony and critical minerals exploration stage company focused on advancing the Estelle Gold and Critical Minerals Project in Alaska, today announced the closing of an underwritten public offering of 2,928,300 American Depositary Shares (“ADS"), with an ADS-to-ordinary-share ratio of 1 to 12, at a price to the public of $6.83 per ADS, for
About this update from Nova Minerals Limited
[{"type":"image","alt":"NOVA MINERALS LIMITED","displaySize":"","headline":null,"caption":"NOVA MINERALS LIMITED","className":"","disableSlideshowImg":false,"size":{"original":{"width":260,"height":300,"url":"https://media.zenfs.com/en/globenewswire.com/b509026d9d0d6a343cc89b9dcc2984fe"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/O.tCzkt_ifwgWmnUrPOsvA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTQ4NTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/b509026d9d0d6a343cc89b9dcc2984fe","width":260,"height":300}},"lazy":false},{"type":"text","content":"Melbourne, Australia, Dec. 22, 2025 (GLOBE NEWSWIRE) -- Nova Minerals Limited (“Nova” and the “Company”) (Nasdaq NVA, NVAWW) (ASX: NVA), FRA: QM3)), a gold, antimony and critical minerals exploration stage company focused on advancing the Estelle Gold and Critical Minerals Project in Alaska, today announced the closing of an underwritten public offering of 2,928,300 American Depositary Shares (“ADS"), with an ADS-to-ordinary-share ratio of 1 to 12, at a price to the public of $6.83 per ADS, for gross proceeds of approximately $20,000,000, before deducting underwriting discounts and offering expenses. In addition, Nova has granted the underwriters a 45-day option to purchase up to an additional 439,245 ADSs to cover over-allotments, if any.","length":754,"tagName":"p"},{"type":"text","content":"The Company intends to use the proceeds for planned exploration and development activities on its Estelle Project, including additional drilling and exploration, feasibility and environmental studies, camp expansion, permits and approvals, initial development activities, and for general corporate purposes and working capital.","length":327,"tagName":"p"},{"type":"text","content":"ThinkEquity acted as sole book-running manager for the offering.","length":64,"tagName":"p"},{"type":"text","content":"The securities were offered and sold pursuant to a prospectus supplement to the Company’s shelf registration statement on Form F-3 (File No. 333-292084), including a base prospectus, filed with the U.S. Securities and Exchange Commission (the “SEC”) on December 11, 2025 and declared effective on December 17, 2025. The offering was made only by means of a written prospectus. A final prospectus supplement and accompanying prospectus related to the offering will be filed with the SEC and made available on the SEC’s websit...