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Clarification Regarding Market Capitalization Following U.S. Redomiciliation
Anchorage, Alaska, June 30, 2026 (GLOBE NEWSWIRE) -- Nova Minerals Corp (“Nova Minerals” or the “Company”) has become aware that certain publicly available investment websites have incorrectly reported the Company's market capitalization as approximately US$2.1 billion following the completion of its redomiciliation to the United States, as disclosed in the Company's Current Report on Form 8-K filed on June 16, 2026 (the "Redom 8-K"). The Company advises that these reported market capitalization
About this update from Nova Minerals Limited
Anchorage, Alaska, June 30, 2026 (GLOBE NEWSWIRE) -- Nova Minerals Corp ("Nova Minerals" or the "Company") has become aware that certain publicly available investment websites have incorrectly reported the Company's market capitalization as approximately US$2.1 billion following the completion of its redomiciliation to the United States, as disclosed in the Company's Current Report on Form 8-K filed on June 16, 2026 (the "Redom 8-K"). The Company advises that these reported market capitalization figures are inaccurate. Following the redomiciliation, the Company's issued and outstanding common stock consisted solely of the shares of common stock issued in exchange for the outstanding ordinary shares of Nova Minerals Limited as of June 16, 2026, in accordance with the 1-for-12 exchange ratio disclosed in the Redom 8-K. As of June 16, 2026, Nova Minerals Limited had 458,140,036 ordinary shares outstanding. Applying the 1-for-12 exchange ratio described in the Redom 8-K, the Company issued an aggregate of 38,181,050 shares of common stock, including a limited number of additional shares issued as a result of rounding in accordance with the terms of the exchange. Based on the Company's current trading price, its market capitalization is approximately US$166 million. The Company is not responsible for market capitalization figures published by third-party websites and encourages investors to refer to the Company's filings with the U.S. Securities and Exchange Commission when evaluating the Company's capital structure and other publicly disclosed information. About Nova Minerals Corp Nova Minerals Corp is advancing one of the world's largest undeveloped gold deposits into production and securing a US domestic supply of the critical mineral antimony. The Company is focused on the exploration and development of the Estelle Gold and Critical Minerals Project, located in Alaska, a tier-one mining jurisdiction. Estelle hosts two defined multi-million-ounce gold resources, and more than 20 prospects distributed along a 35-kilometre mineralized trend, in the prolific Tintina Gold Belt, a province which hosts a >220 million ounce (Moz) documented gold endowment and some of the world's largest gold mines and discoveries including, Kinross Gold Corporation's Fort Knox Gold Mine. In parallel, Nova is advancing its critical minerals strategy, fully-funded by a US$43.4 mi...
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