Just the Facts: Nova Minerals closes US$2.365 million public offering [Video]

Proactive’s Tylah Tully breaks down ‘Just the Facts’ of Nova Minerals Limited (ASX: NVA, NASDAQ: NVA, FRA: QM3) latest announcement.

It has successfully closed its underwritten public offering on NASDAQ, raising a total of US$2.365 million. The offering included 473,000 American Depositary Shares (ADS), each representing 60 ordinary shares, priced at US$5.00 per ADS. This total includes 43,000 ADSs issued through the full exercise of the underwriter’s over-allotment option.

Proceeds from this offering will be directed towards the company’s resource and exploration activities, such as drilling, feasibility studies, and general working capital. Nova’s flagship Estelle Project in Alaska spans 514 square kilometres and features a 35-kilometre mineralised corridor, hosting over 20 gold and antimony prospects, including two multi-million-ounce gold resources and several drill-ready antimony prospects with outcropping stibnite veins.

A Pre-Feasibility Study is underway, with Nova aiming to develop a scalable mining operation, dependent on market conditions and potential partnerships.

#ProactiveInvestors #JusttheFacts #ASX #NovaMinerals #EstelleProject #PublicOffering #NASDAQ #GoldExploration #AntimonyProspects #MiningFunds #CapitalRaise #PreFeasibilityStudy #MiningDevelopment #ResourceExploration #MiningProjects #AlaskaMining #GoldResources #CriticalMinerals #StibniteVeins #MiningUpdates #MineralCorridor #StrategicPartners #ExplorationTargets
#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews