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Nova Minerals ( (AU:NVA) ) has issued an update.
Nova Minerals Limited has reached an agreement with Nebari Gold Fund to eliminate its convertible debt by converting it into ordinary shares, following the sale of its investment in Snow Lake Resources Limited. This move strengthens the company’s balance sheet, leaving it debt-free with approximately A$16 million in cash to further develop its Estelle Gold and Critical Minerals Project. The strategic focus on establishing a domestic source of antimony and advancing gold assets positions Nova for a transformative year, with Nebari continuing as a supportive shareholder.
More about Nova Minerals
Nova Minerals Limited is a gold, antimony, and critical minerals exploration and development company focused on advancing the Estelle Project, which spans 514 km2 of mining claims in Alaska’s Tintina Gold Belt. The project includes multiple mining complexes and prospects, with significant gold and antimony resources, in a region known for its large gold mines and discoveries.
YTD Price Performance: 38.89%
Average Trading Volume: 6,270
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $76.16M
For a thorough assessment of NVA stock, go to TipRanks’ Stock Analysis page.
