NVA NOVA MINERALS LIMITED

U.S. Department of War Awards $43.4M to Alaska Range Resources to Secure Antimony Supply

U.S. Department of War Awards $43.4M to Alaska Range Resources to Secure Antimony Supply

Anchorage, Alaska, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Nova Minerals Limited (“Nova” or the “Company”) (NASDAQ: NVA) (ASX: NVA) (FRA: QM3) is pleased to announce that its 100% owned U.S. subsidiary Alaska Range Resources, LLC (ARR), has been awarded US$43.4 million in Defense Production Act Title III funding by the U.S. Department of War (DoW) to produce antimony trisulfide at its Estelle Gold and Critical Minerals Project (Estelle Project) in Alaska.

The award will enable ARR to accelerate development of a fully integrated U.S. antimony supply chain to extract, concentrate, and refine stibnite to produce military grade antimony trisulfide to assist in meeting the U.S. defense industrial base demands.

Nova CEO, Mr Christopher Gerteisen commented: “We are proud to have ARR partner with the U.S. Department of War to help secure a fully domestic, redundant supply chain for the munitions and other defense products our troops need to keep our nation and allies safe, as well as future supply to the U.S. industrial base for a wide range of traditional and high-tech applications, including semiconductors and energy systems.

This award will fund the initial phase of the Company’s strategy to establish a full spectrum state of the art antimony mining and refining hub based in Alaska to supply refined antimony products to the U.S. industrial base and beyond. After conducting rigorous vetting and technical due diligence of the Estelle Project, ARR is proud to be the recipient of this award, which provides further confidence in the quality of antimony mineralization and highlights the potential scale and scope of future antimony production from the Estelle Project.

The Company appreciates the support and partnership of Alaska's federal and state leaders, particularly Senators Murkowski and Sullivan , Congressman Begich and Governor Dunleavy. The Estelle Project will play a central role in this effort where Alaska will be at the heart of the country’s supply of critical materials, and we look forward to working closely with our local partners from the University of Alaska Fairbanks (UAF) CORE-CM group, the Alaska Department of Natural Resources (ADNR), the Alaska Industrial Development and Export Authority (AIDEA), the Matanuska-Susitna Borough, and Alaska Tribes and Native Corporations to bring Estelle into production”.

About Nova Minerals Limited

Nova Minerals Limited is a Gold, Antimony and Critical Minerals exploration and development company focused on advancing the Estelle Project, comprised of 514 km2 of State of Alaska mining claims, which contains multiple mining complexes across a 35 km long mineralized corridor of over 20 advanced Gold and Antimony prospects, including two already defined multi-million ounce resources, and several drill ready Antimony prospects with massive outcropping stibnite vein systems observed at surface. The 85% owned project is located 150 km northwest of Anchorage, Alaska, USA, 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, Nova Gold and Paulson Advisors Donlin Creek Gold Project and Kinross Gold Corporation's Fort Knox Gold Mine. The belt also hosts significant Antimony deposits and was a historical North American Antimony producer.

Further discussion and analysis of the Estelle Project is available through the interactive Vrify 3D animations, presentations and videos all available on the Company’s website.

Forward Looking Statements

This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” "will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Nova Minerals Limited’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the final prospectus related to the public offering filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Nova Minerals Limited undertakes no duty to update such information except as required under applicable law.

For Additional Information Please Contact

Craig Bentley

Director of Finance & Compliance & Investor Relations

E:

M:



EN
01/10/2025

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on NOVA MINERALS LIMITED

 PRESS RELEASE

U.S. Department of War Awards $43.4M to Alaska Range Resources to Secu...

U.S. Department of War Awards $43.4M to Alaska Range Resources to Secure Antimony Supply Anchorage, Alaska, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Nova Minerals Limited (“Nova” or the “Company”) (NASDAQ: NVA) (ASX: NVA) (FRA: QM3) is pleased to announce that its 100% owned U.S. subsidiary Alaska Range Resources, LLC (ARR), has been awarded US$43.4 million in Defense Production Act Title III funding by the U.S. Department of War (DoW) to produce antimony trisulfide at its Estelle Gold and Critical Minerals Project (Estelle Project) in Alaska. The award will enable ARR to accelerate development...

 PRESS RELEASE

Nova Announces Strategic Investment in Adelong Gold

Nova Announces Strategic Investment in Adelong Gold Melbourne, Australia, Sept. 09, 2025 (GLOBE NEWSWIRE) -- Nova Minerals Limited (“Nova” or the “Company”) (NASDAQ: NVA) (ASX: NVA) (FRA: QM3) ) is pleased to announce a strategic cornerstone investment representing 7.8% of the ordinary shares in Adelong Gold Limited (ASX: ADG) (Adelong), a gold-antimony focused exploration and near-term production company with a diversified portfolio of high-grade projects across Australia and Brazil. This investment forms part of Nova’s ongoing strategy to partner with undervalued, high-growth-stage res...

 PRESS RELEASE

Senator Murkowski Visit Solidifies Further Support for Nova Mineral’s ...

Senator Murkowski Visit Solidifies Further Support for Nova Mineral’s Estelle Project Anchorage Alaska, Aug. 25, 2025 (GLOBE NEWSWIRE) -- Nova Minerals Limited (“Nova” or the “Company”) (NASDAQ: NVA) (ASX: NVA) (FRA: QM3) ) is pleased to report further momentum following senior U.S. Senator from Alaska Lisa Murkowski’s recent site visit to the Estelle Gold and Critical Minerals Project in Alaska (Figures 1 and 2). Highlights In line with the strategic push for U.S. critical minerals independence.Estelle independently identified as one of nine projects globally, and one of two in the U.S...

 PRESS RELEASE

U.S. and Australia Support for Nova’s Estelle Project

U.S. and Australia Support for Nova’s Estelle Project Anchorage Alaska, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Nova Minerals Limited (“Nova” or the “Company”) (NASDAQ: NVA) (ASX: NVA) (FRA: QM3) ) is pleased to provide an update where both Alaska State government officials and the Australian Consular-General have shown strong support for the Estelle Gold and Critical Minerals Project in recent meetings with Nova. Highlights Alaska State Governor, Mike Dunleavy (Figure 1) continues to show strong support for the Estelle Project in a meeting with Nova CEO Christopher Gerteisen, and reinforces ...

 PRESS RELEASE

Nova Minerals Antimony Ore Sorting Results Show Significant Upgrade

Nova Minerals Antimony Ore Sorting Results Show Significant Upgrade Anchorage Alaska, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Nova Minerals Limited (“Nova” or the “Company”) (NASDAQ: NVA) (ASX: NVA) (FRA: QM3) ) is pleased to announce results from the Styx antimony ore sorting test work program which in our opinion shows outstanding results and that an upgraded, saleable antimony ore concentrate can be produced onsite for further processing. Highlights Conceptual flowsheet outlines clear path for onsite recovery and upgrading of antimony ore using ore sorting (Figure 3).500kg bulk ore sorting...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch