Recent Updates — NVAWW

Nova Minerals Corp received final approvals from the Alaska Department of Natural Resources for its Plan of Operations and Reclamation Plan. This completes the permitting process for the Department of War-funded Alaska antimony project, clearing the path for construction and development activities. The $43.4 million Phase 1 program is fully funded to support domestic production capacity for military-grade antimony trisulfide. All major long-lead equipment has been delivered, and engineering work is complete. The company targets production in 2027. Nova Minerals Corp explores and develops the Estelle Gold and Critical Minerals Project in Alaska.

The U.S. Department of Transportation announced a $249 million federal grant to complete the final stages of the Port MacKenzie Rail Extension, covering approximately 80 percent of the $311 million project cost with state and local partners contributing the remaining $62 million. The new 32-mile rail line will connect the Alaska Railroad Corporation’s main line to Port MacKenzie, providing a direct transport link to Nova Minerals’ planned antimony processing and refining hub. This infrastructure development is intended to facilitate the shipment of critical minerals ore and concentrate feedstock from the Alaskan interior to global markets. Nova Minerals Corp operates in the mining sector, advancing undeveloped gold deposits and securing a domestic supply of critical minerals like antimony.

Nova Minerals Corp reports that all key processing and refinery equipment for its planned antimony facility at Port MacKenzie, Alaska, has arrived, enabling construction to commence in the coming weeks pending final permits. This milestone supports a $43.4 million U.S. Department of War award aimed at establishing a domestic antimony supply chain, with first production targeted for 2027. Concurrently, the company concluded its 2026 field season at the Estelle Project, completing approximately 8,000 meters of diamond drilling focused on resource expansion and infill at the RPM gold deposit. Infrastructure projects, including access roads and airstrip expansions, continue to advance across the site. Nova Minerals Corp is advancing one of the world’s largest undeveloped gold deposits into production while securing a U.S. domestic supply of the critical mineral antimony.