- Nova Minerals (NASDAQ: NVA) files an F-1 registration for a secondary public offering of American Depositary Shares (ADSs).
- Each ADS represents 60 ordinary shares, with an indicative price of $12.56 per ADS, pending final determination.
- Proceeds to fund exploration and development of the Estelle Project in Alaska.
Nova Minerals Limited (NASDAQ: NVA), a company engaged in the exploration of gold, antimony, and other critical minerals, has filed a Form F-1 registration statement with the U.S. Securities and Exchange Commission (SEC). This move is aimed at facilitating a secondary public offering of its American Depositary Shares (ADSs) in the United States, where each ADS will be representative of 60 ordinary shares.
The assumed price of $12.56 per ADS is based on the market value as of June 30, 2025, though the final offering price and the number of ADSs to be issued remain undecided. ThinkEquity has been appointed as the sole book-running manager for the offering, ensuring a structured approach to this capital raising effort.
The proceeds from this offering are earmarked for advancing the Estelle Project, located in Alaska. The funds will support resource and exploration initiatives, including additional drilling, feasibility studies, and other working capital needs. This strategic capital infusion positions Nova Minerals to potentially accelerate the development of its Alaskan assets and progress towards production decisions.
Post-offering, Nova's shares will maintain their listings on multiple exchanges: ASX (NVA, Financial), OTC Pink (NVAAF), Frankfurt Exchange (QM3), and Nasdaq Capital Market (NVA), providing the company with access to a diverse investor base across global markets.
