American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Investing

Nova Minerals Completes NASDAQ IPO, Secures Growth Capital

by admin July 27, 2024
July 27, 2024
Nova Minerals Completes NASDAQ IPO, Secures Growth Capital

Gold and critical minerals exploration company Nova Minerals (ASX:NVA,NASDAQ:NVA,NASDAQ:NVAWW) announced the closing of its underwritten NASDAQ initial public offering (IPO) of 475,000 units on July 26.

“A US listing has been our goal for a long time as the logical next step with our flagship Estelle Gold Project being a North American asset and an increasing US investor base,” Nova Minerals CEO Christopher Gerteisen said. “Now it’s a reality, and we believe this can be a catalyst to create further shareholder value through increased exposure and liquidity available in the US market.”

Each unit, priced at US$6.92, consists of one American Depositary Share (ADS) representing ordinary shares and one warrant. Each whole warrant is exercisable at US$7.266 per ADS for five years, and the ratio of ADS-to-ordinary-share is one to sixty (1:60).

The pricing was first announced on July 24, the same day that the ASDs and warrants began trading on the Nasdaq Capital Market under the symbols NVA and NVAWW respectively.

Gross proceeds are approximated at US$3.3 million (AU$4.9 million), which Nova said it intends to use for resource and exploration field programs, feasibility studies and general working capital.

‘The company is preparing a targeted drill program to commence shortly and continues with the critical technical studies required for the completion of a robust PFS as we progress along the path to production,’ Gerteisen said.

Situated in the Tintina Gold Belt in Alaska, US, the Estelle gold project contains multiple deposits across a 35 kilometer long mineralized corridor with more than 20 identified gold prospects. Estelle also hosts silver, copper and lead, as well as critical metals antimony, bismuth and tungsten.

Assuming that all steps proceed according to the projected schedule, the prefeasibility study is targeted for 2025, with a definitive feasibility the following year.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
Critical Metals Corp Completes Stage 1 Investment for Tanbreez Acquisition
next post
Gold, Silver and Markets Up on Shrinking PCE Data

Related Posts

​Tech 5: Recession Fears Kick Panic Selling into...

August 10, 2024

Carnival stock could surge 35% after Royal Caribbean...

January 29, 2025

Sei price prediction: is it safe to buy...

April 13, 2025

Top 10 Central Bank Gold Reserves (Updated 2024)

May 21, 2024

Here’s why DocuSign stock could benefit from Smartsheet...

September 25, 2024

5 reasons the S&P 500 and the SPY...

December 3, 2024

Rio Tinto Delivers Resilient Q1 Performance, Commits to...

April 20, 2024

Analysts are bullish on Lloyds share price: should...

March 10, 2025

GameStop Surges Over 70 Percent in Flashback to...

May 14, 2024

USD/TRY analysis: lira analysis as Turkish inflation rises

October 3, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Europe bulletin: Manchester synagogue attack aftermath, stocks close higher

      October 5, 2025
    • Evening digest: Trump sets deadline for Hamas, Canada’s slowdown, BTC rebounds

      October 5, 2025
    • Iran executes six people for alleged links to Israel, state media reports

      October 5, 2025
    • US digest: Trump’s Hamas ultimatum, government shutdown stalemate continues

      October 5, 2025
    • Japanese stocks may extend record run as Takaichi win revives ‘Abenomics’

      October 5, 2025

    Categories

    • Business (4,191)
    • Investing (2,958)
    • Latest News (2,080)
    • Politics (1,536)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved