Nova Minerals prices $20M ADS offering at $6.83 per ADS to fund Estelle Project

Filed December 19, 2025 · ~1 min read

Key Changes

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  Nova Minerals is offering 2,928,300 ADSs (each representing 12 ordinary shares) at $6.83 per ADS, raising approximately $18.6 million in net proceeds for the company.

  The Offering verify on EDGAR →
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  Net proceeds will fund exploration and development of the Estelle Project, including drilling, feasibility studies, camp expansion, permits, and initial development, with the remainder for general corporate purposes.

  Use of Proceeds verify on EDGAR →
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  Investors in this offering will experience immediate dilution of $3.73 per ADS, as the pro forma as adjusted net tangible book value after the offering is $3.10 per ADS versus the $6.83 offering price.

  Dilution verify on EDGAR →