Nova Minerals Limited (NVA) surged 14.67% to $6.98, gaining $0.87, after announcing it has begun procuring key mining and processing equipment for its Estelle antimony project and downstream refinery at Port Mackenzie, Alaska.
The company is targeting the first production of military-grade antimony trisulfide in 2026/27. The procurement drive includes a mining fleet, crusher/screen plant, ore sorters, mill, flotation, and gravity circuits, designed to process stibnite stockpiles and upgrade feed grades significantly.
The company reports access to approximately A$83 million in funding, including cash and a U.S. Department of War award, positioning it as an emerging, fully integrated U.S. antimony producer.
On Tuesday, NVA opened at $6.05, reached a high of $7.20, and a low of $5.90, compared to the previous close of $6.11. Trading volume surged above average. The stock's 52-week range is $2.80 - $7.50.
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