Nova Minerals Ltd ADR (NASDAQ:NVA) surged 68.5% in premarket trading Tuesday after the company revealed it has been invited by the Australian Ambassador to the United States to provide a briefing on its Estelle Gold and Critical Minerals Project ahead of a high-level bilateral summit.
The company will present its Alaska-based project to His Excellency The Hon Dr Kevin Rudd AC in preparation for an upcoming meeting between Australian Prime Minister Anthony Albanese and U.S. President Donald Trump on October 20, 2025. Critical minerals cooperation is expected to be a central theme of the talks.
Nova’s Estelle Project has attracted growing strategic interest following a US$43.4 million award from the United States Department of War aimed at establishing a domestic antimony supply chain. Antimony, which has been added to the U.S. Draft 2025 Critical Minerals List, plays a key role in defense, energy, and advanced manufacturing applications.
The company has already secured land use permits for an antimony refinery at Port MacKenzie, advancing its ambition to become a leading integrated U.S. producer of military-spec antimony by 2026/27.
Spanning 514 km² in Alaska’s Tintina Gold Belt, the Estelle Project hosts significant gold and antimony resources. It features two defined multi-million ounce gold deposits and several drill-ready antimony targets with exposed stibnite vein systems, underscoring its strategic potential.
This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Some portions of this content may have been generated or assisted by artificial intelligence (AI) tools and been reviewed for accuracy and quality by our editorial team.