Nova Minerals Receives Final Antimony Project Approvals From The State Of Alaska; Targeting Production In 2027

Final permits secured: Nova has secured all required permits within approximately three months of submission clearing the way for Phase 1 of its Alaska antimony development and advancing the establishment of the first modern, fully integrated U.S. domestic antimony supply chain in decades.
Three-stage project approval from mining to refining: Permits cover stibnite mining at the Styx and Stibium prospects, ore sorting and processing at the Whiskey Bravo concentration site within the Estelle Project, and downstream processing and refining at Port Mackenzie.
$43.4 million in Department of War funding: Phase 1 is fully funded through the Company’s existing award to support development of domestic production capacity for military-grade antimony trisulfide.
Critical equipment delivered: All major long-lead and critical mining and processing equipment has been procured and delivered to project locations.
Engineering and metallurgy completed: Process plant engineering and metallurgical test work have established a flowsheet designed to produce military-grade antimony trisulfide and standard grade II antimony metal (>99.65% Sb).
Targeting 2027 production: With permitting complete, funding secured, engineering completed and equipment delivered, Nova is focused on advancing construction and executing its development schedule.