- Nova Minerals Limited's wholly-owned U.S. subsidiary, Alaska Range Resources, LLC (ARR), was awarded **US$43.4 million** in Defense Production Act Title III funding by the U.S. Department of War (DoW) on **October 1, 2025**.  **[1852551_0001493152-25-016461_ex99-1.htm:0]** 
- This funding is designated for the production of **antimony trisulfide** at the company's Estelle Gold and Critical Minerals Project in Alaska.  **[1852551_0001493152-25-016461_ex99-1.htm:0]** 
- The award aims to accelerate the development of a fully integrated U.S. antimony supply chain to meet the U.S. defense industrial base demands.  **[1852551_0001493152-25-016461_ex99-1.htm:0]** 
- Nova CEO, Mr. Christopher Gerteisen, stated that this award will fund the initial phase of the company's strategy to establish an antimony mining and refining hub in Alaska.  **[1852551_0001493152-25-016461_ex99-1.htm:0]**

Nova Minerals' Subsidiary Receives US$43.4M from U.S. Department of War

- Nova Minerals Ltd. will hold its Annual General Meeting (AGM) virtually on **November 10, 2025**, at 10:00 a.m. AEDT, where shareholders will vote on key resolutions.  **[1852551_0001493152-25-014128_form6-k.htm:0]** **[1852551_0001493152-25-014128_ex99-4.htm:0]** **[1852551_0001493152-25-014128_ex99-3.htm:0]** 
- Shareholders will consider refreshing the **10% Placement Facility** (Resolution 4), which allows the company to issue equity securities up to **10%** of its issued share capital.  **[1852551_0001493152-25-014128_ex99-1.htm:12]** **[1852551_0001493152-25-014128_ex99-1.htm:13]** 
- The AGM includes resolutions to ratify a prior placement of **72,000,000 fully paid ordinary shares** and an overallotment of **6,504,000 shares** in July 2025, which collectively raised approximately **A$18.45 million** before costs.  **[1852551_0001493152-25-014128_ex99-1.htm:17]** **[1852551_0001493152-25-014128_ex99-1.htm:18]** 
- Resolutions also cover approving an **employee incentive scheme** (Resolution 7) and the issuance of **4,125,000 options to Christopher Gerteisen** and **3,125,000 options to Louie Simens** (Resolutions 8A and 8B).  **[1852551_0001493152-25-014128_ex99-1.htm:4]** 
- Additionally, shareholders will vote on the election of **Chaim (Dovi) Berger**, who was appointed as a Director on **July 1, 2025**, and the re-election of **Louie Simens** as a Director.  **[1852551_0001493152-25-014128_ex99-1.htm:11]** **[1852551_0001493152-25-014128_ex99-1.htm:12]**

Nova Minerals Ltd. to Hold Annual General Meeting on November 10, 2025, to Vote on Capital Raising, Executive Compensation, and Board Elections

- Nova Minerals Ltd. reported a **net loss of $11,099,171** and a **comprehensive loss of $10,510,986** for the year ended June 30, 2025, representing a **32%** and **36%** reduction, respectively, compared to the previous year.  **[1852551_0001493152-25-014058_ex99-1.htm:6]** **[1852551_0001493152-25-014058_ex99-1.htm:7]** **[1852551_0001493152-25-014058_ex99-1.htm:33]**  Basic and diluted loss per share improved to **$0.03** from $0.08.  **[1852551_0001493152-25-014058_ex99-1.htm:7]** **[1852551_0001493152-25-014058_ex99-1.htm:33]** 
- The company's cash and cash equivalents increased to **$9,083,315** as of June 30, 2025.  **[1852551_0001493152-25-014058_ex99-1.htm:34]**  Following a public offering in July 2025, Nova's cash position significantly strengthened to approximately **$26.2 million** with no outstanding debt.  **[1852551_0001493152-25-014058_ex99-1.htm:9]** 
- Operationally, Nova Minerals made significant progress on its Estelle Gold and Critical Minerals Project in 2025, achieving outstanding gold recoveries (up to **68.7%** heap leach recovery) at the RPM Deposit and a **60.3%** antimony concentrate at the Styx Antimony Prospect.  **[1852551_0001493152-25-014058_ex99-1.htm:0]** 
- Total operating expenses increased by **17%** to **$7,498,674** in FY 2025, driven by costs associated with dual listing on the ASX and Nasdaq, increased marketing, and professional fees for the U.S. government antimony grant process.  **[1852551_0001493152-25-014058_ex99-1.htm:6]** **[1852551_0001493152-25-014058_ex99-1.htm:7]** 
- The Estelle Gold Project holds a Global Mineral Resource of **1,102 Mt** at **0.3 g/t Au** for **9.89 Moz Au** (as of April 11, 2023), though the company had no ore reserves as of June 30, 2025.  **[1852551_0001493152-25-014058_ex99-1.htm:74]**

Nova Minerals Ltd. Reports FY 2025 Financial Results and Operational Progress

- On **August 25, 2025**, U.S. Senator Lisa Murkowski visited Nova Minerals' **Estelle Gold and Critical Minerals Project** in Alaska, highlighting its strategic significance for bolstering U.S. domestic mineral production and securing critical supply chains for essential commodities like antimony and gold.  **[1852551_0001493152-25-012289_ex99-1.htm:0]** **[1852551_0001493152-25-012289_form6-k.htm:0]** 
- The Estelle Project has been independently identified by RFC Ambrian as one of only **two projects in the U.S.** with near-term **antimony production capability**, a critical mineral essential for U.S. military applications.  **[1852551_0001493152-25-012289_ex99-1.htm:0]** **[1852551_0001493152-25-012289_ex99-1.htm:1]** 
- Nova Minerals has already accumulated **surface stibnite stockpiles** at the Estelle Project, which are potentially capable of producing antimony trisulfide for U.S. strategic purposes.  **[1852551_0001493152-25-012289_ex99-1.htm:1]** 
- The project's advancement aligns with recent U.S. Presidential executive orders aimed at accelerating domestic mineral project development to underpin economic and national security objectives.  **[1852551_0001493152-25-012289_ex99-1.htm:0]** **[1852551_0001493152-25-012289_ex99-1.htm:2]**

Nova Minerals (NVA)