JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
Investing.com - Nova Minerals Limited (NASDAQ:NVA) has secured support from Alaska Governor Mike Dunleavy and Australian Consul-General Tanya Bennett for its Estelle Gold and Critical Minerals Project, marking a significant development in the strategic minerals sector amid growing global demand for critical metals.
Governor Dunleavy met with Nova CEO Christopher Gerteisen to discuss infrastructure needs for the project, including the West Susitna Access Road, Port MacKenzie upgrades, and Alaska LNG development. The Alaska Industrial Development and Export Authority has submitted a permit application for the 78.5-mile West Susitna Access Road that would provide year-round access to the project.For investors interested in the mining sector, InvestingPro offers comprehensive analysis tools and detailed research reports covering over 1,400 stocks, including major mining companies. Access expert insights, financial metrics, and peer comparisons to make informed investment decisions in the critical minerals sector.
Australian Consul-General Bennett conducted a site visit to the Estelle Project, which Nova described as an example of Australia-U.S. collaboration in strategic minerals development. During her Alaska visit, Bennett also met with Governor Dunleavy and state agencies.
These meetings follow a July visit by Nova’s board of directors to Alaska, where they met with Congressional delegation offices and local officials who expressed support for the project. Nova’s CEO indicated the company is pursuing applications for potential non-dilutive funding through its Defense Industrial Base Consortium membership.
The Estelle Project covers 514 square kilometers of Alaska mining claims located 150 kilometers northwest of Anchorage. Nova holds an 85% ownership stake in the project, which contains gold and antimony prospects across a 35-kilometer mineralized corridor. A February 2025 RFC Ambrian report identified Estelle as one of nine global projects with near-term antimony production potential.
In other recent news, Coherent reported impressive fourth-quarter fiscal 2025 results, with earnings per share (EPS) of $3.53, significantly surpassing the previous year’s $1.21. The company’s full-year revenue reached $5.81 billion, marking a 23% increase from the prior year. Analysts have responded positively, with Needham reiterating a Buy rating and setting a price target of $120, citing strong data center growth. Stifel also raised its price target to $118, maintaining a Buy rating, while highlighting Coherent’s revenue and earnings performance, although noting a dip in the operating margin. Raymond James set an even higher price target of $134, maintaining a Strong Buy rating, and noted strong performance in the DCI/ZR segment. Coherent’s data center and communications segment, particularly in 800G products, showed continued strength. Despite these strong financial results, the company’s stock experienced some fluctuations during trading. These developments reflect Coherent’s robust financial performance and positive analyst sentiment.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.