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Investing.com -- Nova Minerals Ltd ADR (NASDAQ:NVA) stock surged 68.5% in premarket trading Tuesday after the company announced it has been approached 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 meeting between Australian and U.S. leaders.
The company will present details about 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 scheduled for October 20, 2025, where critical minerals cooperation will be a key discussion point.
Nova’s Estelle Project has gained strategic importance following its recent US$43.4 million award from the U.S. Department of War to develop a domestic antimony supply chain. Antimony, recently included on the U.S. Draft 2025 Critical Minerals List, is crucial for defense, energy, and advanced manufacturing applications.
The company has secured land use permits for an antimony refinery at Port MacKenzie, positioning itself as a leading emerging fully integrated antimony producer in the U.S. Nova is targeting production of military-spec antimony by 2026/27.
The Estelle Project spans 514 km² in Alaska’s Tintina Gold Belt, containing significant gold and antimony resources. The project includes two defined multi-million ounce gold resources and several drill-ready antimony prospects with outcropping stibnite vein systems.
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