Nova Minerals gets final approvals for Alaska antimony project

AI desk brief

Nova Minerals has secured final Alaska approvals for its Department of War-funded antimony project, clearing the way for construction and development and advancing what it says will be the first modern, fully integrated U.S. domestic antimony supply chain in decades. Phase 1 is fully funded by $43.4 million in government backing and includes stibnite mining, ore sorting, and downstream refining at Port MacKenzie, with targeted production in 2027.

The company also highlighted its 10-million-oz Estelle gold project, noting the antimony work is anchored to a district-scale gold asset in Alaska’s Tintina gold belt. Nova shares rose 6.7% on the NYSE American; market cap is $121.4 million.