Nova Minerals, an Australian gold exploration company with a property in Alaska, filed on Monday with the SEC to raise up to $17 million in an initial public offering. It is currently listed on the Australian Securities Exchange under the ticker NVA, where it commands a market cap of $40 million, as well as on the OTCQB, and the Frankfurt Stock Exchange.
The company has the majority stake of the Estelle Gold Project, which comprises over 125,000 acres of land in Alaska northwest of Anchorage along the Tintina Gold Belt. The project contains multiple mining complexes across a mineralized corridor of over 20 identified gold prospects, including two already defined multi-million ounce resources across four deposits containing a combined 5.17 million ounces of gold. Recently the Company has also discovered antimony and other critical minerals coincident with the gold in surface sampling on numerous prospects across the project.
The Caulfield, Australia-based company was founded in 1987. It plans to list under the symbol NVAM, although it has not yet chosen an exchange. ThinkEquity is the sole bookrunner on the deal.
