Nova Minerals secures final Alaska antimony project permits, clearing path to 2027 production

Nova Minerals NNVA rose 3.7% pre-market Tuesday after saying it received final approvals from the Alaska Department of Natural Resources for its reclamation plan related to its Alaska antimony project, completing the project's permitting process and clearing the way for construction and development activities targeting production in 2027.

The final approvals authorize construction and operating activities over an initial three-year term across the project's integrated development pathway, including stibnite mining at the Styx and Stibium prospects, intermediate-stage ore sorting and processing at the Whiskey Bravo concentration site within the Estelle project, and downstream processing and refining at Port Mackenzie, Alaska.

Nova NNVA said it is positioned to accelerate construction and advance project development, as all major long-lead and critical mining and processing equipment has been procured and delivered to project sites.

Phase 1 development program is supported by a $43.4M award from the U.S. Department of War to advance domestic antimony production capacity.