• Nova Minerals Ltd closes US$20m public offering on NASDAQ
• Proceeds to be used for exploration, development, and general corporate purposes
• Granted 45-day option to underwriters to purchase additional shares

Nova Minerals Limited (ASX: NVA, NASDAQ: NVA), a gold and critical minerals exploration company focused on advancing the Estelle Gold and Critical Minerals Project in Alaska, has announced the closing of an underwritten public offering on the NASDAQ exchange. The company issued 2,928,300 American Depositary Shares (ADSs), with each ADS representing 12 ordinary shares, at a price of US$6.83 per ADS, raising approximately US$20 million in gross proceeds before underwriting discounts and offering expenses. In addition, Nova has granted the underwriters a 45-day option to purchase up to an additional 439,245 ADSs to cover any over-allotments. The company intends to use the proceeds from the offering for planned exploration and development activities on its Estelle Project, including additional drilling and exploration, feasibility and environmental studies, camp expansion, permits and approvals, initial development activities, and for general corporate purposes and working capital.The 35,139,600 ordinary shares, which are represented by the 2,928,300 ADSs, will be issued using the company's existing placement capacity pursuant to ASX Listing Rules 7.1. The Over Allotment ADSs, if any, will also be issued using the existing placement capacity.