Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Investing

Nova Minerals Converts Debt Facility, Plans Work at Alaska Gold-Antimony Project

by admin January 10, 2025
January 10, 2025
Nova Minerals Converts Debt Facility, Plans Work at Alaska Gold-Antimony Project

Nova Minerals (ASX:NVA,NASDAQ:NVA) announced on Wednesday (January 8) that it has reached an agreement with Nebari Gold Fund 1 to eliminate its existing convertible debt facility.

The full outstanding balance of US$5.42 million will be converted into ordinary shares, priced at AU$0.25 each.

The deal follows Nova’s sale of its non-core investment in Snow Lake Resources (NASDAQ:LITM) for AU$10.85 million.

According to Nova, Nebari’s intent is to continue in its partner role, now as a supportive shareholder, as Nova works to unlock future value at the Alaska-based Estelle gold and critical minerals project.

“This conversion is a serious vote of confidence by Nebari, which brings us a step closer to realizing our vision which is to concurrently develop Estelle into a tier one gold asset and to help secure a US domestic supply chain for the strategically important mineral antimony,” said Nova CEO Christopher Gerteisen in a release.

After the conversion, Nova will retain all the proceeds of the Snow Lake sale for the development of Estelle. The company said that after the exercise of NASDAQ warrants over the last few ays its cash position stands at AU$16 million.

‘Establishing a domestic source of the critical mineral antimony is more important than ever, and we stand ready to responsibly produce critical resources here at home and help strengthen America’s national and economic security,’ Nova said.

Gerteisen added that the company will continue to work with Nebari in the operational phase of Estelle.

The conversion is set to happen on January 13.

West Red Lake, Lion One working with Nebari

Nebari has also been involved in other transactions over the past few weeks.

Canadian company West Red Lake Gold Mines (TSXV:WRLG,OTCQB:WRLGF) announced on January 2 that it has entered into a completed credit agreement with Nebari to borrow up to US$35 million.

The companies first entered into a non-binding term sheet in October 2024.

In addition, gold producer Lion One Metals (TSXV:LIO,OTCQX:LOMLF) entered into an agreement with Nebari to amend certain terms and draw down a further US$4 million of its senior secured financing facility.

The agreement was announced on December 2, 2024, along with the company’s updated financial results.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
Canadian Markets Steady Amid Trump Tariff Speculation and Renewed Greenland Interest
next post
Lantheus increases shareholding in RAD with A$8m placement

Related Posts

Michael Campbell: Gold, Uranium, Oil/Gas — Bullish as...

February 3, 2025

Top 5 Canadian Mining Stocks This Week: Omineca...

December 21, 2024

Gold Price Reaches New All-time High, Experts Say...

July 17, 2024

Tech 5: Meta Plans Multi-Billion AI Bet, Apple...

June 17, 2025

FireFly Metals to Add AU$95 Million to Coffers...

June 12, 2025

SEC Approves 8 Spot Ethereum ETFs in Landmark...

May 24, 2024

Odessa Minerals Limited (ASX: ODE) – Trading Halt

September 26, 2024

Mark O’Byrne: Gold, Silver Prices Going Much Higher...

July 10, 2025

Top 5 Canadian Mining Stocks This Week: Euro...

March 29, 2025

E25 Optimises Plant Design as Butcherbird Expansion Accelerates...

May 13, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • JOSH HAMMER: Trial lawyer lawfare vs. Trump’s policy revolution

      September 21, 2025
    • Kamala Harris reveals what Biden told her just before crucial debate with Trump that left her ‘angry’

      September 21, 2025
    • MIKE DAVIS: Trump’s latest pick to reform the federal judiciary is another home run

      September 21, 2025
    • Trump caps UK trip with $350B tech pact, heads to Arizona for Kirk’s memorial service

      September 21, 2025
    • How AI browsers open the door to new scams

      September 21, 2025

    Categories

    • Business (1,107)
    • Investing (3,081)
    • Politics (3,763)
    • Stocks (1,155)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 sportinvestorsleague.com | All Rights Reserved