Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Comey to be arraigned in federal court after...
Comey pleads not guilty in court after indictment...
Houthi rebels test US ceasefire with deadly strike...
Kushner joins Witkoff for Gaza ceasefire talks as...
Cuomo rips Mamdani’s freebie ‘fantasy,’ says AOC proved...
White House escalates shutdown consequences as Democrats show...
Moderate Dem undercuts Jeffries on ObamaCare compromise as...
MIKE DAVIS: The Supreme Court betrayed again —...
Senate Democrats defy White House warnings, again block...
Greta Thunberg slammed for using image of starved...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

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

previous post
Charbone Hydrogene resout la perturbation temporaire du service a la centrale hydroelectrique Wolf River et renforce le focus mis sur la production d’hydrogene vert
next post
Lode Gold Updates US OTC Market Symbol to LODFF

You may also like

Top 5 Canadian Biotech Stocks in 2025

April 23, 2025

Macquarie Electro Jet Silver Extraction Recovery

September 4, 2025

Editor’s Picks: Marathon Project Gets Nod, Rio Tinto...

June 7, 2025

FPX Nickel and JOGMEC select the Advocate Nickel...

September 23, 2025

Osisko Metals Intersects 731 Metres Averaging 0.29% Cu...

August 13, 2025

New Cannabis Consumption Trends, Regulatory Shifts Seen Driving...

May 5, 2025

Cizzle Brands’ CWENCH Hydration Becomes USA Hockey’s Official...

April 3, 2025

Harvest Gold Announces Annual General Meeting Results

June 14, 2025

Strategic Resources Engages Lead Bank for its Construction...

July 25, 2024

White Cliff Minerals Limited (ASX: WCN) – Trading...

October 14, 2024

Recent Posts

  • Comey to be arraigned in federal court after being indicted for alleged false statements, obstruction
  • Comey pleads not guilty in court after indictment on alleged false statements, obstruction
  • Houthi rebels test US ceasefire with deadly strike on cargo ship
  • Kushner joins Witkoff for Gaza ceasefire talks as Trump pushes peace plan: ‘Cautiously optimistic’
  • Cuomo rips Mamdani’s freebie ‘fantasy,’ says AOC proved socialism fails after killing NYC Amazon deal

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


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

    Categories

    • Business (936)
    • Investing (3,147)
    • Politics (3,845)
    • Stock (4)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.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 Sightful Invest. All Rights Reserved.