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NVABearishCorporate Developmentsnews

High materiality7/10

Nova Minerals Corrects Market Cap After Redomiciliation; Valuation ~$166M

Jun 30, 2026, 6:35 AM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

The correction from a previously implied $2.1B cap to ~$166M invites immediate repricing; investors who anchored on inflated cap may sell; long-term value depends on project milestones and cash flow.

AI summary

What happened, with direct paths to the underlying reporting

Nova Minerals states that market-cap figures reported by some sites were inaccurate after its June 16, 2026 US redomiciliation. It now shows 458,140,036 ordinary shares outstanding pre-exchange and 38,181,050 new shares issued at 1-for-12, implying a ~US$166 million market value at current prices. The Estelle Gold project and a US$43.4 million Department of War grant support near-term production and a domestic antimony supply chain.

Nova Minerals clarifies market cap after US redomiciliation; cap about US$166M.
Redomiciliation yields 38.18M new shares via 1-for-12 exchange.
Estelle project funded by $43.4M DoD grant; production late 2026/2027.
Targeting domestic antimony supply chain aligns with US minerals strategy.

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