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Benzinga
Benzinga
Business
Akanksha Bakshi

Nova Minerals Scores $43 Million US Defense Funding

Nova United States ARR NVA Alaska
ETFs defense spending

Nova Minerals Limited (NASDAQ:NVA) announced that its wholly owned U.S. subsidiary, Alaska Range Resources, LLC (ARR), has secured $43.4 million in funding under the Defense Production Act Title III.

The award, granted by the U.S. Department of War (DoW), is designated for the production of antimony trisulfide at Nova’s Estelle Gold and Critical Minerals Project in Alaska.

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