Amara Minerals secured a $2.2 million placement at a 25% premium, with Nova Minerals increasing its strategic investment by $500,000. Meanwhile, Nova Minerals completed its redomiciliation to the US, listing on NYSE American and delisting from ASX.
- Amara Minerals raises $2.2m at $0.005 per share, 25% premium
- Nova Minerals ups stake with $500,000 cornerstone investment
- Placement includes free attaching options subject to shareholder approval
- Nova Minerals completes US redomiciliation, NYSE American listing
- ASX delisting for Nova Minerals effective 17 June 2026
Amara Minerals Capital Raise Draws Strong Demand at Premium
Amara Minerals (ASX:AM3) has successfully raised approximately $2.2 million through a placement priced at 0.5 cents per share, representing a notable 25% premium to its last traded price of 0.4 cents. The placement, which will issue around 440 million new shares, also includes one free attaching listed option for every two shares subscribed. These options, exercisable at 0.8 cents and expiring in May 2029, await shareholder approval at an upcoming general meeting.
The premium pricing and strong demand underscore investor confidence in Amara’s Victorian antimony and gold projects, particularly following recent high-grade assay results from the Trojan Prospect at Lauriston. Hole AY2610, the deepest drilled at Trojan so far, returned 6.5 metres at 0.86% antimony and 0.59 g/t gold from 142.6 metres, including a higher-grade intercept of 0.8 metres at 3.13% antimony and 1.59 g/t gold. These results suggest an epizonal gold-antimony system akin to nearby deposits such as Fosterville and Costerfield, albeit with no guarantee of identical outcomes.
Nova Minerals Increases Strategic Investment Amid Corporate Shift
Strategic investor Nova Minerals Limited (ASX/NASDAQ: NVA) has committed an additional $500,000 to the placement, increasing its stake with 100 million shares and 50 million attaching options. This builds on its initial $1 million investment made in September 2025 and signals continued support for Amara’s exploration strategy. Nova’s CEO, Christopher Gerteisen, highlighted Victoria’s emergence as Australia’s leading antimony jurisdiction and expressed confidence in Lauriston’s potential as a high-grade discovery.
Chairman Mena Habib and Managing Director Ian Holland are also participating in the placement, contributing $75,000 and $25,000 respectively, subject to shareholder approval. Holland emphasised that the board’s participation at a premium price reflects shared confidence in the company’s trajectory as drilling activities progress at both Trojan and Apollo.
Use of Funds and Broader Exploration Ambitions
Funds from the placement will primarily fuel ongoing diamond drilling at Lauriston and Apollo, alongside general working capital and assessment of new opportunities. The Lauriston project, acquired in 2025, spans 28,700 hectares adjacent to the prolific Fosterville Mine and hosts the high-grade Comet discovery with previous drill results including 8 metres at 104 g/t gold. Apollo, also acquired in 2025, is positioned within Victoria’s Melbourne Zone and shows promising bulk-tonnage gold potential with antimony-bearing stibnite mineralisation similar to nearby deposits.
Nova Minerals Completes US Redomiciliation and NYSE Listing
In a parallel development, Nova Minerals has completed its corporate restructuring by redomiciling from Australia to the United States. The company executed schemes of arrangement transferring all issued shares and Nasdaq-listed warrants to a new US holding company (US Holdco). Shareholders received US Holdco securities in exchange for their Nova Minerals shares and warrants.
Trading of US Holdco shares and listed warrants on NYSE American is expected to commence on 17 June 2026, coinciding with the planned delisting of Nova Minerals from the ASX effective 17 June. US Holdco CHESS Depositary Interests (CDIs) will begin trading on ASX around 18 June 2026, maintaining a presence for Australian investors. This move aligns with Nova’s strategic focus on its Estelle Gold and Critical Minerals Project in Alaska, supported by a US$43.4 million Department of War grant aimed at developing a domestic antimony supply chain.
The redomiciliation marks a significant milestone for Nova, positioning it within a tier-one mining jurisdiction and potentially enhancing access to US capital markets and strategic partners. The company’s ongoing exploration and development efforts at Estelle, including a major drilling campaign and advancing antimony production, remain central to its growth plans.
Bottom Line?
Amara Minerals’ premium placement backed by Nova Minerals’ increased stake signals robust confidence in Victorian antimony prospects, while Nova’s US redomiciliation marks a strategic pivot with potential implications for shareholder liquidity and market positioning.
Questions in the middle?
- How will Amara’s drilling results at Lauriston and Apollo evolve with the newly raised funds?
- What impact will Nova Minerals’ US redomiciliation have on its shareholder base and liquidity?
- Will the attaching options in Amara’s placement gain shareholder approval and how might they affect future capital structure?