other material
confidence high
sentiment positive
materiality 0.60
Nova Minerals gets $25M AIDEA funding for West Susitna Access Road; drilling underway
Nova Minerals Ltd
- AIDEA board approved up to $25M additional funding on Aug 27, 2026 for geotechnical drilling and road works.
- West Susitna Access Road is a 78.5-mile year-round road linking Estelle Project to Port MacKenzie antimony refinery.
- Geotechnical drilling progressing: 3 material sites complete, 4th near complete; 14 sites pending federal authorization.
- Little Susitna River Bridge: 7 of 8 test holes done; Susitna River Bridge drilling complete at 4 pier locations.
- Phase 1 antimony production fully funded by $43.4M U.S. Department of War Defense Production Act award.