Pre-market surges! Nova Minerals (NVA.US) secures $43.4 million in US government funding to ensure the safety of the antimony supply chain.

On Wednesday, before the U.S. stock market opened, Nova Minerals (NVA.US) saw its stock price surge by over 32%. This came after the company announced that its U.S. subsidiary, Alaska Range Resources, had secured $43.4 million in funding from the U.S. Department of Defense for the production of antimony trisulfide at the Ester Gold Mine and other key mineral projects in Alaska. The company stated that this funding will help accelerate the establishment of a complete domestic antimony supply chain in the United States, enabling the mining, beneficiation, and refining of stibnite ore, and ultimately producing military-grade antimony trisulfide to meet the raw material needs of the U.S. defense industry. Nova Minerals CEO Christopher Gerteisen said, "This funding will support the initial phase of our strategic plan. We intend to use Alaska as a base to establish a modern antimony mining and refining center covering the entire industry chain, supplying refined antimony products to the U.S. industrial base and broader market."