Nova Minerals Corp
NVA, NVAAF, NVA-WT · Gold and Silver Ores · EDGAR filings ↗
Grade
D51Exploration-stage gold/antimony miner with no reserves, no revenue and limited cash.
Strengths
- Debt-free after converting the Nebari loan; current/quick ratio 3.49 and recent ~$12M raise
- Sizeable S-K 1300 gold resource (5.17 Moz) plus strategic antimony optionality
Risks
- No reserves, no production until ~2027; binary dependence on feasibility study and U.S. DoD grants
- Low cash ($5.9M, 21.9th pct) and ~4.6 quarters runway; negative returns and FCF with ongoing dilution
- Single-asset, exploration-stage execution and commodity-price risk
Notable findings
- Cash burnNegative free cash flow (-5.1M)
Key metrics
Return on equity
-10.1%
Return on assets
-9.9%
Current ratio
3.5×
Free cash flow
-$5M
Tangible book value
$72M
Cash & investments
$6M
Cash runway
5q
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-22 | OtherExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-22 | 2026-06-22 | 0001493152-26-029471 ↗ |
| 20-F | 2025-09-19 | 2025-06-30 | 0001493152-25-014226 ↗ |
| 20-F | 2024-10-29 | 2024-06-30 | 0001493152-24-042879 ↗ |