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Nova Minerals Nears Start of Alaska Antimony Processing Facilities Construction; Shares Up 3%

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Nova Minerals (ASX:NVA) said it was progressing the start of the construction of the antimony processing facilities at its processing site in Port MacKenzie, Alaska, with first antimony production targeted for 2027, according to a Friday Australian bourse filing.

A barge carrying crushing, ore sorting, milling, flotation, and refining equipment is en route to the firm's Alaska operations, per the filing. It acquired a recently decommissioned modern processing facility in North America, and other processing equipment from across North America.

The Port MacKenzie plant is designed to initially process stibnite-bearing material into antimony trisulfide as part of a US Department of War project, the company said.

The company's shares rose past 3% in recent trading on Friday.

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