Nova Minerals Lands U.S. Government Funding For Antimony In Alaska

The United States Department of War is pouring more cash into securing the future of domestic antimony supply. And they’re partnering up with a company on the Nasdaq to do it.

What’s happening:

• Nova Minerals' (NASDAQ: NVA) wholly owned subsidiary Alaska Range Resources has been awarded $43.4M USD in Defense Production Act Title III funding by the United States Department of War to accelerate domestic antimony production
  

Why it matters:‍

• This is the first time that Nova Minerals has ever been granted federal funding since the company was first formed
  

Going deeper:‍

• Nova Minerals has publicly stated they will use the new Defense Production Act Title III funding to build out the first fully integrated supply chain for antimony within America, from mining antimony stibnite to producing military grade antimony trisulfide which can be used in ammunition, semiconductors and even energy systems
  
• Nova Minerals’ flagship Estelle Project located in Alaska is expected to be able to produce nearly 40% of the current demand for antimony in the United States once its in full scale operation
  

The intrigue:‍

• United States Antimony Corp (NYSE: UAMY) also just recently made waves on Wall Street when they landed a $245M USD contract from the United States Defense Logistics Agency for the supply of antimony ingots

‍