Nova Minerals Corp. announced it has received final approvals from the Alaska Department of Natural Resources for its Department of War-funded antimony project. This completes the permitting process, allowing the company to begin construction and development to establish a U.S. domestic antimony supply chain.
Key Details
- Project Milestone: The final permits for the Plan of Operations and Reclamation Plan clear the path for the project to advance toward its production target.
- Timeline & Target: The company is now focused on project execution, with antimony production targeted for 2027.
- Funding & Scope: Phase 1 development is fully funded by a $43.4 million award from the U.S. Department of War to produce military-grade antimony trisulfide.
- Operational Readiness: All major long-lead equipment has been procured and delivered, and essential engineering and metallurgical test work has been completed.