Nova Minerals plans to go ahead with a corporate reorganisation, which will include the shift of its corporate home to the US.
The company will reorganise under a new US incorporated parent company, which will be named Nova Minerals Corp., while retaining its dual ASX and Nasdaq listings — a structure the board says will improve access to lower-cost U.S. equity capital and increase the company’s appeal to a broader U.S. investor pool, as well as avoid regulatory constraints.
The move was triggered by Nova’s loss of U.S. foreign private issuer (FPI) status from mid-2026 after majority of its shares were held by U.S. investors at the end of 2025.
Nova expects to complete the redomiciliation by the end of June, subject to shareholder and court approvals.
CEO Christopher Gerteisen said the growing US ownership of the register created an opportunity to unlock the benefits of redomiciliation to the US.
“This change will enable many large institutional investors to invest in the company where this was not possible under the current ADS structure,” Gerteisen said, adding that ASX and Nasdaq shareholders are expected to continue holding and trading their securities in the same way.
“We are excited about the next chapter in the company’s growth and will keep the market informed as these initiatives progress,” he said.
As part of the reorganisation process, Nova also plans to acquire the remaining 15 per cent interest in its flagship Estelle gold and critical minerals project, giving it 100 per cent ownership.
Nova said full ownership of the Alaska-based project is expected to simplify funding access and support the project’s rapid progression towards construction and production.
Nova will also commence a formal search for a new CFO after Michael Melamed gave his three-month notice, effective April 30. The company is seeking a US-based CFP with extensive experience in US mining operations and US GAAP accounting.