Nova Minerals Ltd (ASX:NVA, NASDAQ:NVA, FRA:QM3) announced on Tuesday that it has secured court approval for its proposed corporate restructure, clearing the final major hurdle before the dual-listed company shifts to a new US-based holding structure.
The Supreme Court of New South Wales has approved schemes of arrangement under which newly incorporated Nova Minerals Corp will acquire all issued ordinary shares and listed warrants in Nova Minerals and become the new holding company for the group.
The approval follows overwhelming support from both shareholders and warrant holders at scheme meetings held on May 29.
Nova said 98.88% of votes cast by shareholders supported the share scheme, while 99.89% of votes cast by beneficial warrant holders backed the warrant scheme.
The company expects the schemes to become legally effective once court orders are lodged with the Australian Securities and Investments Commission (ASIC), which is expected to occur on Wednesday.
Under the timetable released by the company, Nova shares will cease trading on the ASX and Nasdaq on June 3, with implementation of the schemes scheduled for June 16. Nova Minerals is then expected to be removed from the ASX official list and the new US holding company admitted to trading on the New York Stock Exchange (NYSE).
Shareholders back restructure
The court approval came a day after shareholders and warrant holders voted overwhelmingly in favour of the transaction.
Nova said the restructure will establish Nova Minerals Corp as the group's new US holding entity, replacing the existing Australian parent company while maintaining ownership of the company's underlying assets and operations.
The proposal received support from 87.29% of shareholders present and voting, while 85.71% of beneficial warrant holders participating in the meeting also voted in favour.
Prior to the meetings, an independent expert concluded the share scheme was in the best interests of shareholders and the warrant scheme was in the best interests of warrant holders. Nova's directors unanimously recommended investors vote in favour of both proposals.
Focus remains on Alaska gold and antimony
The redomicile comes as Nova advances development of its Estelle Gold and Critical Minerals Project in Alaska, where the company is pursuing both gold and antimony opportunities.
Nova recently launched its fully funded 2026 field season at Estelle, with work focused on advancing the project's gold resource base and assessing antimony potential across multiple prospects.
The company has attracted growing investor attention for its antimony strategy following the award of US$43.4 million in US government funding aimed at establishing a domestic antimony supply chain in the United States.
Nova has said it is targeting initial antimony production in late 2026 or 2027 while continuing to advance what it describes as one of the world's largest undeveloped gold deposits.
The company has also been increasing its engagement with US policymakers and industry groups as Washington seeks to strengthen domestic supplies of critical minerals and reduce reliance on overseas sources for strategic materials.
Following implementation of the schemes, Nova Minerals Corp shares and warrants are expected to begin trading on the NYSE, while CHESS Depositary Interests (CDIs) in the new holding company will continue to trade on the ASX.