NOVA MINERALS CORP
ASX:NVAMaterialsToday’s holders own 99.6% of what they think they own, once every option and right converts.
Share count grew 68% in 24 months; runway 2–4 quarters; 2 cash raises in 24 months
NOVA MINERALS CORP's ordinary share count increased 68.5% between September 2024 and June 2026, its latest share-count filing, to 458M shares. The company raised capital twice in the past 24 months for total disclosed proceeds of A$52.2M, most recently an A$33.7M underwritten public offering in December 2025. Options and rights on issue could convert into 2M new shares, representing 0.4% of the current share count, none of which are in the money; the nearest expiry falls in July 2028. The company has 2 to 4 quarters of funding at the recent spend rate. One proposed securities issue (Appendix 3B) is pending, with an expected issue date in November 2026.
Quick answers · 5
Is NVA raising capital?
Nova Minerals Corp has 1 proposed issue of securities pending under Appendix 3B as at 28 Oct 2026; the most recent raise announced is Underwritten public offering (NASDAQ offering) of $33.7M on 19 Dec 2025.
How much placement capacity does NVA have left?
About 35% of the 15% placement capacity left, about 65% used in 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.
How much cash does NVA have?
In its quarterly cash report for the quarter ended 31 Mar 2026, Nova Minerals Corp reported $47.0M of cash and estimated 5.7 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do NVA's options expire?
Unexercised options and rights equal 0.4% of Nova Minerals Corp's shares on issue; the nearest expiry is July 2028.
How much has NVA's share count grown?
Nova Minerals Corp has 458.3M shares on issue as at 28 Oct 2026, up 68.5% over 24 months according to its Appendix 2A filings.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 11 Aug 2026 | 3G · unquoted | CHESS DEPOSITARY INTERESTS | 220.8M | Appendix 3G |
| 16 June 2026 | 3H · cancellation | NVADC : CDI 12:1 DEFERRED SETTLEMENT | 456.1M | Appendix 3H |
| 2 June 2026 | 2A · quoted issue | NVA : ORDINARY FULLY PAID | 458.1M | Appendix 2A |
| 15 May 2026 | 2A · quoted issue | NVA : ORDINARY FULLY PAID | 458.1M | Appendix 2A |
| 13 May 2026 | 2A · quoted issue | NVA : ORDINARY FULLY PAID | 456.2M | Appendix 2A |
Each filing states the count for the security it names, as at its own reference date and in the units of that filing — so the newest row (220.8M) need not equal the current count above (458.3M).
Securities on issue over time
Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.
Capital raises
2 cash raises in the last 24 months · 1 in the last 12 months
Forward supply
Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.
Placement capacity
How much stock a company can place without asking holders. Listing Rule 7.1 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
- Price-triggered1.6M · 0.4% of sharesOptions and warrants — they convert when the share price clears their exercise price.At least 1.2M of it states no exercise price — that much cannot be called in or out of the money.
- Condition-triggered200k · 0.0% of sharesPerformance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
Exercise price on record: 373k priced, 1.4M where the filing never states one. A security with no exercise price is never counted in the money — nothing is paid to convert it, so there is no price for it to be above.
Each figure is the filing’s own count of securities, not a share count — a 2A never states what one security converts into.
An exercise price is on record for only 20.6% of this supply, so what is in the money today is not a measurement — the tile above reads “—” for that reason. Of the priced supply, 0 is in the money at $0.43 today. No more priced supply until 5× today’s price, which takes it to 332k (0.1% of shares).
- Priced supply in the money at the price on the axis — the curve, and the only thing on it. Ten prices, sampled: between two of them the true figure lies between the two.
- 1.4M (79.4% of the supply above) states no exercise price at all. It cannot be called in or out of the money at any price, which is why it is hatched rather than plotted.
- 41k more carries an exercise price above ten times today’s — off the right of this axis, and in every total on this page.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| NVAAAB | Warrants | Price-triggered | $10.37 | 25 July 2028 | 2k | Filing |
| NVAAV | Warrants | Price-triggered | $1.45 | 25 July 2029 | 332k | Filing |
| NVAAAC | Warrants | Price-triggered | $7.50 | 24 Sept 2029 | 710 | Filing |
| NVAAAD | Warrants | Price-triggered | $13.88 | 17 July 2030 | 38k | Filing |
| NVAAM | Performance rights | Condition-triggered | — | — | 200k | Filing Meeting |
| NVAAAA | Options | Price-triggered, no exercise price stated | — | — | 1.2M | Filing |
“Nil” is a stated nil exercise price: nothing is paid to convert. An em dash means the filing names no exercise price at all. Security is read from the filing’s own class description; an em dash there means the description is not one this table labels. One row is one security class, at the number stated in the most recent quotation application that restated it — linked, and dated, in the last column. For what expires soon across other listed companies, see the options expiry calendar.
A condition-triggered class has no exercise price and usually no expiry: what it vests on is set by a shareholder resolution, not by the register. Where the company lodged a notice of meeting before the class first appears here, it is linked as “Meeting” — that is where terms of this kind are put to shareholders. It is not confirmation that the document sets this class’s conditions, and no link appears where there is no such filing.
- NVAAXPrice-triggered17.4M securities → 016 June 2026 Appendix 2A
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 26 Oct 2026 | Mr Joshua Girnun | Buy on-market | 7k | — | — | $20k | 3Y notice |
| 19 Oct 2026 | Mr Christopher (Chris) Gerteisen | Buy on-market | 51k | 344k | 133k | $20k | 3Y notice |
| 16 Oct 2026 | Mr Avrohom (Avi) Geller | Buy on-market | 2k | — | — | $5k | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.