Nova Minerals Corp has clarified that its market capitalization is approximately US$166 million following the completion of its redomiciliation to the United States, correcting inaccurate third-party reports that cited a figure of roughly US$2.1 billion. The company emphasized that the erroneous data appeared on certain publicly available investment websites and does not reflect its actual capital structure. The correction follows the company's Current Report on Form 8-K filed on June 16, 2026, which detailed the corporate restructuring.

As of June 16, 2026, Nova Minerals Limited held 458,140,036 ordinary shares outstanding. Under the terms of the redomiciliation, these shares were exchanged for common stock in the U.S.-domiciled entity at a 1-for-12 exchange ratio. This conversion resulted in the issuance of an aggregate of 38,181,050 shares of common stock, including a limited number of additional shares issued to account for rounding. The company stated that the US$166 million market capitalization is derived from this share count and its current trading price.

The company advised investors to rely solely on official filings with the U.S. Securities and Exchange Commission for accurate information regarding its capital structure and other public disclosures. Nova Minerals disclaimed responsibility for the incorrect figures published by external data providers. The redomiciliation process was finalized to align the company's corporate presence with its operational focus in the United States.

Nova Minerals continues to advance the Estelle Gold and Critical Minerals Project in Alaska. The project hosts two defined multi-million-ounce gold resources along a 35-kilometre mineralised trend in the Tintina Gold Belt. Additionally, the company's critical minerals strategy is fully funded by a US$43.4 million award from the U.S. Department of War to develop a domestic antimony supply chain, targeted for production in late 2026/2027.