Nova Minerals Rebuts Short Seller Report, Reaffirms Progress at Alaska Estelle Project
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Nova Minerals has rebutted a report by short seller Spruce Point Capital, claiming the report's allegations are historical and immaterial. The company emphasizes its progress at the Estelle Project in Alaska, highlighting over A$100 million invested in exploration and a US$43.4 million government grant. Nova urges investors to rely on its official disclosures, countering claims about operational challenges. Despite a recent analyst rating of Sell with a A$0.71 price target, Nova positions itself as financially disciplined and operationally advancing.
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