Business
Why the Nova Minerals (ASX:NVA) share price is flying 7% higher today
The Nova Minerals Ltd (ASX: NVA) share price is trading 7.5% higher today following the release of a project update and a letter from the CEO.
Today’s latest share price rally means Nova has now returned more than 233% in the last year. This is in contrast to the S&P/ASX 200 Index (ASX: XJO), which has seen a loss of 5.72% over the same period.
What’s pushing the Nova Minerals share price higher?
After temporarily entering a trading halt this morning, Nova Minerals released an update on its Thompson Brothers lithium project located in Manitoba, Canada. This project is owned by Nova’s unlisted subsidiary, Snow Lake Resources.
In the update, Nova outlines its intentions to advance the Thompson Brothers Project. The reasoning…
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