SYDNEY: Nova Minerals Limited announced that its subsidiary, Snow Lake Resources Ltd., plans to conduct a registered initial public offering (IPO) in the United States.

The timing, number of securities and price of the proposed offering have not yet been determined.

Snow Lake Resources Ltd, based in Manitoba, Canada is rapidly advancing the Thompson Brothers Lithium Project.

Work programs will commence with the recently announced PEA and the assessment and feasibility of downstream processing facilities located in proximity to European or North American future potential offtake end users.

Snow Lake is also conducting an assessment of the integration of multiple renewable and power generation sources, battery storage and advanced control systems to service full load requirements.

All while driving costs down and minimizing our carbon footprint during lithium extraction and processing stage in line with Manitoba Innovation, Energy and Mines clean energy strategy.