The Buy-Back is intended to improve shareholder returns, enhance capital efficiency while maintaining the Company's flexibility to pursue growth and other means of generating shareholder value.
NVA CEO, Mr.
The Company believes that at a certain price, a Buy-Back is in the Company's best interests and will not compromise its ability to meet its stated short to medium term exploration and development objectives. The Company will decide at its discretion whether to utilise any of the
The Buy-Back period will remain in place for a period of up to 12 months or until completed.
Nova may vary, suspend or terminate the Buy-Back based on its prevailing view of market conditions and other factors which it considers may affect shareholder interests. The shares that are subject to the Buy-Back will be purchased at a price of not more than 5% above the 5-day volume weighted average price of Nova's shares (at the time of trade). The Company has appointed
About
The company plans to create shareholder value through two-pronged strategy:
- Capitalise on the growing demand for energy storage and the resulting demand for lithium, cobalt and nickel by fast-tracking exploration and development activities in our North American assets with particular focus on our flagship lithium project and prospective Chip-Loy Nickel Cobalt Sulphides project.
- Diversification by gaining exposure to base and precious metals through our farm-in JV at our district scale
Contact:
P: +61-3-9614-0600
F: +61-3-9614-0550
WWW: novaminerals.com.au
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