$NVA-WT

Nova Minerals Corp

CIK:0001852551|SEC Filings

Consolidated Statements of Operations - USD ($)	12 Months Ended
Consolidated Statements of Operations - USD ($)	Jun. 30, 2026	Jun. 30, 2025
Operating income/(expense)
Government grant income, net	$ 11,209,945
Exploration and evaluation	(20,002,918)	(4,372,009)
General and administrative	(6,464,825)	(5,126,119)
Stock-based compensation expense	(7,955,643)	606,537
Depreciation and amortization	(884,776)	(336,253)
Loss from operations	(24,098,217)	9,227,844
Non-operating income/(expense)
Interest income	646,062	113,268
Provision for credit losses	(297,789)	(3,109,774)
Gain on sale of equity investment securities	197,744	4,487,551
Unrealized gain/(loss) on equity investment securities	539,941	(205,627)
Amortization of financial liability		(210,286)
Loss on derivative liabilities		(3,439,422)
Foreign currency gain/(loss)	107,977	(175,908)
Other income	219
Total non-operating income/(expense)	1,194,154	(2,540,198)
Loss before income taxes	(22,904,063)	(11,768,042)
Income tax expense	(2,693,240)
Net Loss	(25,597,303)	(11,768,042)
Other comprehensive loss:
Equity adjustment from foreign currency translation		(7,091,200)
Total Comprehensive Loss	$ (25,597,303)	$ (18,859,242)
Loss per share:
Basic	$ (0.72)	$ (0.49)
Diluted	$ (0.72)	$ (0.49)
Weighted-average shares outstanding
Basic	35,742,673	23,985,650
Diluted	35,742,673	23,985,650

Consolidated Statement of Cash Flows - USD ($)	12 Months Ended
Consolidated Statement of Cash Flows - USD ($)	Jun. 30, 2026	Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (25,597,303)	$ (11,768,042)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	884,776	336,253
Amortization of financial liability		210,286
Loss on derivative liabilities		3,439,422
Stock-based compensation expense	7,955,643	(606,537)
Unrealized (gain)/loss on equity investments	(539,941)	205,627
Provision for credit losses	297,789	3,109,774
Gain on sale of equity investment	(197,744)	(4,487,551)
Unrealized foreign exchange loss		1,785,747
Changes in operating assets and liabilities:
Accounts receivable	(5,278,612)	(24,132)
Accounts payable	3,299,281	92,963
Income taxes payable	1,690,154
Prepaid expenses	(1,981,069)
Deferred government grant	9,943,238
Deferred taxes	1,003,085
Other accrued expenses	(279,082)
Net cash used in operating activities	(8,799,785)	(7,706,189)
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to plant and equipment	(2,739,166)	(141,169)
Purchase of equity investments	(1,030,350)
Loans repaid by Snow Lake Resources		64,710
Loans advanced to other entity		(516,030)
Proceeds from sale of plant and equipment		42,553
Proceeds from sale of equity investments	238,511	6,795,855
Net cash (used in)/provided by investing activities	(3,531,005)	6,245,919
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of shares, net	31,903,831	4,712,395
Proceeds from exercise of options	2,264,713	1,742,616
Principal payments on lease liabilities	(768,956)
Principal payments on notes payable	(199,207)
Net cash provided by financing activities	33,200,381	6,455,012
Net increase in cash and cash equivalents	20,869,591	4,994,741
Effect of exchange rate changes on cash and cash equivalents	(35,403)	(1,145,529)
Cash and cash equivalents, beginning of year	5,949,572	2,100,359
Cash and cash equivalents, end of year	$ 26,783,760	$ 5,949,572

Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Jun. 30, 2025
Current Assets
Cash and cash equivalents	$ 26,783,760	$ 5,949,572
Accounts receivable, net	5,511,000	530,177
Prepaid expenses	2,143,408	162,339
Equity investment securities	1,749,728	201,091
Total Current Assets	36,187,896	6,843,179
Non-Current Assets
Mineral property assets	2,520,467	2,520,467
Plant and equipment	5,046,786	1,470,279
Finance right-of-use asset	2,418,235
Total Assets	46,173,384	10,833,925
Current Liabilities
Accounts payable	3,608,263	308,982
Income taxes payable	1,690,154
Finance lease liabilities - current	496,100
Deferred government grant - current	2,200,677
Notes payable - current	346,560
Other accrued expenses	3,209,859	1,637,790
Total Current Liabilities	11,551,613	1,946,772
Non-Current Liabilities
Finance lease liabilities - non-current	1,378,034
Deferred government grant - non-current	7,742,560
Deferred taxes -non-current	1,003,085
Notes payable - non-current	935,108
Total Liabilities	22,610,400	1,946,772
Shareholders’ Equity
Common stock, $0.001 par value, 500,000,000 authorized; 38,181,050 issued and outstanding as of June 30, 2026, and 26,919,165 issued and outstanding as of June 30, 2025	38,181	26,919
Additional paid-in capital	166,499,782	126,237,910
Equity adjustment from foreign currency translation	(6,662,753)	(6,662,753)
Non-controlling interest	673,907	673,907
Accumulated deficit	(136,986,133)	(111,388,830)
Total Shareholders’ Equity	23,562,984	8,887,153
Total Liabilities and Shareholders’ Equity	$ 46,173,384	$ 10,833,925