Exhibit 99.1

Nova US Redomiciliation – Court Approves Convening of Scheme Meeting and Distribution of Scheme Booklet

Highlights

Nova Minerals Limited (Nova Minerals or the Company) (ASX: NVA, NASDAQ: NVA, NVAWW OTC: NVAAF, FSE: QM3) is pleased to provide an update on its proposed redomiciliation from Australia to the United States via schemes of arrangement between Nova Minerals and its Shareholders (Share Scheme) and Nova Minerals and its Listed Warrantholders (Warrant Scheme and together with the Share Scheme, the Schemes). Under the Schemes, Nova Minerals Corp, a newly formed corporation incorporated in the State of Nevada, United States (US Holdco), will acquire all of Nova Minerals’ issued ordinary shares and listed warrants, and in exchange:

Upon completion, US Holdco will become the new parent entity of the Nova Minerals group.

First Court Hearing – Orders

The Supreme Court of New South Wales (Court) has made orders approving:

Scheme Meetings

The Scheme Meetings to approve the Schemes will be held on Friday, 29 May 2026, commencing at 10.00am Sydney time, in person at the offices of Ashurst Australia at Level 8, 39 Martin Place, Sydney, New South Wales, Australia 2000, and online as detailed below under “How to vote”.

Shareholders holding Shares on ASX registered as at 7:00pm (Sydney time) on Wednesday, 27 May 2026 will be eligible to vote at the Share Scheme Meeting in person or by attorney or corporate representative, online at the meeting, or alternatively by completing the proxy form accompanying the Scheme Booklet.

Shareholders holding Shares on OTC registered as at 7:00pm (Sydney time) on Wednesday, 27 May 2026 will be eligible to vote at the Share Scheme Meeting in person or by attorney or corporate representative, online at the meeting, or alternatively by completing the proxy form accompanying the Scheme Booklet.

Bank New York Mellon acting as Depositary will set 12:00pm (New York time) on 21 May 2026, as the record date for the Nasdaq ADS Holders’s entitlement to vote at the Share Scheme Meeting. ADS Holders will be able to send their voting instructions to BNY. BNY will collect the voting instructions received prior to 12:00pm (New York time) on 21 May 2026, and will vote accordingly at the Share Scheme Meeting.

Holders of Nasdaq Listed Warrants registered as at 7:00pm (Sydney time) on Thursday, 21 May 2026 will be eligible to vote at the Warrant Scheme Meeting in person or by attorney or corporate representative, or alternatively by completing the proxy form accompanying the Scheme Booklet.

Shareholders and Listed Warrantholders are also advised that the notice of meeting for the Scheme Meetings are set out in Annexure H and Annexure I of the Scheme Booklet, respectively. These notices provide further details regarding the process for voting on the resolution to be considered at each Scheme Meeting.

How to Vote

Recipients of the Scheme Booklet will be able to vote as follows:

Dispatch of Scheme Booklet

The Scheme Booklet will be released to ASX and sent to Shareholders, ADS Holders and Listed Warrantholders following registration with the Australian Securities and Investments Commission. It will also be made available on Nova Minerals’ website at https://novaminerals.com.au/.

The Scheme Booklet is expected to be dispatched to Shareholders, ADS Holders and Listed Warrantholders on or before 28 April 2026, according to the following methods:

Independent Expert’s Report

The Scheme Booklet includes a copy of the Independent Expert’s Report prepared by RSM Corporate Australia Pty Ltd (ABN 82 050 508 024) (Independent Expert), which concludes that the Share Scheme is in the best interests of Shareholders (including the ADS Holders) and the Warrant Scheme is in the best interests of Listed Warrantholders. The conclusion of the Independent Expert should be read in the context of the full Independent Expert’s report (which is included at Annexure A of the Scheme Booklet) and the Scheme Booklet.

Scheme Consideration

Upon Implementation Date, the consideration issued by US Holdco will be structured as follows:

Small holders and ineligible holders

If you are a Shareholder holding Shares on ASX whose address is shown in the Company’s Australian share registry as being in a jurisdiction outside Australia, Belgium, Israel, New Zealand, Panama, United Kingdom and the United States or who is otherwise determined to be ineligible to receive CDIs based on applicable foreign law, you will be deemed an Ineligible Foreign Holder.

In addition, Shareholders of Nova holding Shares on ASX who are not Ineligible Foreign Shareholders and who hold less than A$500 worth of Shares based on the closing price on the last day of trading on ASX prior to the Record Date will be regarded as Small Parcel Holders.

The Company intends to implement a sale facility through which the CDIs that Small Parcel Holders and Ineligible Foreign Holders are entitled to will be sold on market by a sale agent. If you are an Ineligible Foreign Shareholder or a Small Parcel Holder, on the Implementation Date of the Schemes the CDIs you are entitled to will instead be issued to a sale agent. The sale agent will sell the CDIs as soon as reasonably practicable on ASX and, in any event, within 90 business days following the Implementation Date and remit the gross sale proceeds to the Company’s Australian share registry. The Company’s Australian share registry must then promptly remit to you your pro rata share of the gross proceeds (after deducting any taxes which may be required and which the recipient of the proceeds are responsible for) from the sale of such US Holdco CDIs sold through the Sale Facility.

Small Parcel Holders may elect to opt out of participating in the Sale Facility and retain their ownership interest in the Nova Minerals Group by completing and returning the Small Parcel Holder Election Form, or making their election on the Automic Investor Portal, in accordance with the instructions on that form or portal page. Further information will be included under “What if I am a Small Parcel Holder?” in Section 3 of the Scheme Booklet and Sections 5.5 and 5.6 of the Scheme Booklet.

Directors’ Recommendation

Subject to the Independent Expert continuing to conclude that the Share Scheme is in the best interests of the Shareholders and the Warrant Scheme is in the best interests of the Listed Warrantholders, the Directors of Nova Minerals unanimously recommend that:

Each director of Nova Minerals also intends to vote all Nova Minerals shares they hold in favour of the Share Scheme and all Nova Minerals listed warrants they hold in favour of the Warrant Scheme, subject to the same qualification.

Indicative timetable

The key dates expected for the Schemes are set out below.⁽¹⁾

Further Information

Nova Minerals encourages Shareholders, ADS Holders and Listed Warrantholders to read the Scheme Booklet in its entirety, including the materials accompanying it, before deciding whether to vote in favour of the Schemes.

If Shareholders, ADS Holders or Listed Warrantholders have additional questions about the Scheme Booklet or the Schemes, please contact the Information Line on 1300 103 392 (within Australia) or +61 2 9068 1925 (outside Australia) Monday to Friday between 8:30 am and 7:00 pm (Sydney time).

This announcement has been authorised for release by the Board of Directors.

For further information regarding Nova Minerals Limited, please visit the Company’s website (www.novaminerals.com.au).

About Nova Minerals Limited

Nova Minerals Limited is a Gold, Antimony and Critical Minerals exploration and development company focused on advancing the Estelle Project, comprised of 514 km² of State of Alaska mining claims, which contains multiple mining complexes across a 35 km long mineralized corridor of over 20 advanced Gold and Antimony prospects, including two already defined multi-million ounce resources, and several drill ready Antimony prospects with massive outcropping stibnite vein systems observed at surface. The 85% owned project is located 150 km northwest of Anchorage, Alaska, USA, in the prolific Tintina Gold Belt, a province which hosts a >220 million ounce (Moz) documented gold endowment and some of the world’s largest gold mines and discoveries including, Kinross Gold Corporation’s Fort Knox Gold Mine. The belt also hosts significant Antimony deposits and was a historical North American Antimony producer.