U.S. Funds Port MacKenzie Rail Extension for Critical Minerals

The United States government committed $249 million to complete the Port MacKenzie Rail Extension in Alaska, covering approximately 80% of the project's estimated $311 million cost. The 32-mile rail line will connect Port MacKenzie to the Alaska Railroad Corporation’s main network, establishing a direct transport route for Nova Minerals Corp's planned antimony processing and refining facility.

This infrastructure investment is part of a broader strategy to expand logistics in Alaska’s Mat-Su region to support critical minerals projects, including the Estelle Gold and Critical Minerals Project. Nova Minerals is also utilizing a $43.4 million award from the United States Department of War to establish a domestic antimony supply chain, with production targeted for 2027 to serve the defense and technology sectors.

Christopher Gerteisen, Chief Executive of Nova Minerals Corp, stated that the rail extension is a step forward in delivering necessary infrastructure to get critical minerals to market efficiently. He noted that the company's antimony facility will be part of the first modern, secure, and fully integrated antimony supply chain in the United States in decades.