U.S. Government Commits Nearly $250 Million to Port Mackenzie Rail Infrastructure, Supporting Alaska’s Resource development and providing a direct transport link to Nova Minerals planned critical minerals processing and refining hub.

The U.S. government committed a $249 million federal grant to complete the 32-mile Port MacKenzie Rail Extension, covering roughly 80% of the $311 million project. The rail line will link the Alaska Railroad main line to Port MacKenzie, with a direct siding at Nova Minerals' planned antimony processing and refining hub, de-risking logistics for the company's Estelle Gold and Critical Minerals Project. Nova says the facility will anchor what it calls the first modern, fully integrated U.S.

AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.