US-Based Nova Minerals Explores Long-Term Investment in Pakistan’s Mining Sector

US-based mining company Nova Minerals has expressed strong interest in establishing long-term investments in Pakistan’s expanding mineral sector. The firm, which specializes in gold, antimony, and rare earth elements, recently held discussions with Pakistan’s Board of Investment to explore opportunities for joint ventures, technical partnerships, and detailed feasibility studies aimed at developing high-value mining projects.

During the meeting, Investment Minister Qaiser Ahmed Sheikh underscored Pakistan’s vast but largely untapped mineral reserves. He stressed the government’s priority of shifting from exporting raw materials to promoting value-added processing within the country, ensuring greater economic gains and job creation.

Nova Minerals’ interest comes at a crucial time, following Pakistan’s first shipment of rare earth and critical minerals to the United States under a $500 million agreement focused on jointly developing the mineral value chain. This milestone has strengthened global confidence in Pakistan’s mining capabilities and highlighted the country's strategic importance in supplying minerals essential for modern technologies.

The government reaffirmed its commitment to supporting foreign investors through transparent regulations, sustainable mining practices, and technology-driven development. Authorities believe that partnerships with international firms like Nova Minerals will accelerate sectoral growth, enhance exports, and help Pakistan integrate into global supply chains for critical minerals.