NVMN: New Buzz for AAPL Possibly Buying Tesla Further Highlights Critical Lithium Shortage
SAN ANTONIO, Jun 29, 2012 (BUSINESS WIRE) -- Management of Nova Mining Corp. NVMN +10.00%disclosed today that they are further reassured that their recent move to secure valuable Lithium product from three large licensed Lithium fields is economically sound and perfectly timed, due to recent important events. Multiple articles about Apple's AAPL -0.14% booming iPad sales, smartphones and electric cars driving up lithium prices and tightening demand have recently hit the news as these items need lithium as the main ingredient in their long-life batteries. Consumers are anticipating an Apple iPhone 5 to be released this year and now there are articles and blogs alluding to the question of whether Apple would buy Tesla Motors TSLA -0.38% . In other words, the hugely popular American electronics company credited with sparking the current run on lithium may move to acquire the progressive American electric car company that also needs massive amounts of lithium for their long-life batteries.
"We originally planned to quickly move to secure lithium supply agreements with battery manufacturers," said Nova Mining President James Dilger. "However, every day that passes gives us cause to believe that the price of Lithium will quickly shift from rising to skyrocketing. Our focus, of course, would be to get the most lucrative deal possible -- and that may mean there could be some wisdom in holding out a bit. Our mission is maximum profitability."
Last week, Nova Mining Corp executed a LOI with Mongolian National Mining Consultants Limited (MNMC) for the exclusive right to purchase 100% of the Lithium produced from three large licensed MNMC mining properties at a discount to market price. MNMC is a Hong Kong company, with its principal business operations in Ulaanbaatar, Mongolia. MNMC is the registered owner of multiple mining properties that are located in Mongolia. Recent Surveys of MNMC's large mining properties indicate significant quantities of commercially recoverable Lithium reserves.
Nova Mining Corp. (NVMN) seeks out the most potentially lucrative mining projects and supplies of strategic high-demand minerals, such as lithium, as part of its aggressive economic business model. Lithium is the main ingredient in long life batteries, like those used in many of Apple's popular electronic devices, Microsoft's MSFT +2.27% new Surface tablet and new electric cars.
More information on Nova Mining Corp can be seen at: http://www.nova-mining.com
About Nova Mining Corp. NVMN +10.00%
Nova Mining Corporation is a Nevada corporation listed on the OTCBB under the trading symbol NVMN. The Company is a growth-focused entity that seeks to acquire an international portfolio of strategic high-demand mineral mining assets. Nova Mining competes in an industry sector that includes FMC Corp FMC +3.30% .
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
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SOURCE: Nova Mining Corporation Nova Mining Corporation James Dilger, 210-581-7753
Copyright Business Wire 2012
"We originally planned to quickly move to secure lithium supply agreements with battery manufacturers," said Nova Mining President James Dilger. "However, every day that passes gives us cause to believe that the price of Lithium will quickly shift from rising to skyrocketing. Our focus, of course, would be to get the most lucrative deal possible -- and that may mean there could be some wisdom in holding out a bit. Our mission is maximum profitability."
Last week, Nova Mining Corp executed a LOI with Mongolian National Mining Consultants Limited (MNMC) for the exclusive right to purchase 100% of the Lithium produced from three large licensed MNMC mining properties at a discount to market price. MNMC is a Hong Kong company, with its principal business operations in Ulaanbaatar, Mongolia. MNMC is the registered owner of multiple mining properties that are located in Mongolia. Recent Surveys of MNMC's large mining properties indicate significant quantities of commercially recoverable Lithium reserves.
Nova Mining Corp. (NVMN) seeks out the most potentially lucrative mining projects and supplies of strategic high-demand minerals, such as lithium, as part of its aggressive economic business model. Lithium is the main ingredient in long life batteries, like those used in many of Apple's popular electronic devices, Microsoft's MSFT +2.27% new Surface tablet and new electric cars.
More information on Nova Mining Corp can be seen at: http://www.nova-mining.com
About Nova Mining Corp. NVMN +10.00%
Nova Mining Corporation is a Nevada corporation listed on the OTCBB under the trading symbol NVMN. The Company is a growth-focused entity that seeks to acquire an international portfolio of strategic high-demand mineral mining assets. Nova Mining competes in an industry sector that includes FMC Corp FMC +3.30% .
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50327545&lang=en
SOURCE: Nova Mining Corporation Nova Mining Corporation James Dilger, 210-581-7753
Copyright Business Wire 2012
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