Nova Mining Corp. (OTCBB:NVMN) President James Dilger leaves for China tomorrow for the purpose of negotiating lithium pricing with multiple lithium-ion battery manufacturers there.
Chinese electronics manufacturers may start a bidding war for critically short supplies of lithium to protect their industry. (Photo: Business Wire)
“It may be important to note that I did not call on anyone, but was invited to see manufacturers there right after the news began breaking about the critical shortage in lithium supplies,” stated Dilger. “Phenomenal Apple (NASDAQ: AAPL) iPad sales, exploding smartphone manufacturing and multiple tablet brand manufacturing are openly credited with sparking this lithium shortage and prices have already tripled. It is no secret that Chinese manufacturers would want to do everything in their power to support those manufacturing efforts by not running out of the main ingredient for long-life batteries for their electronics production industry.”
“According to Bloomberg Businessweek, even large investment banks and hedge funds are quickly moving to profit from the new lithium demand and market conditions,” Dilger continued. “I intend to see who will come up with the best offer, but I am not out to play games. I have a responsibility to Nova’s shareholders to get the best deal possible. I know that a bird in the hand is worth two in the bush – but in this current market, a few lithium mines may be worth numerous gold mines.”
More on the lithium shortage can be seen at www.nova-mining.com/lithium-demand.php
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 new Surface tablet and Tesla Motor’s new electric cars.
More information on Nova Mining Corp can be seen at: http://www.nova-mining.com
About Nova Mining Corp. (OTCBB:NVMN)
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.
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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Contacts:
James Dilger, 210-581-7753
