NVMN President Says Lithium Price Negotiations Have Quickly Escalated to Include Five Chinese Companies

Nova Mining Corp. (OTCBB: NVMN) President James Dilger arrived in China last Friday for the purpose of negotiating lithium pricing with two battery manufacturing companies located in Shenzhen. Today, Dilger reports that he has physically met with five different Chinese companies seeking lithium supplies and that he has already travelled to Beijing to conduct meetings with two of them. He describes the Chinese company’s efforts to seek lithium supplies as “very aggressive”.

A bidding war for critically short lithium supplies to make electronics could develop between Shenzhen and Beijing. (Photo: Business Wire)

According to Dilger, he has already met and begun negotiations with B&K Rechargeable Battery of Shenzhen, Huishiyou Communication Electronic Company of Shenzhen, Gobao Electronic Technology Company of Shenzhen, Mengguli Power Science & Technology Company of Beijing and GuoQiang Global Science & Technology Development Company of Beijing.

Mr. Dilger has expressed his focus to leverage the best possible deal for Nova Mining during the current lithium shortage. Earlier he had said “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.”

Nova Mining Corp. (NVMN) seeks out the most potentially lucrative mining projects, supplies and sales 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.

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