Nova Mining Corp. (OTCBB: NVMN) management disclosed their elation on seeing news that Korea, France and Japan have now joined in on the rush to seek supplies of lithium product. Chinese battery manufacturers have already created their own advantage by reaching out to Nova Mining Corp earlier and quickly negotiating three lithium supply deals. These new Chinese deals were publicly announced over the last two weeks. Recognizing the economic pitfalls of running out of lithium for their manufacturing industry, it appears that Korea, Japan and France don’t want to get caught short. Lithium is the main ingredient for long-life batteries that are used in smartphones, computers, electric cars and other high-demand consumer products.
Nova Mining Corp's next lithium supply deal could come from the manufacturing powerhouse of Korea. The City of Incheon shown. (Photo: Business Wire)
“With the upcoming Apple (NASDAQ: AAPL) iPhone 5 launch, it would seem advisable for any nation with an electronics manufacturing base to secure lithium supplies as soon as possible.” Stated Nova Mining Corp President James Dilger. President Dilger is referring, in part, to a recent Bloomberg Business article titled “iPad Boom Strains Lithium Supplies after Prices Triple”. In the article, the phenomenal sales of Apple’s latest iPad are credited with severely straining already short lithium supplies. NVMN management expects that the iPhone 5 will be another phenomenal sales success for Apple and further strain lithium supplies and drive lithium prices even higher.
Betting on Apple’s upcoming product releases, Dilger recently traveled to Asia and, while there, pursued securing even more lithium mines and mining product. Dilger’s focus has been to continually act to place the Company in the most strategic situations possible during the current lithium seller’s market.
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 Apple’s popular iPhones and iPads, Google’s (NASDAQ: GOOG) new Nexus 7 tablet and Tesla Motor’s (NASDAQ: TSLA) new performance electric cars.
Information about Korea, Japan and France’s recent activity in seeking new lithium supplies can be seen at http://english.donga.com/srv/service.php3?bicode=020000&biid=2012070721858
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.
More information on Nova Mining Corp can be seen at: http://www.nova-mining.com
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
