NVMN Wins Three Choice Deals to Supply Lithium to Major Chinese Battery Companies in One Week

Nova Mining Corp is benefiting from China's appetite for lithium by scoring three valuable Shenzhen supply deals. (Photo: Business Wire)

SAN ANTONIO--()--Nova Mining Corp. (OTCBB:NVMN) announce today that they have executed an unprecedented third LOI for the supply of lithium to a major battery manufacturing company in Shenzhen, China. This third deal is with Qiangqiang Battery Company. Qiangqiang is a major international manufacturer and supplier of lithium-ion batteries for a myriad of products, including smartphones, cameras, electric vehicles and computing tablets. The Company’s website can be seen at http://dgqq.zqpt.com/

The Qiangqiang deal comes on the heels of two other lithium supply deals for major Chinese battery companies that all happened within a week. The second deal is with the Shirui Battery Company and was announced just this last Tuesday. Shirui is also a major international manufacturer and supplier of lithium-ion batteries for smartphones, cameras, electric vehicles and computing tablets. Shirui’s corporate website can be seen at http://srbattery.com.cn

The first supply deal, announced just last Thursday (one week ago today), is with Asia Power International, which is also a major international manufacturer of lithium-ion batteries and it supplies the computing and smartphone industry. Asia Power International’s corporate website is located at www.asiapowercn.com/about.html

President James Dilger personally traveled to China for the purpose of negotiating lithium pricing with battery manufacturing companies located there. Dilger has described the Chinese company’s efforts to seek lithium supplies as “very aggressive”. After experiencing the active seller’s market for lithium in China, Mr. Dilger made the decision to pursue multiple lithium supply arrangements there. To provide maximum shareholder value, Dilger’s focus has been to leverage the best possible positions for Nova Mining, while taking advantage of the current lithium supply crunch.

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 (NASDAQ: AAPL) popular iPhones and iPads, Google’s new Nexus 7 tablet and Tesla Motor’s new performance 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.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50355123&lang=en


Nova Mining Corporation
James Dilger, 210-581-7753

Release Summary

Nova Mining Corp scores an incredible three lithium supply deals for Chinese manufacturers in one week, while lithium prices skyrocket.


Nova Mining Corporation
James Dilger, 210-581-7753