SAN ANTONIO--(BUSINESS WIRE)--Nova Mining Corp. (OTCBB: NVMN) announced that Company president James Dilger has returned to the United States from his recent Asian excursion to negotiate lithium supply deals with Chinese lithium-ion battery manufacturers. Mr. Dilger chose the timing to coincide with the current critical lithium shortage in order to leverage the best possible positions for Nova Mining.
During his trip, Dilger was able to execute multiple LOI supply deals – three in total and all within a single week. The first lithium supply deal is with Asia Power International, the second is with the Shirui Battery Company and the third is with Qiangqiang Battery Company. All three companies are located in the robust Chinese manufacturing hub of Shenzhen.
Seeing the active market for lithium in China, Dilger made the decision during his trip to detour to Mongolia to pursue additional lithium mining and mining product arrangements. Dilger also has expressed his aspiration to place Nova Mining Corp into a position that will take advantage of the effect he believes the release of Apple’s (NASDAQ: AAPL) iPhone 5 will have on the lithium market. Nova Mining Corp management is betting that the iPhone 5’s release will drive lithium prices far higher and exacerbate a critical lithium shortage that is reported to have been sparked by the phenomenal sales of Apple’s latest iPad.
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 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.