NVMN: Lithium Entities Picked to Gain From Shortages Created by AAPL iPad, Smartphones and Electric Cars
Nova Mining Corp. (OTCBB:NVMN) management celebrated the news from Barron's on Saturday, in an article titled “Lithium Could Power Higher”, in which the author pointed out that lithium companies stand to be the winners in this new lithium supply shortage created by high consumer product demand. You can see the Barron's article at: http://online.barrons.com/article/SB50001424053111903882904577474581314308756.html?mod=BOL_twm_mw
New electric vehicles is a factor expected to boost Lithium companies such as Nova Mining Corp. (Photo: Business Wire)
Seeking Alpha had a similar message late last week. In an article titled “Smartphones and Hybrid Cars to Lift Lithium Stocks”, it said “The lithium market is expanding at a rapid pace and is dominated by a few large companies. These companies are well positioned to take advantage of lithium's growing demand due to its increasing use in batteries for smart mobile devices and electric/hybrid cars.” The full Seeking Alpha article can be seen at: http://seekingalpha.com/article/674021-smartphones-and-hybrid-cars-to-lift-lithium-stocks?source=google_news
Bloomberg Businessweek last week, was somewhat more direct in placing the new lithium supply tightness directly on Apple (NASDAQ: AAPL) in an article titled “IPad Boom Strains Lithium Supplies after Prices Triple”. The full news article can be seen at http://www.businessweek.com/news/2012-06-19/ipad-boom-strains-lithium-supplies-after-prices-triple
Last week, Nova Mining Corp moved to secure valuable Lithium supplies by executing a Letter of Intent with Mongolian National Mining Consultants Limited (MNMC) for the exclusive right to purchase 100% of the Lithium produced from three MNMC mining properties at a discount to market price. MNMC is a Hong Kong company, with its principal business operations in Ulaanbaatar, Mongolia. MNMC is the registered owner of multiple mining properties that are located in Mongolia. Recent Surveys of MNMC's mining properties indicate significant quantities of commercially recoverable Lithium reserves.
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 newly-instituted aggressive business model. Lithium is the main ingredient in long life batteries, like those used in many of Apple's popular electronic devices, Microsoft's (NASDAQ: MSFT) new Surface tablet and Toyota Motor Corporation's (NYSE: TM) new electric automobiles. Lithium is currently in extremely short supply and is forecasted by MarketResearch.com to quadruple from an $11 Billion market to $43 Billion market.
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. The Company operations philosophy includes securing local partners with strong management abilities and proven records for low production cost and high return on investment. Nova Mining is listed on the NASDAQ OTC exchange under the symbol NVMN. NVMN competes in an industry sector that includes the FMC Corporation (NYSE: FMC).
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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Nova Mining Corporation
James Dilger, 210-581-7753