Market Overview

Nova Mining Corp President Heading Back to Asia for New Business with First Stop in Japan

SAN ANTONIO--(BUSINESS WIRE)--

Nova Mining Corp. (OTCBB: NVMN) management disclosed that Company President James Dilger will be traveling back to Asia to follow up on business created during his trip there last month and to pursue new lithium supply deals. Of special note is that President Dilger will be travelling through Japan on this trip. The island nation is a leading worldwide supplier of lithium ion batteries and it has entered the quest for critically short lithium supplies to sustain its manufacturing base. Lithium is the main ingredient for long-life batteries that are used in smartphones, computers, electric cars and other high-demand consumer products that are manufactured in Japan. Last week, it was revealed that Japan, Korea and France have recognized the immediate need to acquire lithium supplies in the current tight lithium market.

Nova Mining Corp's President will stop in Japan, a manufacturing hub in need of lithium. Industrial  ...

Nova Mining Corp's President will stop in Japan, a manufacturing hub in need of lithium. Industrial city of Osaka shown. (Photo: Business Wire)

On Monday, the Company learned that it may have as much as $12Bil in lithium product currently under contract in Mongolia. In the current lithium “seller's market”, management believes that it is in a prime position to leverage strong positions by supplying electronics manufacturers that have recognized the value of accumulating proper supplies to maintain or grow business.

Recently, Dilger had stated, “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.” 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.

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.

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 (NYSE: FMC).

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.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50371956&lang=en

Nova Mining Corp
James Dilger, 210-581-7753

 

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