NVMN President Returns from Very Successful Asian Lithium Negotiations with
SAN ANTONIO -- July 30, 2012
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 â€“
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 Appleâ€™s (NASDAQ: AAPL) iPhone 5 will have on the lithium
market. Nova Mining Corp management is betting that the iPhone 5â€™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
Appleâ€™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 Appleâ€™s popular
iPhones and iPads, Googleâ€™s new Nexus 7 tablet and Tesla Motorâ€™s new
performance electric cars.
More information on Nova Mining Corp can be seen at:
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.
Nova Mining Corporation
James Dilger, 210-581-7753
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