Jul 24 2012
Nova Mining Corp. (OTCBB:NVMN) celebrated the news from China today that Company management has executed an unprecedented second LOI for the supply of lithium to a major battery manufacturing company in Shenzhen, China.
The second Chinese manufacturer is the Shirui Battery Company. Shirui is a major international manufacturer and supplier of lithium-ion batteries for electric vehicles, smartphones, computing tablets and cameras. Shirui's corporate website can be seen at http://srbattery.com.cn
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".
Last week, Nova Mining Corp executed their first LOI in China for the supply of lithium to Asia Power International Company. Asia Power International is also a major international manufacturer and supplier of lithium-ion batteries for the computing and smartphone industry and is located in Shenzhen as well. 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 many of Apple's electronic devices, Google's (NASDAQ: GOOG) popular 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.
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