SAN ANTONIO, TX -- (Marketwire) -- 09/04/12 -- Nova Mining Corp. (OTCBB: NVMN) (OTCQB: NVMN) announced that the Company has just received a letter of recognition and support of its unique mining methods from the Mongolian Institute for Geopolitical Studies. The letter was signed by Doctor Choinkhor Jalbuu, who is the Chairman of the Institute's Academic Board and former Ambassador from Mongolia to the United States. Management of Nova Mining Corp. sees the letter of great value as the Company believes that Mongolia is a valuable strategic location for Asian supplies of lithium.
Nova Mining Corp has learned that it may have up to $12Bil in lithium currently under contract in Mongolia. Since Mongolia is connected by quality rail service to China's manufacturing centers, Company management believes that it is in the best position to take advantage of the current lithium "seller's market." Lithium is the main ingredient for long life batteries used in smartphones and computing tablets. China is a leading manufacturer of components for smartphones and tablets.
"Our plans are to try and be a significant supplier of lithium into China during peak demand and peak prices," stated President Dilger. "We are working on logistics to supply Shenzhen as well as other Chinese electronics manufacturing centers by rail, which should hopefully result in a boon for the Company."
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 in short supply because it is needed for making 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.
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.
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.
Nova Mining Corp
Most Popular Stories
- Obama Administration Releases Proposal to Regulate For-Profit Colleges
- Koch Brothers Step up Anti-Obamacare Campaign
- Elizabeth Vargas' Husband Marc Cohn Addresses Rumors
- Keurig Adds Peet's coffee, Alters Starbucks deal
- U.S. to Relinquish Gov't Control Over Internet
- Quiznos Files for Chapter 11
- FDIC Sues Big Banks Over Rate Manipulation
- SoCalGas Reaches Record Spend on Diversity Suppliers
- U.S. Consumer Sentiment Falls in Early March
- Vybz Kartel Convicted of Murder