Nova Mining Corp Executes First Deal to Begin Securing Significant Lithium Reserves
June 18 2012 - 8:30AM
Business Wire
Nova Mining Corp. (OTCBB:NVMN) announced today that the Company
has 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 MNMC mining properties at a discount to market price. As part
of the deal, Nova Mining will have the right to perform Due
Diligence, prior to both parties negotiating a Definitive Mineral
Production Agreement.
Mongolian National Mining Consultants Limited 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 the most out 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 (NASDAQ: AAPL)
popular electronic devices and General Motor’s (NYSE: GM) new Volt
electric automobile. Lithium is currently in very high demand 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’s 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 Freeport McMoRan (NYSE: FSX) and
Northrop Grumman (NYSE: NOC).
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