NVMN: Report Forecasts Skyrocketing Lithium Ion Batteries Market to Quadruple to $43 Billion
June 20 2012 - 8:20AM
Business Wire
Nova Mining Corp. (OTCBB:NVMN): MarketResearch.com has announced
the addition of the new report "Lithium Ion Batteries Outlook and
Alternative Energy Vehicles, Technologies, Markets, Competitors and
Opportunities: 2010-2020 Analysis and Forecasts" to their
collection of Energy market reports. Reportedly, the market for
lithium ion batteries has grown to $11 billion and is expected to
reach $43 billion by 2020. The report can be seen at:
http://www.marketresearch.com/David-Company-v3832/Lithium-Ion-Batteries-Outlook-Alternative-6842261/
Nova is positioning itself to sell mining
product to the vast US military-industrial complex. (Photo:
Business Wire)
Nova Mining Corp announced on Monday 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. MNMC is the registered owner of multiple mining
properties that are located in Mongolia.
“We expect lithium to become a critical-supply mineral,” said
James Dilger President of Nova Mining Corp. “Nova Mining has moved
to secure the lithium production from three major licensed Lithium
fields. We believe this will prove to be a very lucrative
development. Lithium is in very high demand due to consumer
electronics manufacturing, new electric vehicles and new military
needs putting pressure on the current worldwide supply,” he
concluded.
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, Microsoft’s (NASDAQ: MSFT) new Surface
tablet and General Motor’s (NYSE: GM) new Volt electric
automobile.
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 Freeport McMoRan (NYSE: FCX).
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=50317238&lang=en