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
“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.
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
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