NVMN: New Buzz for AAPL Possibly Buying Tesla Further Highlights Critical Lithium Shortage
Management ofNova Mining Corp. (OTCBB:NVMN) disclosed today that
they are further reassured that their recent move to secure valuable
Lithium product from three large licensed Lithium fields is economically
sound and perfectly timed, due to recent important events. Multiple
articles about Apple’s (NASDAQ: AAPL) booming iPad sales, smartphones
and electric cars driving up lithium prices and tightening demand have
recently hit the news as these items need lithium as the main ingredient
in their long-life batteries. Consumers are anticipating an Apple iPhone
5 to be released this year and now there are articles and blogs alluding
to the question of whether Apple would buy Tesla Motors (NASDAQ: TSLA).
In other words, the hugely popular American electronics company credited
with sparking the current run on lithium may move to acquire the
progressive American electric car company that also needs massive
amounts of lithium for their long-life batteries.
If Apple buys Tesla, it could mean a large additional demand on lithium for long-life batteries. (Photo: Business Wire)
“We originally planned to quickly move to secure lithium supply
agreements with battery manufacturers,” said Nova Mining President James
Dilger. “However, every day that passes gives us cause to believe that
the price of Lithium will quickly shift from rising to skyrocketing. Our
focus, of course, would be to get the most lucrative deal possible – and
that may mean there could be some wisdom in holding out a bit. Our
mission is maximum profitability.”
Last week, Nova Mining Corp executed a LOI with Mongolian National
Mining Consultants Limited (MNMC) for the exclusive right to purchase
100% of the Lithium produced from three large licensed MNMC mining
properties at a discount to market price. MNMC 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 large mining properties indicate
significant quantities of commercially recoverable Lithium reserves.
Nova Mining Corp. (NVMN) seeks out the most potentially lucrative mining
projects and supplies 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 popular electronic devices, Microsoft’s (NASDAQ: MSFT) new
Surface tablet and new electric cars.
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 (NYSE: FMC).
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