June 18, 2012 on: Mining

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.

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.

SOURCE OF THIS ARTICLE : financial Post

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