NVMN: Expert Reports Electric Cars Could Drive up Lithium Prices an Additional 20 Percent Annually
SAN ANTONIO, Sept. 10, 2012 -- Nova Mining Corp. (OTCBB: NVMN) management was pleased to learn that on Friday, International Business Times reported that "Growing global demand for electric cars like the Tesla Model S and Ford Focus Electric could drive demand for lithium up by as much as 20 percent per year, benefiting chemical and mining companies". The full article, by Benjamin Reeves, may be seen at http://www.ibtimes.com/articles/382021/20120907/lithium-electric-car-rio-tinto-rockwood-roc.htm
Nova Mining Corp President James Dilger successfully has led the Company to focus on taking advantage of ideal market conditions for lithium as consumer demand for long-life batteries, such as those used in Apple's popular products and in electric vehicles, continues to pressure current supplies and increase prices. Nova Mining Corp recently learned that it may have up to $12 Bil in lithium currently under contract in Mongolia. Since Mongolia is connected by quality rail service to China's manufacturing centers, Company management believes that it is in the best position to take advantage of the current lithium "seller's market".
China is a leading manufacturer of components for smartphones and tablets. Nova Mining Corp has already been engaged by three Chinese battery manufacturers for lithium supplies.
Nova Mining Corp. (NVMN) seeks out the most potentially lucrative mining projects, supplies and sales of strategic high-demand minerals, such as lithium, as part of its aggressive economic business model.
About Nova Mining Corp. (OTCBB: NVMN)
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, Rio Tinto and Rockwood Holdings Inc.
More information on Nova Mining Corp can be seen at: http://www.nova-mining.com
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.
NOVA MINING CORP
SOURCE NOVA MINING CORP.