SAN ANTONIO--Nova Mining Corp. (OTCBB:NVMN) management celebrated the news from Barron's on Saturday, in an article titled "Lithium Could Power Higher", in which the author pointed out that lithium companies stand to be the winners in this new lithium supply shortage created by high consumer product demand. You can see the Barron's article at: Barrons Online
“Smartphones and Hybrid Cars to Lift Lithium Stocks”
Seeking Alpha had a similar message late last week. In an article titled "Smartphones and Hybrid Cars to Lift Lithium Stocks", it said "The lithium market is expanding at a rapid pace and is dominated by a few large companies. These companies are well positioned to take advantage of lithium's growing demand due to its increasing use in batteries for smart mobile devices and electric/hybrid cars." The full Seeking Alpha article can be seen at: Seeking Alpha
Bloomberg Businessweek last week, was somewhat more direct in placing the new lithium supply tightness directly on Apple in an article titled 'Pad Boom Strains Lithium Supplies after Prices Triple". The full news article can be seen at BusinessWeek
Last week, Nova Mining Corp 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 three 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 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 newly-instituted aggressive business model. Lithium is the main ingredient in long life batteries, like those used in many of Apple's popular electronic devices, Microsoft's new Surface tablet and Toyota Motor Corporation's new electric automobiles. Lithium is currently in extremely short supply and is forecasted by MarketResearch.com to quadruple from an $11 Billion market to $43 Billion market.
More information on Nova Mining Corp can be seen at: Nova Mining