Nova Mining Corp. (OTCBB:NVMN) announce today that they have executed an unprecedented third LOI for the supply of lithium to a major battery manufacturing company in Shenzhen, China. This third deal is with Qiangqiang Battery Company. Qiangqiang is a major international manufacturer and supplier of lithium-ion batteries for a myriad of products, including smartphones, cameras, electric vehicles and computing tablets. The Company’s website can be seen at http://dgqq.zqpt.com/
Nova Mining Corp is benefiting from China’s appetite for lithium by scoring three valuable Shenzhen supply deals. (Photo: Business Wire)
The Qiangqiang deal comes on the heels of two other lithium supply deals for major Chinese battery companies that all happened within a week. The second deal is with the Shirui Battery Company and was announced just this last Tuesday. Shirui is also a major international manufacturer and supplier of lithium-ion batteries for smartphones, cameras, electric vehicles and computing tablets. Shirui’s corporate website can be seen at http://srbattery.com.cn
The first supply deal, announced just last Thursday (one week ago today), is with Asia Power International, which is also a major international manufacturer of lithium-ion batteries and it supplies the computing and smartphone industry. Asia Power International’s corporate website is located at www.asiapowercn.com/about.html
President James Dilger personally traveled to China for the purpose of negotiating lithium pricing with battery manufacturing companies located there. Dilger has described the Chinese company’s efforts to seek lithium supplies as “very aggressive”. After experiencing the active seller’s market for lithium in China, Mr. Dilger made the decision to pursue multiple lithium supply arrangements there. To provide maximum shareholder value, Dilger’s focus has been to leverage the best possible positions for Nova Mining, while taking advantage of the current lithium supply crunch.
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. Lithium is the main ingredient in long life batteries, like those used in Apple’s (NASDAQ: AAPL) popular iPhones and iPads, Google’s new Nexus 7 tablet and Tesla Motor’s new performance electric cars.
More information on Nova Mining Corp can be seen at: http://www.nova-mining.com
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.