SAN ANTONIO--(BUSINESS WIRE)--Nova Mining Corp. (OTCBB: NVMN): According to MacWorldRumors.com yesterday, in an article by Arnold Kim, Apple’s (NASDAQ: AAPL) iPhone 5 and iPad Mini are to be announced on September 12th with the iPhone 5’s release on September 21st. These two upcoming events have led management of Nova Mining Corp to make further preparations to take economic advantage of an even tighter lithium supply crunch and expect lithium prices to climb even higher in the near term. The article can be seen at http://www.macrumors.com/2012/07/30/iphone-5-and-ipad-mini-to-be-announced-on-september-12th/
Bloomberg Business, in an article titled “IPad Boom Strains Lithium Supplies after Prices Triple”, said tremendous sales of Apple’s most recent iPad version had a major role in starting the current lithium supply crunch. Seeing the economic opportunity for the Company, Nova’s President James Dilger quickly headed to Asia and returned with three lithium supply deals with three separate major Chinese lithium ion battery manufacturers. Mr. Dilger chose the timing to coincide with the current critical lithium shortage in order to leverage the best possible positions for Nova Mining.
Betting on Apple’s upcoming product releases, especially the iPhone 5, Dilger decided to detour to Mongolia while in Asia to pursue securing even more lithium mines and mining product. Dilger’s focus is to continually act to place the Company in the most strategic situations possible during the current lithium seller’s market.
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 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.
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.