Nova Mining Corp. Notified by MNMCL of New Additional Mining Sites under Negotiations in Kazakhstan
SAN ANTONIO, Sept. 13, 2012 /PRNewswire/ – Nova Mining Corp. (OTCBB: NVMN) disclosed that the Company has just received written notice that their business associate Mongolian National Mining Consultants Limited (MNMCL) is in negotiations to add several new mining sites in Kazakhstan.
Nova Mining Corp has already received a third-party estimate of the commercially recoverable lithium deposits owned by MNMCL that are under contract by Nova Mining Corp to be in excess of $12 Billion USD. Nova Mining is in the final stages of negotiating a definitive Mineral Purchase Agreement to purchase 100% of the lithium produced by MNMCL at the Mongolian sites at a substantial discount to market price. The receipt of written notice that more properties in Kazakhstan are under negotiations could prove to be optional additional lithium product to be made available to Nova Mining Corp. In the current lithium “seller’s market”, more available lithium could potentially mean significant additional sales for the Company.
Mongolian National Mining Consultants Limited is a Hong Kong company, with its principal business operations in Ulaanbaatar, Mongolia. MNMCL is the registered owner of twenty-five mining properties that are located in Mongolia.
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 in short supply because it is needed for making 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.
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.
More information on Nova Mining Corp can be seen at: http://www.nova-mining.com
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Nova Mining Corp
SOURCE Nova Mining Corp.