Nova Mining has worked extremely hard to secure a lithium production footprint, with three fields in Mongolia and additional interests on projects in both Canada and Africa (Guyana), in order to fulfill precisely the kind of deals like the one announced today, the third in a series of major lithium supply contracts for the company.
President of NVMN, James Dilger, flew to China to personally negotiate with lithium-ion battery manufacturers and the campaign has been a rousing success, capped off by today’s report about the execution of yet another letter of intent to supply lithium, this time with big international Li-ion battery manufacturer Qiangqiang Battery Company.
Nova is an exceptionally well-positioned lithium developer which is shrewdly getting out ahead of the major shift to Li-ion, long life batteries, which are in everything from smartphones, tablets, and laptops to the next gen hybrid and electric vehicles. We are looking at an unprecedented rise over the next decade in demand for the powerful substance that makes it all possible, lithium, and NVMN is laser-focused on growing the company’s international portfolio of such high-demand mineral assets.
So, within the space of a week, this aggressive lithium developer has secured three major supply deals in China with three major Li-ion manufacturers. The Shirui Battery Company deal went down last week, along with the Asia Power International supply arrangement, and with the third major deal now tucked away under the company’s belt, NVMN is looking really solid in China, one of the planet’s top Li-ion battery sources. Mind you, batteries like these end up in products like Apple’s iPhone/iPad, Google’s new Nexus 7 tablet, and Tesla Motor’s new powerful EV’s. Given such a high margin end market, one that is growing steadily with each passing day, it’s not hard to read the inside baseball for Nova Mining; they want to be a top lithium supplier before things get really crazy in the Li-ion space.
Dilger has done an excellent job honing in on shareholder growth vectors and has determined that a multiple target approach to securing supply deals is appropriate to the broad sellers market that exists in China for lithium. In fact, Chinese Li-ion manufacturers were characterized by Dilger as being “very aggressive.” No surprise there really as China has passed some sweeping legislation in recent years mandating renewable energy technologies; this, along with the obvious, sustained surge in mobile intelligent device adoption by consumers around the world, has created a lithium vacuum, and if you listen closely in Beijing you can hear the massive sucking sound.
All across China and around the globe, manufacturers are looking towards Li-ion as the prime choice for long-life rechargeable batteries, only the supply and supply chain logistics for lithium are another matter entirely. There is a real scramble right now to secure global strategic supplies of lithium and other important minerals. NVMN is out of the gate and bolting for the finish line with an aggressive international campaign designed to facilitate the projected market demand curves.
Dilger has used this stored up demand energy like a springboard for the company, securing several key deals (currently working on more), and he looks to capitalize mightily on the lithium crunch in general as more and more consumers enter the mobile age. The need for Li-ion on a large scale as a transitional technology to fuel cells or more advanced power sources for electric vehicles cannot be underestimated. NVMN certainly isn’t failing to quantify the tremendous growth potential a good lithium supply chain will yield and interested investors can get a closer look at the company by going to the Nova Mining Corp. website located at: www.Nova-Mining.com
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