U.S. Mining Firm Secures Mongolian Lithium Supplies | Hybrid Cars: "The Bayankhongor property is one of three major licensed lithium fields owned by Mongolian National Mining Consultants Limited (MNMC).
Last Monday, Nova Mining Corp moved to secure valuable lithium supplies by executing a letter of intent with MNMC for the exclusive right to purchase 100 percent of the lithium produced from the MNMC mining properties at a discount to market price.
Mongolian National Mining Consultants Limited 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."
'via Blog this'
