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Applied Minerals Inc
1200 Silver City Rd
PO Box 432
Phone: (435) 433-2059p:435 433-2059 EUREKA, UT  84628  United States Ticker: AMNLQAMNLQ
Filed for Bankruptcy on 11/11/2024
Case #24-25849, filed in the U.S. Bankruptcy Court for the District of Utah (Salt Lake City)
Business Summary
Applied Minerals, Inc. owns the Dragon Mine in central Utah. From the mine the Company extract, process or has processed by a third party, halloysite clay and iron oxide for sale to a range of end markets. The Company markets the minerals directly and through distributors. It is also engaged in research and development and frequently works collaboratively with customers, consultants, distributors; and a third-party processor to process and enhance its halloysite clay products to improve the performance of its customers’ existing and new products. Its halloysite clay, which the Company markets under the DRAGONITE trade name, is an aluminosilicate mineral with a hollow tubular shape. DRAGONITE can utilize halloysite’s shape, high surface area, and reactivity to add significant functionality to a number of applications. The Company’s iron oxide, which it markets under the AMIRON trade name, sales for use in cement, as well as an absorbent for hydrogen sulfide gas contained in natural gas.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-Yes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
9/30/202212/31/2021YesYesYes-Yes

Industries
SIC Code Description
1459 Clay, ceramic, and refractory minerals, not elsewhere classified

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chief Executive Officer, Chief Financial Officer, Director Christopher T.Carney 50 10/22/2020 2/17/2009
Director Geoffrey G.Scott 3/13/2019 3/13/2019
Director David A.Taft 58 10/17/2008 10/17/2008

Business Names
Business Name
AMNL
AMNLQ
ATLAS MINING CO
ATLAS MINING CO
Atlas Mining Co.
Atlas Mining Company

General Information
Number of Employees: 13 (As of 3/30/2019)
Outstanding Shares: 403,209,363 (As of 12/6/2022)
Shareholders: 647
Stock Exchange: OTC
Federal Tax Id: 820096527
Fax Number: (302) 655-5049


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Friday, November 22, 2024