APPLIED MINERALS INC - AMNL STOCK NEWS

Applied Minerals, Inc. (OTC:AMNL) announced a significant purchase order for 40,000 lbs. of its DRAGONITE halloysite clay from a customer. This order supports the marketing of a newly commercialized flame retardant and coating application. The company remains committed to enhancing sales to existing clients while also expanding its customer base. DRAGONITE is a versatile product used in multiple high-value sectors, including catalysts, polymer reinforcement, and lithium-ion battery minerals. AMI continues to focus on its strategic goals in the halloysite clay market.

Applied Minerals, a producer of halloysite clay products, has signed a Distributorship and Agency Agreement with DNB Enterprise to distribute its DRAGONITE products in South Korea. DNB, with extensive industry knowledge, will market DRAGONITE for various applications, including technical ceramics and cosmetics. The management believes there are significant commercial opportunities in South Korea and may expand DNB's territory in Asia in the future. Applied Minerals plans to provide additional business updates.

Applied Minerals (OTC:AMNL) announced the receipt of purchase orders totaling approximately 20,000 lbs of its DRAGONITE halloysite clay from existing customers. These orders are aimed at various applications, including ceramics and resin-based coatings. The company remains committed to boosting sales to current clients and attracting new ones. DRAGONITE is marketed for high-value industrial uses, such as flame retardants and polymer reinforcement. Applied Minerals operates the Dragon Mine property in Eureka, UT, specializing in halloysite clay production.

Applied Minerals, Inc. (OTC:AMNL) has secured a U.S. DOE Phase II STTR Award of $1,150,000 to advance the commercialization of halloysite clay-derived porous silicon as an alternative to graphite in lithium-ion batteries. The project, partnering with Brigham Young University and Argonne National Laboratory, is set for two years. Demand for silicon-derived halloysite could reach 4 billion lbs. annually by 2030, due to increasing energy storage needs, with silicon proving to have 10x the storage capacity of graphite. The company is also seeking industry partners for commercialization.

Applied Minerals, Inc. (OTC:AMNL) provided a corporate update highlighting significant developments. The closure of the iron oxide asset sale improves liquidity and allows the company to focus on marketing its DRAGONITE halloysite clay products. New application markets have emerged, including a novel metal surface coating technology with potential anti-corrosion benefits and halloysite's use in foamed plastics and as an ethylene scavenger. The company is also advancing halloysite for lithium-ion batteries, with recognition from the U.S. DOE as a Phase II awardee, pending additional details.

Applied Minerals, Inc. (OTC PINK:AMNL) has entered a definitive agreement to sell its iron oxide mineral resource and related assets. This transaction is expected to enhance the company's liquidity, enabling it to continue expanding its halloysite business, particularly for lithium-ion battery applications. The sale may help the company avoid dilutive financing and reduce supply risks. Brady McCasland, Inc. will assist in business development at no cost. Key leadership changes will follow the transaction, impacting AMI's board of directors.

Applied Minerals (OTC:AMNL), a producer of halloysite clay and natural iron oxides, announced on June 21, 2022, an initial purchase order for 2,200 lbs. of its DRAGONITE halloysite clay. This order is intended for use in a corrosion-resistant coating formulation. Halloysite clay's unique structure enhances its ability to carry and release inhibitors for metal protection, tapping into a growing market for eco-friendly coatings. The company is actively seeking additional opportunities within this lucrative segment.

Applied Minerals (OTC:AMNL) has received a purchase order for 2,200 lbs. of its DRAGONITE halloysite clay. This product will be used as an additive in chemical foaming agents for polymer applications, aimed at reducing weight and improving performance in molded plastics. The market for these foaming agents is significant, presenting growth opportunities for DRAGONITE. The company is optimistic about future developments.

Applied Minerals, Inc. (OTCQB:AMNL) announced a new order for 40,000 lbs of its DRAGONITE halloysite clay for use in a molecular sieve application. This product enhances the performance of molecular sieve adsorbents due to its porosity and green strength. The company is actively seeking additional opportunities for DRAGONITE in the molecular sieve and zeolite markets. As a leading producer of high-value industrial applications, Applied Minerals continues to focus on expanding its market presence.