Applied Minerals, Inc. Receives Additional Purchase Orders for its DRAGONITE Halloysite Clay Products
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.
- Received purchase orders for approximately 20,000 lbs of DRAGONITE halloysite clay.
- Orders come from current customers, indicating steady demand.
- Focus on increasing sales to existing customers and developing new ones.
- None.
EUREKA, UT / ACCESSWIRE / October 10, 2022 / Applied Minerals, Inc. (the "Company" or "AMI") (OTC:AMNL), a leading producer of halloysite clay products under the DRAGONITE trade name for high-value industrial applications, recently received purchase orders for its DRAGONITE halloysite clay product totaling approximately 20,000 lbs. The purchase orders were from current customers for use in application areas such as ceramics, resin-based coatings, FR additives, adhesives and nucleation for foamed resins. Management continues to focus on increasing sales of its DRAGONITE halloysite clay to its current customers as well as developing new customers for its products.
About Applied Minerals, Inc.
Applied Minerals, Inc., the owner of the Dragon Mine property in Eureka, UT, is a producer of halloysite clay. Halloysite is aluminosilicate clay that possesses a naturally formed tubular structure. The Company markets its halloysite clay into a number of high-value application areas including, but not limited, catalysts and molecular sieves, polymer reinforcement, flame retardant additives, controlled release, construction products and lithium-ion battery minerals. Applied Minerals sells its halloysite products under the DRAGONITE trade name.
Safe Harbor Statements
The following are safe harbor statements under the Private Securities Litigation Reform Act of 1995 for Applied Minerals, Inc. Some statements contained or implied in this news release may be considered forward-looking statements, which by their nature are uncertain. Consequently, actual results could materially differ. For more detailed information concerning how risks and uncertainties could affect the Company's revenue pipeline, please refer to Applied Minerals' most recent annual and quarterly reports filed with the SEC. The Company assumes no obligation to update any forward-looking information.
Investor Relations Contact:
Christopher Carney
President and CEO
info@appliedminerals.com
SOURCE: Applied Minerals, Inc.
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FAQ
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