Applied Minerals Inc. , a leading producer of halloysite clay products for high-value industrial applications, has provided the following update. Halloysite-Derived Silicon Project Project partner, Brigham Young University , continues to make progress optimizing its proprietary process of converting DRAGONITE halloysite clay to silicon for use as anode material in lithium-ion battery formulations. BYU is commissioning a [...]
Applied Minerals Inc. , a leading producer of halloysite clay products for high-value industrial applications, recently received a new purchase order from a customer for 40,000 lbs. of its DRAGONITE halloysite clay product. The volume ordered will be used to market a flame retardant and a coating application recently commercialized by the customer. Management continues to focus on increasing sales of its DRAGONITE [...]
Applied Minerals Inc. , a leading producer of halloysite clay products under the DRAGONITE trade name for high-value industrial applications, is pleased to announce that it has entered into a Distributorship and Agency Agreement with DNB Enterprise for the Republic of Korea where DNB will be the exclusive distributor of the Company's DRAGONITE halloysite clay products. The management of DNB has extensive knowledge of the [...]
Applied Minerals Inc. , 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 [...]
Applied Minerals Inc. , a leading producer of halloysite clay products under the DRAGONITE trade name for high-value industrial applications, is pleased to announced that it has received a U.S. DOE Phase II, Release 2 STTR Award to continue the development of the commercialization of halloysite clay-derived porous silicon as a replacement for graphite to increase the energy density of lithium-ion batteries. The award [...]
Applied Minerals Inc. , a leading producer of halloysite clay products under the DRAGONITE trade name for high-value industrial applications, is pleased to provide the following corporate update. AMI's closing on the sale of its iron oxide assets last month was an important event that has enabled the Company to significantly improve its liquidity position, continue the sale of its DRAGONITE halloysite clay products to [...]
Applied Minerals Inc. , a leading producer of halloysite clay products for high-value industrial applications, is pleased to announce that it has closed on the sale of the rights to its iron oxide mineral resource and related assets and associated operating agreements as previously described in Forms 8-K filed on July 11, 2022 and June 2, 2022. The closing of the sale of the Iron Oxide Assets to BMI Minerals Company and [...]
Applied Minerals Inc. , a leading producer of halloysite clay and natural iron oxide products for high-value industrial applications, is pleased to announce that it has entered into a definitive agreement to sell the rights to its iron oxide mineral resource and related assets as described in Form 8-K filed on June 2, 2022. The net proceeds from the sale of the Iron Oxide Assets will significantly improve AMI's liquidity [...]
Applied Minerals Inc. , a leading producer of halloysite clay and natural iron oxides for high-value industrial applications, has received an initial purchase order for 2,200 lbs. of its DRAGONITE halloysite clay for use in a corrosion-resistant coating formulation for metal products. Halloysite clay's unique tubular structure allows it to carry and release, in an efficient manner, an array of inhibitors commonly used in [...]
Applied Minerals Inc. , a leading producer of halloysite clay and natural iron oxides for high-value industrial applications, has received an initial purchase order for 2,200 lbs. of its DRAGONITE halloysite clay for use as an additive in a chemical foaming agent application for polymers. Foaming agents are generally used to reduce weight and eliminate sink marks in molded and extruded plastic parts. AMI's DRAGONITE [...]
Applied Minerals Inc. , a leading producer of halloysite clay and natural iron oxides for high-value industrial applications, has received an order for 40,000 lbs. of its DRAGONITE halloysite clay product for use in a molecular sieve application. DRAGONITE has been shown to improve the performance of molecular sieve adsorbents due to its porosity and green strength. Management continues to pursue other opportunities for [...]
Applied Minerals Inc. , a leading producer of halloysite clay and natural iron oxides for high-value industrial applications, submitted its application for a U.S. Department of Energy STTR Phase II award with respect to the further development of its halloysite-derived silicon project. The halloysite-derived porous silicon developed and tested under our U.S. DOE STTR Phase I award showed promising results. In particular [...]
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