Welcome to our dedicated page for Applied Minerals news (Ticker: AMNL), a resource for investors and traders seeking the latest updates and insights on Applied Minerals stock.
Applied Minerals, Inc. (AMNL) generates news that reflects both its halloysite-focused mining operations and its corporate restructuring activities. The company identifies itself as the owner of the Dragon Mine property in Eureka, Utah and as a producer of halloysite clay products sold under the DRAGONITE trade name. News coverage frequently highlights how this halloysite resource is being developed for catalysts and molecular sieves, polymer reinforcement, flame retardant additives, controlled release systems, construction products, and lithium-ion battery minerals.
Company updates have described purchase orders for DRAGONITE halloysite clay in application areas such as ceramics, resin-based coatings, flame retardant additives, adhesives, nucleation for foamed resins, corrosion-resistant coatings for metal products, and chemical foaming agent applications in polymers. Press releases also discuss development projects, including halloysite-derived silicon for lithium-ion battery anodes with Brigham Young University and Argonne National Laboratory, and masterbatch formulations for polyethylene and polypropylene with Addisperse.
Applied Minerals’ news flow also includes corporate and strategic items, such as the agreement to sell its iron oxide assets and the subsequent focus on its halloysite business, as well as a Distributorship and Agency Agreement with DNB Enterprise for exclusive distribution of DRAGONITE products in the Republic of Korea. In addition, the company has reported on a clay-based sorbent product, Nereid 990, for potential oil spill remediation.
A significant development in the company’s recent news is its filing for Chapter 11 bankruptcy protection on November 11, 2024, and the later Motion to Approve Disclosure Statement and related solicitation procedures in the United States Bankruptcy Court for the District of Utah. Visitors to this page can review these types of announcements, along with prior business updates and project-related press releases, to understand how Applied Minerals’ operations, projects, and restructuring efforts evolve over time.
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.
Applied Minerals, Inc. (OTC:AMNL) has applied for a Phase II STTR award from the U.S. Department of Energy to advance its halloysite-derived silicon project. The preliminary results from Phase I indicate a promising capacity in excess of 2,200 mAh/g for its silicon electrodes, positioning it as a cost-competitive alternative to synthetic graphite. The anticipated $1,150,000 funding would support scaling up production and testing. However, due to high competition, receiving the award is uncertain, impacting future commercialization plans.
Applied Minerals (OTC PINK: AMNL) has announced an initial purchase order of 86,400 lbs. of its AMIRON iron oxide for use as a hydrogen sulfide scavenger in biogas applications. This product is recognized for its cost-effectiveness in reducing hydrogen sulfide in natural gas and biogas, which are crucial in maintaining safety and quality. The company aims to expand its footprint in the biogas sector, driven by the increasing demand for renewable energy solutions.
Applied Minerals, Inc. (OTC:AMNL) announced a purchase order for 22,000 lbs. of its DRAGONITE halloysite clay, intended for a flame retardant formulation. This non-halogenated material enhances polymer composites' physical properties, positioning the Company for further commercial opportunities in flame retardants. The Dragon Mine property in Eureka, UT, supplies both halloysite clay and natural iron oxides, targeting various industrial applications. Applied Minerals aims to provide further business updates soon.
Applied Minerals, Inc. (OTC PINK:AMNL) has announced an initial purchase order for 20,000 lbs. of its DRAGONITE halloysite clay. This product is intended as a reinforcement additive in polymer composites, recognized for enhancing toughness and strength. With the global economy recovering from the COVID-19 pandemic, management expects further development projects utilizing DRAGONITE to gain traction. The company aims to capitalize on high-value applications in various sectors, including flame retardants and lithium-ion batteries.
Applied Minerals, Inc. (OTC:AMNL) has announced a significant initial purchase order worth $270,000 for its DRAGONITE halloysite clay product, targeted for a downhole oilfield application. The order reflects a positive response to the recent improvements in the oil and gas market, which had previously delayed the commercialization of oilfield-related products utilizing this clay. Management expresses optimism about gaining commercial traction for these products going forward.
Applied Minerals (OTC PINK:AMNL) announced an update on its STTR award from the U.S. Department of Energy for developing nano-structured silicon from halloysite clay. The $200,000 award, received in June 2021, involves collaboration with Brigham Young University and Argonne National Laboratory. Promising results show electrodes made from this silicon achieve a specific capacity of 2,000 mAh/g. AMI plans to apply for a $1 million Phase 2 award in April 2022 to scale up this technology.
Applied Minerals will conduct its 2021 Annual Meeting of Shareholders on December 30, 2021, at 3 P.M. Eastern, via a virtual platform. The meeting will feature a presentation summarizing the Company’s business activities and objectives for 2022. Applied Minerals specializes in producing halloysite clay and advanced natural iron oxides from its Dragon Mine in Utah, utilizing these materials for various applications, including paints, coatings, and environmental remediation.