Applied Minerals Inc Stock Price, News & Analysis

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.