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Applied Minerals books US$4.3mln sale of its halloysite clay materials

Applied Minerals Inc (OTCMKTS:AMNL) CEO Andre Zeitoun tells Proactive Investors the New York-based halloysite clay manufacturer has recently sold 4.5 million tons of its extracted mixed clays and iron oxide material to a leading building products and construction materials group for $4.3 mln.

Applied Minerals produces halloysite clay and advanced natural iron oxide solutions from its Dragon Mine property in Utah.

Zeitoun says the sale significantly enhances the company' cash position as the assets were non-core materials. The funds from the sale will be used to further develop the company's sales opportunities.

Quick facts: Applied Minerals, Inc.

Price: 0.00835 USD

OTCMKTS:AMNL
Market: OTCQB
Market Cap: $1.47 m
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Applied Minerals brings on industry vet Sharad Mathur as chief technology...

Applied Minerals Inc (OTCQB:AMNL) sales director Brian Newsome tells Proactive Investors the company that specializes in Halloysite clay production has appointed senior industry veteran Dr. Sharad Mathur as its new chief technology officer. Newsome says Mathur will lead the company's...

on 01/31/2019

2 min read