APPLIED MINERALS

Applied MInerals is the owner of the Dragon Mine, the only known measured resource of Halloysite Clay in the western hemisphere significant enough for large scale commercial production. The Dragon Mine is located in the Tintic District of Utah stretching over 230 acres of land. Applied Minerals retained the world’s leading experts in Halloysite to create a standard for the characterization, quantification, and commercialization of this unique mineral. As a result of these efforts, the Company is able to deliver commercially consistent product grades of the highest quality Halloysite in the world.