Morris Weiss Resigns From Applied Mineral’s Board Of Directors
Applied Minerals Inc. (OTCBB: AMNL) (“AMNL”), a leading global producer of Halloysite Clay, today announced Morris Weiss has resigned from the Company’s Board of Directors and any Committees of the Board, effective April 16, 2010. Mr. Weiss has advised the Company that he has accepted a new professional position and he will not be able to meet the time commitments required of a director of the AMNL Board. Mr. Weiss further advised the Company that his resignation is not the result of any disagreements with the AMNL Board of Directors or its management.
John Levy, Chairman of the Board of Directors for Applied Minerals, stated: “We would like to acknowledge Morris for the dedication and expertise that he has provided the Company during a challenging period in its history. With those challenges successfully resolved, Morris has decided to apply his skill set to a new situation. Personally, and also on behalf of the Board, I want to wish Morris the best of success in his new position.”
Mr. Weiss was appointed to AMNL’s Board of Directors in 2008. AMNL will search for a replacement candidate who can provide related synergies and guidance as the Company continues to execute its business plan.
About Applied Minerals, Inc.Applied Minerals Inc. is a leading global producer of Halloysite Clay from their wholly owned Dragon Mine property in Utah. Halloysite is an aluminosilicate clay that forms naturally occurring nanotubes. In addition to serving the traditional Halloysite markets for use in technical ceramics and catalytic applications, the Company has targeted niche applications that it feels will benefit from the tubular morphology of its Halloysite. These include: carriers of active ingredients in paints, coatings and building materials, agricultural applications and high-performance fillers in plastic composites. Statements in this press release that are not historical facts, and this includes all the statements concerning future-oriented statements relating to processing, capacity, costs, notifications, working together, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, and involve a number of significant risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, expected or implied.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV