Mr. Zeitoun continued: “As we continue our laser focus on our key goal: the commercialization of our Dragon Mine resource, we continue to make progress with a number of potential customers in the plastics, catalyst, building products, and environmental remediation industries, centered on the development and commercialization of products that utilize the Dragon Mine’s halloysite. Given this focus, we want to make clear to our investors that we have no plans to operate or develop the Idaho properties ourselves. The ideal scenario would be the sale of a majority interest in the land and mineral rights to a major or to an exploration company interested in developing the property. With that said the company will explore any and all proposals that it feels will be of greatest value to its shareholders.”The Company will provide an update with respect to the progress of its business surrounding the commercialization of the Dragon Mine material when appropriate.
Applied Minerals, Inc. To Investigate Options For Monetizing Its Non-Core Idaho Silver Properties
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