This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Applied Minerals, Inc. Enters Into A Collaborative Research & Development Agreement With The United States Environmental Protection Agency

Stocks in this article: AMNL

Applied Minerals, Inc. (the “Company”) (OTCBB: AMNL) is pleased to announce that it has entered into a Cooperative Research and Development Agreement (the “CRADA”) with the U.S. Environmental Protection Agency’s National Risk Management Research Laboratory (the “EPA”) to pursue the development of its Dragonite™ Halloysite Clay sorbent technology used for the bio-remediation of oil from contaminated salt marsh and wetland environments.

The recent Deepwater Horizon (DWH) oil spill in the Gulf of Mexico has resulted in heightened awareness of the response community regarding not only the effectiveness of spill treatment methods in use today (viz., conventional booming and skimming, in-situ burning, bioremediation, and the application of dispersants) but also, and of equal importance, the ecological and human health concerns associated with spill mitigation technologies. Also of concern is the ultimate fate of dispersants and their effects on the shorelines and wetlands impacted as they move onto the nearby shorelines. According to EPA data an estimated 18,000-24,000 oil spills, involving the release of 10 million - 25 million gallons of oil into the environment, are reported annually. Consequently, new research is needed to develop sustainable, cost-effective and environmentally benign approaches to clean up oil spills in the environment.

This CRADA will further develop a new tool available to responders for use in land remedial responses to oil spills, specifically wetlands and salt marshes. From experiments and modifications of the Halloysite clay mineral owned by Applied Minerals, Inc., new designs and approaches for using this mineral will be jointly developed that may significantly enhance its utility to sorb crude oil on coastal wetland/salt marsh surfaces. The project will combine the technology and resources of Applied Minerals, Inc. with the experience, expertise, and facilities of the EPA in the cooperative development of new cleanup methods for oil spills contaminating the environment.

“Collaborative efforts through Cooperative Research and Development Agreements such as this help us leverage resources and expertise to develop innovative solutions that support EPA’s mission of protecting human health and the environment,” said Dr. Albert D. Venosa, Director, Land Remediation and Pollution Control Division at EPA’s National Risk Management Research Laboratory. Dr. Venosa is also a leading oil spill expert for EPA. “This CRADA is a win-win for all involved,” he stated.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,402.08 -14.77 -0.08%
S&P 500 2,016.07 -5.18 -0.26%
NASDAQ 4,671.5160 -11.8910 -0.25%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs