“This license enables us to further broaden our line of Halloysite based Dragonite products, building on the recent launch of our Dragonite-XR™product as a high performance filler in the polymer composite market. We thank the NRL for their validation in choosing Applied Minerals as their partner to commercialize this exciting technology and look forward to a successful ongoing relationship.”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 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 they feel will benefit from the tubular morphology of their 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. There is no assurance that the Company and KaMin will actually enter into a final agreement or that the terms will not be materially different from the terms of the MOU. Refer to the company's Form 10-Q and 10-K reports for a more detailed discussion of factors that may impact future results. The company undertakes no obligation and has no intention of updating forward-looking statements.