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Wednesday, 11/01/2017 8:16:28 AM

Wednesday, November 01, 2017 8:16:28 AM

Post# of 7421
BASF Media Contact:
José Antonio Carranza
Phone : (973) 245-5238
Email: jose.antonio.carranza@basf.com
Applied Minerals IR Contact:
Greg Falesnik
Phone : (949) 385-6449
Email: greg.falesnik@mzgroup.us

BASF and Applied Mineral s s ign purchase and supply a greement to d evelop and m arket h alloysite c lay- b ased p roducts


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BASF to exclusively develop, co-brand and market products using Applied Minerals ’ Dragonite halloysite clay for select global markets

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BASF ’s extensive sales and R&D resources will promote product development and market penetration of halloysite clay-based products

CHARLOTTE, NC , and NEW YORK, November 1, 2017 – BASF , a world leader in kaolin for industrial applications, and Applied Minerals, Inc . (OTCQB: AMNL), a leading global producer of halloysite clay and advanced natural iron oxides, have entered into a global co-exclusive Purchase and Supply Agreement to commercialize and market halloysite clay-based products within select global markets.

Applied Minerals will exclusively supply halloysite clay to BASF for the development and sale of co-branded halloysite clay-based products to key BASF markets, including paints and coatings, inks, rubber, adhesives, paper and ceramic honeycomb catalytic substrates .

BASF will market halloysite clay-based products under a BASF trade name to customers worldwide, with profits to be shared by both companies.

BASF and Applied Minerals have also entered a Tolling Agreement under which BASF will provide specialized toll manufacturing to complement Applied Minerals’ current halloysite production capabilities.

“Applied Minerals ’ knowledge and experience with halloysite clay and BASF’s innovation, processing capability and market reach creates a truly synergistic partnership,” said Dr. Shane Porzio, Vice President of BASF Kaolin Business. “Our customers will benefit by having access to a broader portfolio that includes halloysite clay, a high-performance mineral additive, and our line of high-quality kaolin-based pigments and functional extenders.”




Andre Zeitoun, President and CEO of Applied Minerals, added, “Applied Minerals ’ halloysite clay offers a wide array of functionality to applications and markets in which BASF is a proven global leader. Our deep knowledge of the unique properties of halloysite clay, combined with BASF’s expertise and reach, will promote product development and market penetration while providing customers access to our combined solutions.”

About BASF Corporation
BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has more than 17,500 employees in North America, and had sales of $16.2 billion in 2016. For more information about BASF ’s North American operations, visit www.basf.us .

At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. The approximately 114,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions and Oil & Gas. BASF generated sales of about €58 billion in 2016. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (BAS). Further information at www.basf.com
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