Applied Minerals Inc (AMNL)

[MasterSalix]

They issued the 10-Q today. No real surprise (nothing we didn't already know) - revenues way down (only sold $900 worth of AMIRON, for example), exploration costs way up, net loss up, outstanding shares way up...

Page 25 in the subsequent events (Note 11) explains where the "extra" share issuance not covered in their last filing (two on 2 May 22) came from: ~9.3M shares from conversion of preferred stock...

Pages 28 and 29 are the meat of it...financials are just bad, as they have been, and they will need more money soon to keep operating...No insight on how they are going to do that, nor any indication that major deals are pending...no mention of battery technology either...

enjoy:

https://www.sec.gov/ix?doc=/Archives/edgar/data/0000008328/000157587222000465/amnl-20220331.htm