Applied Minerals Inc (AMNL)

[grandslam68]

As part of the iron oxide sale, we are issuing to the buyer ("BMI") 20M restricted shares. Needless to say, they will be plenty motivated to ramp up the PPS. As part of the agreement, BMI "will contribute, at no cost to AMI, business development personnel to assist the Company in expanding its halloysite business." BMI stated that this "provides BMI, as a significant shareholder of AMI, a new opportunity to help the Company take its key halloysite clay business to the next level."

Also interesting is that "AMI will provide a comprehensive business update after it closes on the sale of the Iron Oxide Assets."