Applied Minerals Inc (fka AMNLQ)

[MasterSalix]

I see no indication from the public posts or statements from Mr. Z that ionic took possession of any Applied patents or the mine. However, Ionic keeps referencing the mine and its supply in its public statements. Remember, Ionic, as of now, is not yet public so info is a lot harder to get.

As far as Applied, latest filing from them is from July and states they were in settlement negotiations with the SEC [https://www.sec.gov/files/litigation/opinions/2024/34-100568.pdf]. However, the SEC moved in August for revocation {https://www.sec.gov/files/litigation/apdocuments/3-21864-2024-08-14-motion.pdf} so those negotiations went nowhere.

So it is almost a guarantee that this stock will be gone soon and cease trading, on any market - then, perhaps, Chris files for BK? - I don’t know at this point. I would expect Ionic to step in and pick up the pieces at some point, but most likely after this stock is long gone.