Replies to post #2776 on Applied Minerals Inc (AMNL)

[santoph]

Excellent report beigle, thank you. Seems our clay will definitely have some expensive nano usage, but we just have to wait for them to market it.

[stephQB]

Thanks for the NanoDynamics report, Beigledog....

Reinforces my feeling that NaturalNano will be more important for ALMI than ND. Too bad NN wasn't cooperative. You'd think they'd be very interested in courting a large group of potential investors (this board) through you. Thanks for trying.

[Mr. Zen]

good work beig... obviously they are not strong on appearances,just on substance. If they would have had a big shiny office in the high rent district that would make me nervous... speaks volumes in itself.. I am surprised they told you about the Southern Clay issue and the price per ton to the automotive industry. No need to get hopes up just yet, that one may be a year or two out but alot of companies are now doing r&d work with the raw product from Atlas Mine. Patience will be rewarded here but it will require patience as with all mining companies.

[wald]

Thank you for your efforts and excellent report.
The warrant granted to NanoDynamics is believed to have been issued on December 3, 2004, and to allow the purchase within one year of up to 1,000,000 restricted shares of ALMI at the price of 35 cents a share.
NaturalNano;s PR leads to the belief that they have rights to the 5,000 tons of processed halloysite clay (priced at $500 a ton) available under NanoDynamics'
purchase order with Atlas Mining.
NaturalNano purchased 500 tons of clay and was to process their clay
on the Dragon Mine site. How long that was to take is not known, nor is it known
if all 500 tons have been processed to date. This processed clay will be for resale.
by NaturalNano.
Through March 31, NaturalNano had paid $125,000 for the clay. (Atlas Mining has reported clay income of $250,000 through March 31, 2005 - with no clay income in 2005.) Did NanoDynamics actually take delivery of clay and pay for it? It
certainly does not seem they have any intention of using the halloysite for their own products, as you confirmed.
Fortunately, the activity for licensing from the Navy Research indicates there are others who do intend to use the clay in their products.

[Pennypicks]

Beige - NanoDynamics Acquires MetaMateria Partners


What is missing from your report
MetaMateria

NanoDynamics Acquires Remaining Interest in MetaMateria Partners
Acquisition Will Benefit Companies' Advanced Materials Manufacturing and Commercialization Initiatives
BUFFALO, N.Y.--May 3, 2004--NanoDynamics, Inc. [profile], a leading manufacturer of superior nanomaterials, today announced the acquisition of the Company's remaining 50% interest in MetaMateria Partners LLC (MMP), an innovative developer of nanomaterial synthesis technology, and novel manufacturing and consolidation techniques. As a result, MMP, based in Columbus, Ohio, is now a wholly-owned subsidiary of NanoDynamics. The acquisition of MMP will further strengthen NanoDynamics' nanomaterial manufacturing capabilities as well as expand its component and commercial product expertise.



MetaMateria Partners has developed commercially useful manufacturing processes used in the application of advanced materials such as nano-sized ceramics for a wide range of industries, including fuel cells, environmental, biomedical and defense sectors. In the past two years, MMP has received contracts to develop advanced materials and components from the US Army Tank and Automotive Command, the US Navy, and the State of Ohio's Technology Action Fund.

"MMP's success in developing state-of-the-art process technologies for producing nano-sized ceramic and metal materials complements NanoDynamics' strategic positioning and existing business structure," stated NanoDynamics' Chief Executive Officer Keith Blakely. "We began our collaboration with MMP less than two years ago and are delighted with the success they have achieved in such a short period of time. We are confident that through this acquisition, NanoDynamics will provide MMP with the additional resources they require to identify and capitalize on new technology processes more efficiently and effectively as the demand for advanced materials increases."

"This acquisition will allow MetaMateria Partners to accelerate the commercial application of our novel process technologies by even closer association with our corporate partner. NanoDynamics has demonstrated their commitment to the commercialization of the exciting new nanomaterials and processes we have developed," stated Dr. Richard Schorr, MetaMateria Partners General Manager. "We look forward to working with NanoDynamics' experienced management team as they assist MMP in achieving an accelerated path to the commercialization of our suite of high technology offerings."

About NanoDynamics

NanoDynamics, Inc. is a leading manufacturer of superior nanomaterials that will dramatically improve the form, function and performance of a wide range of both industrial and consumer products. The Company is uniquely positioned, utilizing proprietary and protected technologies, to commercially manufacture economical, high quality nanomaterials that will enable revolutionary advancements in industries including electronics, semiconductors, consumer products, fuel cells, transportation, energy and biotechnology. For further information, please visit the Company's website at www.nanodynamics.com.

About MetaMateria Partners

MetaMateria Partners (MMP) is an innovative developer of industry specific manufacturing methods and consolidation techniques. MMP uses novel methods for making nano-materials, which are tailored to the specific needs of industrial clients in a wide range of markets. The Company's focus is on the application of components, devices and engineered systems to obtain improved product performance as well as lower manufacturing costs. Additionally, MMP manufactures limited quantities of high quality powders, ceramic filters and ceramic/composite products.
http://www.nanoinvestornews.com/modules.php?name=News&file=article&sid=2740

[wald]

The president of NaturalNano has said that a small (less than 25%?) portion of the Dragon Mine halloysite is usable in the nano industry. He may be in error, but assuming that Atlas agreed to sell 5,000 tons of the usable processed clay under the terms of the 5,000 ton "purchase order", Atlas would have to mine over 20,000 tons of the clay to complete that order. When (not if,imo) NaturalNano has an end user for nano clay they will probably purchase though NanoDynamics, not direct from Atlas. CEO Jacobson spoke of expecting $1,000 a ton sales next year, but that seems hard to figure.
Do you know if NanoDynamics exercised their warrants to purchase the 1,000,000 shares of ALMI at 35 cents a share?
The time to exercise the warrents has passed. It would seem unlikely that they would pass, but they might have been unwilling to tie up $350,000 in cash for a year if that was required. Atlas did not need the cash now but NanoDynamics may have to fund their own growth.