I-Minerals Inc. completes debt settlement

VANCOUVER, BC—(Marketwired – February 01, 2018) – I–Minerals Inc. (TSX VENTURE: IMA) (OTCQB: IMAHF) (FRANKFURT: 61M) (the “Company”) announces that it has completed the debt settlement announced January 24, 2018, pursuant to which accrued interest of $20,630.14 has been satisfied by the issuance to an arm's–length creditor of 55,752 common shares at deemed prices from $0.332 to $0.535 per share. All of these shares are subject to a hold period until May 31, 2018.

About I–Minerals Inc.

I–Minerals is developing multiple deposits of high purity, high value halloysite, quartz, potassium feldspar and kaolin at its strategically located Helmer–Bovill property in north central Idaho. A 2016 Feasibility Study on the Bovill Kaolin Deposit led by GBM Engineers LLC, who were responsible for overall project management and the process plant and infrastructure design, including OPEX and CAPEX calculated an After Tax NPV of US$249.8 million with a 25.8% After Tax IRR. Iniital CAPEX was estimated at $108.3 million with a 3.7 year After Tax payback. Other engineering services were provided by HDR Engineering, Inc. (all environmental components; hydrology / hydrogeology; road design); Tetra Tech, Inc. (tailings storage facility design); Mine Development Associates (mine modelling; ore scheduling; mineral reserve estimation); and SRK Consulting (U.S.) Inc. (mineral resource estimation). The project has received mine and water permits from the State of Idaho.

I–Minerals Inc.

per: “Thomas M. Conway

Thomas M. Conway,
President & CEO

This News Release includes certain “forward looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various risks. Actual results could differ materially from those projected as a result of the following factors, among others: changes in the world wide price of mineral market conditions, risks inherent in mineral exploration, risk associated with development, construction and mining operations, the uncertainty of future profitability and uncertainty of access to additional capital. .


INFINITI Reports January Sales

NASHVILLE, TN—(Marketwired – February 01, 2018) –

    2018   2017   % Change
January Sales   10,635   11,558   –8.0
Total Sales   10,635   11,558   –8.0

INFINITI today reported sales of 10,635 vehicles in the U.S. during January, down 8%.

With its first full month of deliveries the updated 2018 QX80, INFINITI's premium full–size SUV, had its best January, with an increase of 5% to 1,830. The QX60 premium crossover also had its best month with deliveries of 3,029, up 38%.

    Jan   Jan   Monthly   CYTD   CYTD   CYTD
    2018   2017   % chg   2018   2017   % chg
INFINITI Total   10,635   11,558   –8.0   10,635   11,558   –8.0
Q50   2,712   3,206   –15.4   2,712   3,206   –15.4
Q60   612   732   –16.4   612   732   –16.4
Q70   386   476   –18.9   386   476   –18.9
QX30   813   1,158   –29.8   813   1,158   –29.8
QX50   1,051   1,206   –12.9   1,051   1,206   –12.9
QX60   3,029   2,189   38.4   3,029   2,189   38.4
QX70   202   842   –76.0   202   842   –76.0
QX80   1,830   1,749   4.6   1,830   1,749   4.6
Car   3,710   4,414   –15.9   3,710   4,414   –15.9
CUV/SUV   6,925   7,144   –3.1   6,925   7,144   –3.1

INFINITI Motor Company Ltd. is headquartered in Hong Kong with representations in 50 markets around the world. The INFINITI brand was launched in 1989. Its range of premium automobiles is currently built in manufacturing facilities in Japan, the United States, United Kingdom and China. INFINITI design studios are located in Atsugi–Shi (near Yokohama), London, San Diego and Beijing. INFINITI is in the middle of a major product offensive. The brand has been widely acclaimed for its daring design and innovative driver–assistance technologies. From the 2016 season, INFINITI is a technical partner of the Renault Sport Formula One team, contributing its expertise in hybrid performance.

More information about INFINITI and its industry–leading technologies can be found at http://www.infiniti.com/. You can also follow us on Facebook, Twitter, LinkedIn and see all our latest videos on YouTube.

Image Available: http://www.marketwire.com/library/MwGo/2018/2/1/11G149799/Images/2018_INFINITI_QX80___Hermosa_Blue_Photo_15–d0371fd9fc2593bfa7a0c68b6e6c24fc.jpg

ITA Expands Professional Development Offerings

CHICAGO, IL—(Marketwired – February 01, 2018) – The Illinois Technology Association (ITA) announced today it has expanded its professional development offerings in 2018. The expanded course offerings include quarterly New Manager Training classes, PMP certification, training for Emerging Leaders and an Industrial IoT workshop in partnership with Intel.

Less than two years ago professional development was not part of the ITA portfolio. In response to member need, ITA built a professional development offering that includes full and half day workshops, panel discussions, webinars and certification courses.

“Many of our members aren't able to yet invest in internal organizational development teams,” said Trisha Degg, VP Talent Programs at ITA. “However, that doesn't diminish their need or desire to provide professional development opportunities to their employees. Through programs like our New Manager training, our members can get their employees the training they need at a fraction of what it would cost on the open market.”

In addition to soft skills training, ITA has added certification courses to its portfolio through a partnership with CompTIA. Courses available in 2018 include PMP, Certified Ethical Hacker, Cloud+ and Security+.

Throughout 2018, ITA will continue to evolve and grow its professional development offerings based on feedback from the Chicago tech community. You can view all upcoming courses and programs on the ITA website. Upcoming professional development opportunities include:

About ITA

The Illinois Technology Association (ITA) scales Illinois tech companies. With innovative resources that allow members to collaborate with each other, build their talent networks and elevate their local and national presence, ITA is the region's strongest advocate for fostering innovation and growth. Founded in 2005 and supporting 500–plus growth–stage tech companies, ITA has a rich history of driving business forward. For more information, visit illinoistech.org, follow @ITAbuzz on Twitter or find us on LinkedIn.

Nissan Group reports January 2018 U.S. Sales

NASHVILLE, TN—(Marketwired – February 01, 2018) –

    January 2018   January 2017   % Change
Nissan Group Total sales (units)   123,538   112,319   +10.0
Nissan Division sales   112,903   100,761   +12.1
INFINITI sales*   10,635   11,558   –8.0

Nissan Group today announced total U.S. sales for January 2018 of 123,538 units, an increase of 10% over the previous year. This marks a January record.

Nissan highlights:

  • Nissan Division sales also set a January record at 112,903 units, an increase of 12%.
  • Combined sales of Nissan crossovers, trucks and SUVs set a January record, up 18%.
  • Nissan Rogue sales set a January record with 36,184 sales, up 26%.
  • Frontier truck sales rose to 5,901 units, up 53%.
  • Sales of the TITAN pickup in January totaled 4,051, up 46%.
  • Murano crossover sales increased 56% to 6,792 units.
  • Armada SUV sales rose 18% to 2,246 units.

*INFINITI sales total included for reference. For more information on INFINITI's January sales performance, please visit infinitinewsews.com.

NOTE: To ensure consistency in global sales reporting, Nissan North America calculates monthly variances on a straight–percentage basis, unadjusted for the number of selling days. January 2018 had 25 selling days while January 2017 had 24 selling days.

  2018 2017 % chg 2018 2017 % chg
Nissan Division Total 112,903 100,761 12.1 112,903 100,761 12.1
Versa 7,248 8,870 –18.3 7,248 8,870 –18.3
Sentra 17,731 13,444 31.9 17,731 13,444 31.9
Altima 20,185 18,931 6.6 20,185 18,931 6.6
Maxima 4,333 3,738 15.9 4,333 3,738 15.9
LEAF 150 772 –80.6 150 772 –80.6
Juke 190 1,304 –85.4 190 1,304 –85.4
370Z 224 324 –30.9 224 324 –30.9
GT–R 34 65 –47.7 34 65 –47.7
Total Car 50,095 47,448 5.6 50,095 47,448 5.6
Frontier 5,901 3,857 53.0 5,901 3,857 53.0
Titan 4,051 2,768 46.4 4,051 2,768 46.4
Pathfinder 5,286 7,281 –27.4 5,286 7,281 –27.4
Armada 2,246 1,908 17.7 2,246 1,908 17.7
Rogue 36,184 28,760 25.8 36,184 28,760 25.8
Murano 6,792 4,363 55.7 6,792 4,363 55.7
Quest 1 1,878 –99.9 1 1,878 –99.9
NV 1,023 1,234 –17.1 1,023 1,234 –17.1
NV200 1,324 1,264 4.7 1,324 1,264 4.7
Total Truck 62,808 53,313 17.8 62,808 53,313 17.8
  2018 2017 % chg 2018 2017 % chg
Infiniti Total 10,635 11,558 –8.0 10,635 11,558 –8.0
Infiniti Q50 2,712 3,206 –15.4 2,712 3,206 –15.4
Infiniti Q60 612 732 –16.4 612 732 –16.4
Infiniti Q70 386 476 –18.9 386 476 –18.9
Infiniti QX30 813 1,158 –29.8 813 1,158 –29.8
Infiniti QX50 1,051 1,206 –12.9 1,051 1,206 –12.9
Infiniti QX60 3,029 2,189 38.4 3,029 2,189 38.4
Infiniti QX70 202 842 –76.0 202 842 –76.0
Infiniti QX80 1,830 1,749 4.6 1,830 1,749 4.6
Total Car 3,710 4,414 –15.9 3,710 4,414 –15.9
Total Truck 6,925 7,144 –3.1 6,925 7,144 –3.1
  2018 2017 % chg 2018 2017 % chg
TOTAL VEHICLE 123,538 112,319 10.0 123,538 112,319 10.0
Total Car 53,805 51,862 3.7 53,805 51,862 3.7
Total Truck 69,733 60,457 15.3 69,733 60,457 15.3
Selling days 25 24   25 24  

Image Available: http://www.marketwire.com/library/MwGo/2018/2/1/11G149797/Images/2018_Nissan_TITAN_XD__Photo_1–cb21aa69b85ebecc8bb047f433ac8cba.jpg

Newrange Gold Starts Trading Under New Symbol on US OTC Market

VANCOUVER, BC—(Marketwired – February 01, 2018) – (TSX VENTURE: NRG) (OTC PINK: NRGOF) (FRANKFURT: X6C) Newrange Gold Corp. (“Newrange” or the “Company“) is pleased to announce its trading symbol on the OTC Pink Market has been changed to NRGOF (from CMBPF) effective at the market open today. The new trading symbol better relates with the Company name and trading symbol on the Canadian market.

The OTC Pink Market listing platform offers investors transparent trading and access to Company information. It also provides investors who cannot access trading on the TSX Venture Exchange with an alternative access to Newrange's shares through regulated US broker–dealers.

About Newrange Gold Corp.

Newrange is an aggressive exploration and development company focused on near to intermediate term production opportunities in favorable jurisdictions, including Nevada, Colorado and Colombia. Focused on developing shareholder value through exploration and development of key projects, the Company is committed to building sustainable value for all stakeholders. Further information can be found on our website at www.newrangegold.com.

Signed: “Robert G. Carrington”
President & CEO

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Forward–Looking Statement:

Some of the statements in this news release contain forward–looking information that involves inherent risk and uncertainty affecting the business of Newrange Gold Corp. Actual results may differ materially from those currently anticipated in such statements.

Unisync Update on Alaska Airlines New Custom Uniforms

VANCOUVER, BC—(Marketwired – February 01, 2018) – Unisync Corp. (TSX VENTURE: UNI)

Alaska Airlines unveiled on January 18th at its SeaTac Hanger its new custom uniforms collection, which will be manufactured by Unisync Group Limited (“Unisync Group”), a wholly owned subsidiary of Unisync Corp. The design, which has been more than two years in the making, will clad 19,000 Alaska, Virgin America and Horizon Air uniformed employees starting in late 2019. Unisync Group was selected as Alaska Airlines' new uniform partner in mid 2016 and has been working extensively with Alaska Airlines and Seattle–based designer Luly Yang on the project. The unveiling included a fashion show with employee models walking the runway, showcasing over 90 garments and accessories to thousands of employees. “Luly's designs perfectly capture our fresh, West Coast vibe and we're absolutely thrilled with the collection. Unisync has delivered on making a high quality product and their added depth of knowledge and experience only gives us that much more confidence in our ability to deliver a successful program to our employees” said Sangita Woerner, Alaska Airlines' vice president of marketing.

The new custom uniform program is scheduled to officially rollout starting late 2019 where Unisync Group will be responsible for all aspects of the program including manufacturing, quality, safety, inventory planning, online ordering, customer service, and warehouse and distribution. “Unisync Group is thrilled to be the selected partner of Alaska Airlines” said Michael Smith, Unisync's senior vice president of service and supply chain. “Unisync has worked hard to position itself as a leader and innovator to the airline industry with a focus on service, safety and transparency for our customers. The entire team here is truly excited at the opportunity to work with Alaska and Luly on this project.”

Alaska Airlines will also be one of the few custom uniform programs worldwide to adhere to the industry–leading safety program STANDARD 100 by OEKO–TEX®. The STANDARD 100 BY OEKO–TEX® is one of the most progressive textile standards in the world and is known for ensuring that textiles are free of potentially harmful substances and allergens. STANDARD 100 by OEKO–TEX® ensures that substances used in textile production of a garment meet or exceed global safety standards; it also requires suppliers gain certification to produce each garment component, down to the color, material, thread and dyes.

“We have the trifecta of excellence in our uniform partners,” said Ann Ardizzone, vice president strategic sourcing and supply chain for Alaska Airlines. “We knew that the unique combination of Luly's vision, in partnership with the discipline and depth of Unisync and OEKO–TEX, would yield great things. By building safety into the sourcing of materials and applying that standard throughout the process, we're able to deliver a uniform that not only looks beautiful, but is safe for our employees.”

The uniforms made their official debut Monday, January 22nd, with 130 employee wear testers — flight attendants, pilots, customer service agents and lounge employees — putting the uniforms through their paces for the next 60 days.

About Unisync

Unisync Group is a vertically integrated enterprise with exceptional capabilities in garment design, domestic manufacturing and off–shore outsourcing, including state–of–the–art web based B2B ordering, distribution and program management systems.

For more information on our capabilities, products and services please visit our website at www.unisyncgroup.com.

On Behalf of the Board of Directors

Douglas F Good

Forward Looking Statements
This news release may contain forward–looking statements that involve known and unknown risk and uncertainties that may cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied in these forward– looking statements. Any forward–looking statements contained herein are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company undertakes no obligation to publicly update or revise any such forward–looking statements to reflect any change in its expectations or in events, conditions or circumstances on which any such forward–looking statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward–looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

EnWave Announces Exclusive Partnership with Medical Cannabis Producer Tilray(R) and the Shipment of First Radiant Energy Vacuum Machine for the Commercial Production of Medical Cannabis

VANCOUVER, BC—(Marketwired – February 01, 2018) – EnWave Corporation (TSX VENTURE: ENW) (FRANKFURT: E4U) (“EnWave”, or the “Company”) reports today that for the first time, it has shipped a commercial Radiant Energy Vacuum (REV™) dehydration machine for further research refinement and also the commercial production of medical cannabis. Additionally, the Company has named Tilray (“Tilray”), a major Canadian Licensed Producer (“LP”), as its licensed partner under the terms of an exclusive, sub–licensable, royalty bearing commercial license (the “License”) signed in October 2017. The License grants Tilray an exclusive right to use and sub–license the Company's proprietary REV™ dehydration technology in Canada for efficient production of high–quality dried and decontaminated cannabis products.

The shipment and installation marks EnWave's entrance into the rapidly growing Canadian cannabis market. The partnership with Tilray has been designed to pair EnWave's disruptive cannabis processing technology with Tilray's industry–leading processing capabilities and regulatory expertise. The Company's strategy, in partnership with Tilray, is to secure additional royalty bearing sub–licenses with additional licensed producers in the cannabis sector.

This first small–scale 10 kW REV™ dryer will be used by Tilray to initiate commercial production and for advanced product development. A second, larger–scale, continuous 60kW commercial REV™ machine will be shipped to the LP before mid–2018 to initiate large–scale commercial production.

EnWave's patented technology pasteurizes and uniformly dries cannabis in its natural state, without any additives, in under one hour, dramatically shortening the time from harvest to marketable products and circumvents the need to transport medical cannabis to highly–specialized and expensive off–site decontamination facilities. EnWave's continuous high–volume REV™ drying process is energy efficient and eliminates the need for large–scale in–house drying rooms and the associated potential for product loss due to mold growth during the traditional multi–day drying process. The automation of the drying process by EnWave's scalable REV™ machinery is expected to reduce personnel costs and provide a highly cost–effective solution for high–quality cannabis production.

Following installation of the REV™ equipment, Tilray, which is projected to achieve production capacity greater than 74 metric tons in 2018, will pay royalties based on the amount of cannabis processed using EnWave's REVtm technology. The sub–license rights granted to Tilray allow for the sub–licensing of the technology to additional Canadian licensed producers, with sub–license royalties to be shared between EnWave and Tilray on an undisclosed basis. All other terms of the License are confidential. In other applications, EnWave's REV™ drying is used to produce food products including many that are certified organic in accordance with USDA Organic Regulations.

About Tilray ®
Tilray is a global pioneer in the research, cultivation, processing and distribution of medical cannabis and cannabinoids. Tilray was the first federally licensed cannabis company to be EU GMP certified to produce medical cannabis. The company currently serves tens of thousands of patients, physicians, pharmacies, governments, hospitals, and researchers in eight countries spanning four continents through its affiliated entities in Australia and New Zealand (Tilray Australia New Zealand Pty Ltd), Canada (Tilray Canada Ltd), Germany (Tilray Deutschland GmbH), and Portugal (Tilray Portugal Unipessoal Lda).

About EnWave
EnWave Corporation, a Vancouver–based advanced technology company, has developed Radiant Energy Vacuum (“REV™”) — an innovative, proprietary method for the precise dehydration of organic materials. EnWave has further developed patent–pending methods for uniformly drying and decontaminating cannabis through the use of REV™ technology, shortening the time from harvest to marketable cannabis products.

REV™ technology's commercial viability has been demonstrated and is growing rapidly across several market verticals in the food, and pharmaceutical sectors including legal cannabis. EnWave's strategy is to sign royalty–bearing commercial licenses with industry leaders in multiple verticals for the use of REV™ technology. The company has signed over twenty royalty–bearing licenses to date, opening up nine distinct market sectors for commercialization of new and innovative products. In addition to these licenses, EnWave has formed a Limited Liability Partnership, NutraDried LLP, to develop, manufacture, market and sell all–natural cheese snack products in the United States under the Moon Cheese® brand.

EnWave has introduced REV™ as the new dehydration standard in the food and biological material sectors: faster and cheaper than freeze drying, with better end product quality than air drying or spray drying. EnWave currently has three commercial REV™ platforms:

1. nutraREV® which is used in the food industry to dry food products quickly and at low–cost, while maintaining high levels of nutrition, taste, texture and colour;

2. powderREV® which is used for the bulk dehydration of food cultures, probiotics and fine biochemicals such as enzymes below the freezing point, and

3. quantaREV® which is used for continuous, high–volume low–temperature drying.

An additional platform, freezeREV®, is being developed as a new method to stabilize and dehydrate biopharmaceuticals such as vaccines and antibodies. More information about EnWave is available at www.enwave.net.

EnWave Corporation
Dr. Tim Durance
President & CEO

Forward–Looking Information: This press release may contain forward–looking information based on management's expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about the Company's strategy for growth, product development and market position are forward–looking statements. These statements are not a guarantee of future performance and involve a number of risks, uncertainties and assumptions, including those relating to the expectation of commercially successful integration of the EnWave technology to the dehydration of cannabis, the outcome of EnWave's patent application, the ability of the Company to expand into the cannabis industry and successfully market its technology and patents, that the Company will be able to meet all applicable legal regulatory requirements in order to commercially exploit its patent, if and when its application is approved, or otherwise market its technology to cannabis industry participants, and other risks applicable to the Company as disclosed in its public filings. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. EnWave does not undertake to update its forward–looking information unless required by applicable securities law. Accordingly, readers should not place undue reliance on forward–looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Applied Minerals Provides Revenue Outlook for 2018 and 2019

NEW YORK, NY—(Marketwired – February 01, 2018) – Applied Minerals, Inc. (the “Company” or “Applied Minerals”) (OTCQB: AMNL), a leading global producer of halloysite clay under the trade name DRAGONITE™ and advanced natural iron oxides under the trade name AMIRON™, is pleased to provide shareholders details of its revenue pipeline. The pipeline is comprised of a number of revenue opportunities previously discussed at the Company's 2017 Annual Meeting.

During 2017, management achieved a number of goals, which it believes positions the Company for commercial success in 2018 and beyond. The goals achieved during 2017 include the:

  • Advancement of a number of revenue opportunities toward commercialization in 2018 and 2019;
  • Establishment of an agreement to 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;
  • Acquirement of access to the advanced clay processing capabilities of BASF; and
  • Improvement of the Company's balance sheet by pushing out the maturity date of its Series A Notes from November 1, 2018 to May 1, 2023.

Revenue Pipeline

The Company's revenue pipeline is comprised of sales of DRAGONITE and AMIRON expected to occur during 2018 and 2019. A large majority of the revenue opportunities within the pipeline involve the sale of DRAGONITE to new customers and are expected to commercialize during 2019.

Management includes a revenue opportunity in its pipeline only when, in its best judgment, the following criteria are met: (i) the product associated with the revenue opportunity has at least reached the commercial–scale testing phase and (ii) both the expected size (volume) of the revenue opportunity and the timeframe within which it is expected to commercialize can be reasonably estimated. Management utilizes customer input, as well as its own assessment of the opportunity, to determine whether to move it into the pipeline.

The largest components of the Company's revenue pipeline are sales of DRAGONITE to the catalyst/molecular sieve and the wire and cable/flame retardant markets.

Revenue Pipeline – 2018

Based on the Company's pipeline, management is targeting a revenue range of $4.2 million – $6.0 million for 2018. Most of the revenue opportunities included in the pipeline for 2018 are expected to commercialize during the latter half of the year.

The high–end of the revenue range reflects management's best assessment of the likely outcome of each revenue opportunity. The low–end of the revenue range reflects a 30% discount to the high–end of the range.

The Company expects to begin generating positive cash flow on an annualized basis during the latter half of 2018 if the mid to high–end of the revenue range is achieved.

Revenue Pipeline – 2019

The following table provides a range of revenue and EBITDA for 2019 based on the Company's revenue pipeline. The high–end of the revenue range reflects management's best assessment of the likely outcome of each revenue opportunity. The low–end of the revenue range reflects a 30% discount to the high–end.

2019 Projections Based on Revenue Pipeline($ Millions)
    Low   High
Revenue   16.1   23.0
EBITDA   8.5   12.0

The following table provides the range of expected revenue by application area for 2019.

2019 Revenue Pipeline by Application Area($ Millions)
    Low   High
Catalysts/Molecular Sieves   8.3   11.7
Wire & Cable/FR   4.2   6.0
Other Markets1   3.6   5.3
Total   16.1   23.0
1. Includes paints and coatings, oilfield, wire and cable/FR, ceramics, and plastic composites/nucleation

Additional Revenue Opportunities

The Company's revenue pipeline does not include all of its revenue opportunities. Management is developing additional opportunities, some significant, in the application areas identified in the table above.

Some of management's development work includes the collaboration with partners such as BASF and Fimatec Ltd. Management is also focused on the development of a number of opportunities within application areas such as battery materials (press release) and cement additives.

Some or all of these opportunities may eventually be added to the revenue pipeline as they develop.

Risks Associated with Revenue Pipeline

The assumptions underlying the revenue opportunities included in the Company's pipeline are dependent, in part, on guidance provided by the Company's current and prospective customers. The guidance may include, but is not limited to, the size (volume) of a revenue opportunity, the timing of the commercialization of the opportunity, and the price paid for our product.

Management may further refine the assumptions underlying its revenue opportunities with its own assessment of the opportunities. Assumptions regarding volume, timing and pricing include an element of uncertainty but represent management's best estimates.

Management frequently reviews the assumptions underlying the Company's revenue opportunities to determine whether a revision to its pipeline is required.

About Applied Minerals

Applied Minerals is the leading producer of halloysite clay and advanced natural iron oxide solutions from its wholly owned Dragon Mine property in Utah. Halloysite is aluminosilicate clay that forms naturally occurring nanotubes. In addition to serving the traditional halloysite markets for use in technical ceramics and catalytic applications, the Company has developed niche applications that benefit from the tubular morphology of its halloysite. These applications include carriers of active ingredients in paints, coatings and building materials, environmental remediation, agricultural applications and high–performance additives and fillers for plastic composites. Applied Minerals markets its halloysite products under the DRAGONITE™ trade name.

From its Dragon Mine property, the Company also produces a range of ultra–pure natural iron oxides consisting of hematite and goethite. Combining ultra–high purity and consistent quality, the inherent properties of the iron oxide from the Dragon Mine allow for a wide range of end uses in pigment and technical applications. Applied Minerals markets its comprehensive line of advanced natural iron oxide pigments under the AMIRON™ trade name. Additional information on the Company can be found at www.appliedminerals.com and www.AMIRONoxides.com.

Safe Harbor Statements

The following are safe harbor statements under the Private Securities Litigation Reform Act of 1995 for Applied Minerals, Inc. Some statements contained or implied in this news release may be considered forward–looking statements, which by their nature are uncertain. Consequently, actual results could materially differ. For more detailed information concerning how risks and uncertainties could affect the Company's revenue pipeline, please refer to Applied Minerals' most recent annual and quarterly reports filed with the SEC. The Company assumes no obligation to update any forward–looking information.