Applied Minerals, Inc. Hires Rogerio Galante to Lead Its Iron Oxide Business
NEW YORK, NY -- (Marketwired) -- 09/09/13 -- Applied Minerals, Inc.,
(the "Company", "Applied Minerals") (OTCQB: AMNL) (OTCBB: AMNL), a
leading global producer of halloysite clay, is pleased to announce
that it has hired Rogerio Galante to lead its iron oxide business.
Mr. Galante has spent the last 15 years at Lanxess AG, a EUR9.1
(approximately US$12 billion) billion specialty chemicals company and
the world's largest producer of iron oxide pigments. While working in
Lanxess' Inorganic Pigments Group, Rogerio held a number of senior
level roles including Sales Manager of Inorganic Pigments for Brazil,
Director of Logistics, Portfolio Management and Deputy Head of North
American Iron Oxide Pigments. His experience at Lanxess covered all
aspects of product commercialization and operations.
As head of Applied Minerals' iron oxide operation, Mr. Galante will
be responsible for the sales, marketing and development of a range of
new iron oxide products from Applied Minerals' Dragon Mine resource.
"We are pleased and honored to welcome Rogerio as a leader in our
organization. Rogerio brings with him a wealth of knowledge of the
global iron oxide marketplace with in-depth, hands-on expertise
spanning all facets of successful product commercialization. We very
much look forward to the contribution of Rogerio's leadership as we
approach the launch of our new iron oxide products," said Andre
Zeitoun, President and CEO of Applied Minerals, Inc.
According to Mr. Galante: "I am very excited about the opportunity to
join the Applied Minerals team in this new role. The
uncharacteristically high purity and surface area of the natural iron
oxide from the Dragon Mine has great potential to enter a wide range
of markets to which typical natural iron oxides have not been
traditionally marketed. I look forward to helping the Company
capitalize on the promising commercial opportunities that exist for
its iron oxide resource."
The Company plans to introduce a range of hematite and goethite-based
oxide products to serve the following pigmentary and technical
-- High value transparent iron oxide pigments for wood stains, plastics
-- Environmental sorbents for water purification and remediation of toxic
-- Catalysts; and
-- Flame retardant synergists for polymer composites.
About Applied Minerals
Applied Minerals is the leading producer of
halloysite clay 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 & fillers
for plastic composites. Additional information on the company can be
found on our company website at www.appliedminerals.com.
Applied Minerals' wholly-owned Dragon Mine also contains a high-grade
iron oxide resource consisting of Goethite and Hematite. Combining
ultra-high purity and consistent quality, the inherent properties of
iron oxide from the Dragon Mine allow for a wide range of end uses in
pigment and technical applications.
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
financial results, please refer to Applied Minerals' most recent
filings with the SEC. The Company assumes no obligation to update any
Investor Relations Contact:
Jordan M. Darrow
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