SOURCE: Applied Minerals

Applied Minerals

May 31, 2013 12:33 ET

Applied Minerals, Inc. Appoints Leading Technology Executive and Management Consultant to Technical Advisory Board

NEW YORK, NY--(Marketwired - May 31, 2013) - Applied Minerals, Inc. (the "Company") (OTCQB: AMNL) (OTCBB: AMNL) today announced the appointment of Tuvia Barak to its Technical Advisory Board. 

Mr. Barak has been the President and Chief Executive Officer of Crossways Consulting Group since 1993 and has been a Venture Partner and Senior Advisor at Lux Capital Management since 2005. He has significant experience advising U.S. and international companies on business development, marketing strategies, technology assessment, and mergers and acquisitions in the aerospace and technology fields.

Mr. Barak is a member of the Board of Directors of Skyline Software, Arinc Corp., WhiteCanyon Software and Funley's Delicious and special advisor to Siluria Technologies and Kymeta Corp. His many clients have included The Carlyle Group, Boeing, L-3 Communications, ITT, General Dynamics, AAI/Textron, BAE, EDS, DRS, Elbit Systems, Schott, Selex, Ness Technologies, Vought Aircraft, SanDisk, United Defense, Mantech International, NanoSys, MapInfo, Rockwell Collins and Raytheon. Mr. Barak has a M.Sc. in E.E. from the Technion Institute of Technology, Israel.

"We are honored to welcome Tuvia to our Technical Advisory Board. Tuvia's industry expertise and vast contacts will be a benefit to the company," said Andre Zeitoun, President and CEO of Applied Minerals, Inc. According to Mr. Barak: "It is a privilege for me to be a part of the Applied Minerals advisory team. I look forward to helping create value for the company and its shareholders."

About Applied Minerals, Inc.
Applied Minerals is the leading producer of Halloysite Clay solutions from its wholly-owned Dragon Mine property in Utah. Halloysite is an 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.

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 forward-looking information.

Contact Information

  • Investor Relations Contact:
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    Darrow Associates
    631-367-1866
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