Private company

Applied Minerals, Inc.

Applied Minerals, Inc. is an American Mining and Quarrying of Nonmetallic Minerals company.¹ It is headquartered in Eureka, Utah.¹

Last updated Oct 21, 2026.

Overview

IndustryMining & Quarrying of Nonmetallic Minerals (No Fuels)¹
HeadquartersEureka, Utah¹
Incorporated inDE²
Business addressPo Box 432, 1200 Silver City Rd, Eureka, Ut 84628²
Filer categoryNon-accelerated filer, Smaller reporting company²

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2021

-148.5%Operating margin³

-233.0%Net margin³

60.3%Revenue growth, 2021³

Where the money goes

Where each dollar of revenue went, fiscal 2021

Interest

Interest100¢$1.9M

Out of $1.4M in revenue.³ The company lost money this year.

Financial statements

Revenue⁴⁵⁶⁷⁸³$1.4M in 2021+178% since 2015

Operating income⁴⁵⁶⁷⁸³-$2.1M in 2021−79% since 2015

Net income⁴⁵⁶⁷⁸³-$3.3M in 2021−67% since 2015

Fiscal year	2015	2016	2017	2018	2019	2020	2021
Revenue	$507.5K⁴	$4.0M⁵	$2.4M⁶	$4.9M⁷	$486.0K⁸	$879.2K³	$1.4M³
Operating expenses							$3.5M³
Operating income	-$9.9M⁴	-$4.6M⁵	-$5.2M⁶	-$2.0M⁷	-$4.0M⁸	-$2.8M³	-$2.1M³
Interest	$4.6M⁴	$6.3M⁵	$9.9M⁶	$2.3M⁷	$2.2M⁸	$1.8M³	$1.9M³
Income tax			$0⁶	$0⁷	$0⁸	$0⁸	$0³
Net income	-$9.8M⁴	-$7.6M⁵	-$14.9M⁶	-$3.3M⁷	-$6.0M⁸	-$3.3M³	-$3.3M³

Total assets⁴⁵⁶⁷⁸³$1.2M in 2021−86% since 2015

Total liabilities⁴⁵⁶⁷⁸³$51.6M in 2021+114% since 2015

Shareholders’ equity⁴⁶⁷⁸³-$50.4M in 2021+220% since 2015

Cash⁵⁶⁷⁸³$74.3K in 2021−96% since 2015

Long-term debt⁶⁷⁸³$47.0M in 2021+41% since 2017

Fiscal year	2015	2016	2017	2018	2019	2020	2021
Cash	$1.8M⁵	$1.0M⁶	$47.7K⁷	$2.9M⁸	$52.8K⁸	$669.6K³	$74.3K³
Receivables							$34.3K³
Current assets	$2.4M⁴	$1.8M⁵	$280.8K⁶	$3.3M⁷	$415.3K⁸	$927.8K³	$270.6K³
Property, plant and equipment							$500.0K³
Total assets	$8.3M⁴	$6.1M⁵	$3.3M⁶	$4.1M⁷	$1.5M⁸	$1.9M³	$1.2M³
Short-term debt							$0³
Current liabilities	$1.8M⁴	$1.8M⁵	$1.2M⁶	$1.4M⁷	$2.4M⁸	$3.5M³	$3.5M³
Long-term debt			$33.2M⁶	$35.0M⁷	$43.7M⁸	$45.2M³	$47.0M³
Long-term liabilities							$48.0M³
Total liabilities	$24.1M⁴	$27.0M⁵	$36.5M⁶	$38.3M⁷	$46.3M⁸	$49.7M³	$51.6M³
Shareholders’ equity	-$15.7M⁴	-$21.0M⁶	-$33.2M⁷	-$34.1M⁸	-$44.8M³	-$47.8M³	-$50.4M³
Shares outstanding	97.1M shares⁴	108.6M shares⁵	140.8M shares⁶	175.5M shares⁷	175.5M shares⁸	183.9M shares³	217.7M shares³

Cash from operations⁵⁶⁷⁸³-$1.1M in 2021−59% since 2016

Capital spending⁴⁵⁶⁷$0 in 2019

Free cash flow⁵⁶⁷⁸-$2.4M in 2019−19% since 2016

Fiscal year	2015	2016	2017	2018	2019	2020	2021
Cash from operations		-$2.7M⁵	-$2.1M⁶	$1.3M⁷	-$2.4M⁸	$845.1K³	-$1.1M³
Stock-based compensation							$234.4K³
Capital spending	$251.1K⁴	$217.2K⁵	$43.8K⁶	$23.1K⁷	$0⁷
Free cash flow		-$2.9M	-$2.2M	$1.3M	-$2.4M
Cash from financing							$516.9K³

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Corporate structure

Applied Minerals, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Applied Minerals, Inc.

SAMLYN CAPITAL, LLC Filed SC 13D/A on Applied Minerals, Inc., latest Nov 1, 2024 (4 filings since Jan 11, 2023)
KINGDON CAPITAL MANAGEMENT, L.L.C. Filed SC 13G/A on Applied Minerals, Inc., latest Feb 6, 2024 (3 filings since Feb 10, 2022)
BMI Minerals Co Filed SC 13D/A on Applied Minerals, Inc., latest Mar 6, 2023 (2 filings since Aug 22, 2022)
BERYLSON CAPITAL PARTNERS, LLC Filed SC 13G/A on Applied Minerals, Inc., latest Feb 14, 2023 (2 filings since Feb 14, 2022)
Richard Brian Fox Filed SC 13D on Applied Minerals, Inc., latest Aug 23, 2022
IBS CAPITAL LLC Filed SC 13D/A on Applied Minerals, Inc., latest Dec 22, 2021

Applied Minerals, Inc. Eureka, Utah

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Applied Minerals, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Item	Latest	A year before	Change
Property and equipment, before depreciation	$500.0K³ Dec 31, 2021	$500.0K³ Dec 31, 2020	0%
Accumulated depreciation	$0³ Dec 31, 2021	$0³ Dec 31, 2020
Property and equipment, net	$500.0K³ Dec 31, 2021	$500.0K³ Dec 31, 2020	0%
Finance-lease assets	$42.8K³ Dec 31, 2021	$0³ Dec 31, 2020
Operating-lease assets (leased space)	$28.1K³ Dec 31, 2021	$136.3K³ Dec 31, 2020	−79.4%

Investments

Item	Latest	A year before	Change
Cash and cash equivalents	$74.3K³ Dec 31, 2021	$669.6K³ Dec 31, 2020	−88.9%

Leadership

Who has led Applied Minerals, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

President

Chief financial officer

2010201520202025

Chief executive officerChristopher T. Carney Feb 16, 2022 to Feb 16, 2022¹²
Chief executive officerAndre Zeitoun Jan 9, 2009 to Dec 11, 2018¹³
Chief executive officerMichael T. Lyon Jul 15, 2008 to Dec 31, 2008¹⁴
Chief executive officerRobert L. Dumont Aug 3, 2007 to Aug 3, 2007¹⁵
Chief executive officerWilliam T. Jacobson Dec 12, 2006 to Feb 19, 2008¹⁶
PresidentAndre Zeitoun Jan 9, 2009 to Dec 11, 2018¹³
PresidentRobert L. Dumont Aug 3, 2007 to Aug 3, 2007¹⁵
PresidentWilliam T. Jacobson Dec 12, 2006 to Feb 19, 2008¹⁶
Chief financial officerNat Krishnamurti Apr 9, 2013 to Feb 9, 2015¹⁷
Chief financial officerChristopher T. Carney Mar 26, 2009 to Feb 13, 2017¹⁸
Chief financial officerWilliam T. Jacobson Feb 14, 2007 to Jul 6, 2007¹⁹
Chief financial officerBarbara S. Suveg Aug 31, 2007 to Aug 31, 2007²⁰

Board members and other officers (17)

LEGAL COUNSELWilliam Gleeson Oct 17, 2011 to Apr 9, 2013²¹
Chief Restructuring OfficerMorris D. Weiss Nov 26, 2008 to Jan 22, 2009²²
SecretaryMarqueta Martinez Feb 14, 2007 to Feb 14, 2007²³
Exec Vice President-Bus DevJohn Shepherd Gaensbauer Aug 20, 2007 to Aug 20, 2007²⁴
Board memberChristopher T. Carney Feb 16, 2022 to Feb 16, 2022¹²
Board memberGeoffrey Gates Scott Dec 20, 2021 to Feb 16, 2022²⁵
Board memberBradley M. Tirpak Apr 3, 2015 to May 25, 2017²⁶
Board memberRobert Betz Mar 18, 2014 to Feb 16, 2022²⁷
Board memberZamani Ali Mar 18, 2014 to Aug 29, 2018²⁸
Board memberMario Concha Oct 8, 2013 to Feb 16, 2022²⁹
Board memberAndre Zeitoun Jan 9, 2009 to Dec 11, 2018¹³
Board memberEvan D. Stone Aug 28, 2009 to Oct 4, 2013³⁰
Board memberJohn F. Levy Jan 23, 2008 to Feb 16, 2022³¹
Board memberDavid A. Taft Oct 27, 2008 to Aug 3, 2016³²
Board memberMorris D. Weiss Nov 25, 2008 to May 6, 2009³³
Board memberWilliam T. Jacobson Dec 12, 2006 to Feb 19, 2008¹⁶
General counselWilliam Gleeson Jun 11, 2014 to May 18, 2016³⁴

Former names

ATLAS MINING CONov 12, 1999 to Nov 13, 2009²

Timeline

May 11, 20238-K Debt or obligation accelerated³⁵
Jan 30, 20238-K Regulation FD disclosure³⁶
Dec 8, 20228-K Entered a material agreement³⁷
Nov 14, 20228-K Other events³⁸
Nov 4, 20228-K Other events³⁹
Aug 10, 20228-K Entered a material agreement; Executive or director change⁴⁰
Jul 11, 20228-K Entered a material agreement⁴¹
Jun 2, 20228-K Entered a material agreement⁴²
May 6, 20228-K Entered a material agreement⁴³
Apr 29, 20228-K Executive or director change⁴⁴
Feb 16, 2022New chief executive Christopher T. Carney becomes CEO¹²
Feb 7, 20228-K New debt or obligation⁴⁵
Jan 6, 20228-K Entered a material agreement⁴⁶
Jan 9, 2009New chief executive Andre Zeitoun becomes CEO¹³
Jul 15, 2008New chief executive Michael T. Lyon becomes CEO¹⁴
Aug 3, 2007New chief executive Robert L. Dumont becomes CEO¹⁵
Dec 12, 2006New chief executive William T. Jacobson becomes CEO¹⁶

Filings

48 filings to the SEC since October 2021: 1 annual reports, 4 quarterly reports, 14 major events, 7 insider forms, 13 large holders, 9 other. The latest 20:

Nov 1, 2024SC 13D/A EDGAR
Mar 11, 2024SC 13D/A EDGAR
Feb 6, 2024SC 13G/A EDGAR
Jan 5, 2024SC 13D/A EDGAR
May 16, 2023NT 10-Q FROM NT 10-Q EDGAR
May 11, 20238-K EDGAR
Mar 31, 2023NT 10-K NT 10K EDGAR
Mar 6, 2023SC 13D/A FORM 13D/A EDGAR
Feb 14, 2023SC 13G/A AMENDMENT NO. 6 EDGAR
Feb 6, 2023SC 13G/A EDGAR
Jan 30, 20238-K EDGAR
Jan 11, 2023SC 13D/A EDGAR
Dec 21, 2022DEF 14A EDGAR
Dec 8, 20228-K EDGAR
Nov 30, 202210-Q EDGAR
Nov 14, 2022NT 10-Q EDGAR
Nov 14, 20228-K EDGAR
Nov 4, 20228-K EDGAR
Aug 23, 2022SC 13D EDGAR
Aug 22, 202210-Q EDGAR

The 48 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

2 open-market trades by officers, directors and large owners since October 2021: 1 buys and 1 sales. Grants, option exercises and gifts are left out.

Date	Who	Trade	Shares	Price	Value	Filing
Dec 17, 2021	SCOTT GEOFFREY GATESDirector	Buy	5,000,000	$0.01	$50.0K	Form 4
Dec 17, 2021	IBS TURNAROUND FUND (QP) (A LTD PARTNERSHIP)	Sale	5,000,000	$0.01	$50.0K	Form 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SAMLYN CAPITAL, LLCSC 13D/A, 4 filings Jan 11, 2023 to Nov 1, 2024⁴⁷
KINGDON CAPITAL MANAGEMENT, L.L.C.SC 13G/A, 3 filings Feb 10, 2022 to Feb 6, 2024⁴⁸
BMI Minerals CoSC 13D/A, 2 filings Aug 22, 2022 to Mar 6, 2023⁴⁹
BERYLSON CAPITAL PARTNERS, LLCSC 13G/A, 2 filings Feb 14, 2022 to Feb 14, 2023⁵⁰
Richard Brian FoxSC 13D, 1 filing Aug 23, 2022⁵¹
IBS CAPITAL LLCSC 13D/A, 1 filing Dec 22, 2021⁵²

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$264.5K 2021–2021

PPP loans $264.5K

Figures by year

Year	PPP loans	Total
2021	$264.5K	$264.5K

PPP loans

Paycheck Protection Program loans of $150,000 and up, approved April 2020 to July 2021, from the SBA⁵³. Matched to this company by name and state.

Feb 25, 2021$264.5K PPP loan (second draw) from Bank of America, National Association⁵³To APPLIED MINERALS INC, Eureka UT; $266.2K forgiven Oct 25, 2021

SEC filer profile

How Applied Minerals, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

Name on EDGARApplied Minerals, Inc.¹
CIK0000008328
Employer ID (EIN)82-0096527¹
Filer statusNon-accelerated filer<br>smaller reporting company¹
Incorporated inDelaware¹
Fiscal year endsDecember 31¹
Industry code (SIC)1400 Mining & Quarrying of Nonmetallic Minerals (No Fuels)¹
SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance¹
Business addressPo Box 432, 1200 Silver City Rd, Eureka, UT 84628¹
Phone435-433-2059¹
Shares outstanding390,842,696 as of Nov 29, 2022¹¹
Public float$4.1M as of Jun 30, 2021³
On EDGAR sinceNov 12, 1999¹
Filings803 in all: 4 (222), 8-K (159), 10-Q (46), CORRESP (43), SC 13D/A (28), UPLOAD (25), 3 (22), NT 10-Q (22)¹
All 45 form types
4/A (20), 10QSB (17), SC 13G/A (17), 10-K (15), DEF 14A (14), NT 10-K (13), 10-Q/A (12), EFFECT (12), 10-K/A (10), 5 (10), S-1/A (10), SB-2/A (9), S-1 (8), PRE 14A (7), SC 13D (7), 8-K/A (6), 10KSB (5), S-8 (5), SB-2 (4), SC 13G (4), 424B2 (3), D (3), POS AM (3), PRER14A (3), 3/A (2), 5/A (2), AW (2), DEFA14A (2), DEFR14A (2), S-3 (2), 10KSB/A (1), 10QSB/A (1), 424B1 (1), 8-A12G (1), REGDEX (1), RW (1), S-8 POS (1)
Latest filingsAnnual report (10-K) Apr 18, 2022
Quarterly report (10-Q) Nov 30, 2022
Proxy statement (DEF 14A) Dec 21, 2022
Latest 8-K (8-K) May 11, 2023

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARApplied Minerals, Inc. filings on SEC EDGAR
2
SEC EDGARApplied Minerals, Inc. filings on SEC EDGAR
3
SEC EDGARApplied Minerals, Inc. 10-K for fiscal 2021
4
SEC EDGARApplied Minerals, Inc. 10-K for fiscal 2015
5
SEC EDGARApplied Minerals, Inc. 10-K for fiscal 2016
6
SEC EDGARApplied Minerals, Inc. 10-K for fiscal 2017
7
SEC EDGARApplied Minerals, Inc. 10-K for fiscal 2018
8
SEC EDGARApplied Minerals, Inc. 10-K for fiscal 2019
9
SEC EDGARApplied Minerals, Inc. 10-Q for fiscal 2022
10
SEC EDGARApplied Minerals, Inc. 10-Q for fiscal 2022
11
SEC EDGARApplied Minerals, Inc. 10-Q for fiscal 2022
12
SEC EDGARChristopher T. Carney, Chief executive officer
13
SEC EDGARAndre Zeitoun, Chief executive officer
14
SEC EDGARMichael T. Lyon, Chief executive officer
15
SEC EDGARRobert L. Dumont, Chief executive officer
16
SEC EDGARWilliam T. Jacobson, Chief executive officer
17
SEC EDGARNat Krishnamurti, Chief financial officer
18
SEC EDGARChristopher T. Carney, Chief financial officer
19
SEC EDGARWilliam T. Jacobson, Chief financial officer
20
SEC EDGARBarbara S. Suveg, Chief financial officer
21
SEC EDGARWilliam Gleeson, LEGAL COUNSEL
22
SEC EDGARMorris D. Weiss, Chief Restructuring Officer
23
SEC EDGARMarqueta Martinez, Secretary
24
SEC EDGARJohn Shepherd Gaensbauer, Exec Vice President-Bus Dev
25
SEC EDGARGeoffrey Gates Scott, Board member
26
SEC EDGARBradley M. Tirpak, Board member
27
SEC EDGARRobert Betz, Board member
28
SEC EDGARZamani Ali, Board member
29
SEC EDGARMario Concha, Board member
30
SEC EDGAREvan D. Stone, Board member
31
SEC EDGARJohn F. Levy, Board member
32
SEC EDGARDavid A. Taft, Board member
33
SEC EDGARMorris D. Weiss, Board member
34
SEC EDGARWilliam Gleeson, General counsel
35
SEC EDGARDebt or obligation accelerated
36
SEC EDGARRegulation FD disclosure
37
SEC EDGAREntered a material agreement
38
SEC EDGAROther events
39
SEC EDGAROther events
40
SEC EDGAREntered a material agreement; Executive or director change
41
SEC EDGAREntered a material agreement
42
SEC EDGAREntered a material agreement
43
SEC EDGAREntered a material agreement
44
SEC EDGARExecutive or director change
45
SEC EDGARNew debt or obligation
46
SEC EDGAREntered a material agreement
47
SEC EDGARSAMLYN CAPITAL, LLC SC 13D/A on Applied Minerals, Inc.
48
SEC EDGARKINGDON CAPITAL MANAGEMENT, L.L.C. SC 13G/A on Applied Minerals, Inc.
49
SEC EDGARBMI Minerals Co SC 13D/A on Applied Minerals, Inc.
50
SEC EDGARBERYLSON CAPITAL PARTNERS, LLC SC 13G/A on Applied Minerals, Inc.
51
SEC EDGARRichard Brian Fox SC 13D on Applied Minerals, Inc.
52
SEC EDGARIBS CAPITAL LLC SC 13D/A on Applied Minerals, Inc.
53
SBASBA Paycheck Protection Program loan data (FOIA), loans of $150,000 and up