Applied Minerals, Inc. (AMNL)
For informational purposes only. Not financial advice. Analysis by Sedat Aydin, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Applied Minerals, Inc. (AMNL) with AI Score 52/100 (Hold). Applied Minerals, Inc. focuses on extracting, processing, and marketing halloysite clay and iron oxide products. Market cap: 0, Sector: Basic materials.
Last analyzed: Mar 16, 2026Applied Minerals, Inc. (AMNL) Materials & Commodity Exposure
Applied Minerals, Inc. (AMNL) is a basic materials company specializing in halloysite clay and iron oxide extraction and processing. With the Dragon mine property as a core asset, the company provides DRAGONITE and AMIRON products to diverse sectors, facing competition in the industrial materials market.
Investment Thesis
Applied Minerals, Inc. presents a speculative investment opportunity within the industrial materials sector. The company's reliance on the Dragon mine property for halloysite clay and iron oxide extraction makes it vulnerable to geological risks and commodity price fluctuations. With a negative profit margin of -233.0% and a negative gross margin of -17.7%, the company's financial performance raises concerns about its operational efficiency and ability to generate sustainable profits. Potential growth catalysts include expanding the applications of DRAGONITE and AMIRON products in emerging markets and developing strategic partnerships to enhance distribution channels. However, the company's small size and limited resources pose challenges in competing with larger, more established players in the industry. Investors should carefully evaluate the company's financial position, operational risks, and growth prospects before making any investment decisions. The high beta of -9.13 suggests extreme volatility relative to the market.
Based on FMP financials and quantitative analysis
Key Highlights
- Market capitalization of $0.00B indicates a micro-cap company with limited financial resources.
- P/E ratio of -0.01 reflects negative earnings, suggesting the company is not currently profitable.
- Profit margin of -233.0% highlights significant operational inefficiencies and challenges in cost management.
- Gross margin of -17.7% indicates that the company's cost of goods sold exceeds its revenue, raising concerns about its pricing strategy and production costs.
- Beta of -9.13 suggests the stock price moves in the opposite direction of the market, but also indicates high volatility and potential risk.
Competitors & Peers
Strengths
- Proprietary access to the Dragon mine property.
- Specialized DRAGONITE and AMIRON product lines.
- Diverse range of applications for its products.
- Established presence in the industrial materials sector.
Weaknesses
- Limited financial resources and market capitalization.
- Negative profit and gross margins.
- Reliance on a single mining property.
- Small number of employees.
Catalysts
- Ongoing: Expansion of DRAGONITE applications in the cosmetics industry.
- Ongoing: Development of advanced battery materials using halloysite clay.
- Ongoing: Strategic partnerships for distribution in key markets.
- Upcoming: Potential for increased demand due to stricter safety regulations for flame retardant additives.
- Upcoming: Exploration of new mining claims to expand resource base.
Risks
- Ongoing: Fluctuations in commodity prices affecting profitability.
- Potential: Increased competition from larger players in the industrial materials sector.
- Potential: Geological risks associated with mining operations.
- Ongoing: Limited financial resources and market capitalization.
- Ongoing: Negative profit and gross margins indicating financial instability.
Growth Opportunities
- Expansion into Flame Retardant Additives: The market for flame retardant additives in plastics is growing due to stricter safety regulations and increasing demand for high-performance materials. Applied Minerals can leverage its DRAGONITE halloysite clay to develop innovative flame retardant solutions, targeting the construction, automotive, and electronics industries. The global flame retardant additives market is projected to reach $10 billion by 2028, offering a substantial growth opportunity for Applied Minerals.
- Penetration of the Cosmetics Industry: Halloysite clay is gaining traction in the cosmetics industry due to its unique properties, such as controlled release and biocompatibility. Applied Minerals can capitalize on this trend by developing specialized DRAGONITE formulations for skincare, haircare, and makeup products. The global cosmetics market is estimated at $400 billion, providing a vast potential market for Applied Minerals to explore through strategic partnerships and product innovation.
- Development of Advanced Battery Materials: The increasing demand for electric vehicles and energy storage systems is driving the need for advanced battery materials. Applied Minerals can explore the use of halloysite clay in battery electrodes and separators to enhance performance and safety. The global battery materials market is expected to reach $60 billion by 2027, presenting a significant growth opportunity for Applied Minerals to invest in research and development and establish collaborations with battery manufacturers.
- Application in Environmental Remediation: Halloysite clay can be used as an effective and eco-friendly material for environmental remediation, such as soil and water treatment. Applied Minerals can target the environmental sector by offering DRAGONITE-based solutions for removing pollutants and contaminants. The global environmental remediation market is projected to reach $120 billion by 2025, providing a growing market for Applied Minerals to contribute to sustainable environmental practices.
- Strategic Partnerships for Distribution: Applied Minerals can enhance its market reach and customer base by forming strategic partnerships with distributors and agents in key regions. By leveraging the established networks and expertise of its partners, the company can expand its sales channels and penetrate new markets more effectively. This collaborative approach can accelerate revenue growth and strengthen Applied Minerals' competitive position in the industrial materials sector.
Opportunities
- Expansion into new markets and applications.
- Strategic partnerships with distributors and agents.
- Development of innovative product formulations.
- Growing demand for specialty materials and sustainable solutions.
Threats
- Fluctuations in commodity prices.
- Increased competition from larger players.
- Geological risks associated with mining operations.
- Changes in environmental regulations.
Competitive Advantages
- Proprietary access to the Dragon mine property, a source of halloysite clay.
- Specialized knowledge and expertise in processing halloysite clay and iron oxide.
- Established relationships with customers in key markets.
- Unique DRAGONITE and AMIRON product formulations.
About AMNL
Applied Minerals, Inc., originally incorporated as Atlas Mining Company in 1924 and rebranded in 2009, operates in the industrial materials sector, focusing on the extraction, processing, and marketing of halloysite clay and iron oxide. The company's primary asset is the Dragon mine property located in Juab County, Utah, comprising 38 patented and 6 unpatented mining claims across 267 acres. Applied Minerals offers a range of halloysite clay-based products under the tradename DRAGONITE, targeting applications such as molecular sieves, catalysts, flame retardants, ceramics, polymers, paints, coatings, batteries, agriculture, environmental remediation, controlled release carriers, and cosmetics. Additionally, the company provides natural iron oxide-based products under the trade name AMIRON, catering to pigmentary and technical application markets. Applied Minerals markets its products directly through employees, agents, and distributors, serving a diverse customer base across multiple industries. The company is based in Eureka, Utah, and manages its operations with a team of 17 employees.
What They Do
- Extracts halloysite clay from the Dragon mine property in Utah.
- Processes halloysite clay into DRAGONITE products.
- Markets DRAGONITE for use in molecular sieves and catalysts.
- Offers DRAGONITE as a flame retardant additive for plastics.
- Provides DRAGONITE for use in ceramics and polymers.
- Extracts and processes iron oxide into AMIRON products.
- Markets AMIRON for pigmentary and technical applications.
- Sells products directly and through distributors.
Business Model
- Extracts raw materials (halloysite clay and iron oxide) from its mining property.
- Processes raw materials into specialized products (DRAGONITE and AMIRON).
- Sells processed materials to various industries for specific applications.
- Generates revenue through direct sales and distribution agreements.
Industry Context
Applied Minerals, Inc. operates within the industrial materials sector, which is characterized by cyclical demand and sensitivity to economic conditions. The company competes with other producers of halloysite clay and iron oxide, facing pressure on pricing and market share. The industry is influenced by trends such as increasing demand for specialty materials, growing environmental concerns, and technological advancements in material processing. Applied Minerals' success depends on its ability to differentiate its products, optimize its production processes, and establish strong relationships with customers in key markets.
Key Customers
- Manufacturers of molecular sieves and catalysts.
- Plastics manufacturers requiring flame retardant additives.
- Ceramics and polymers producers.
- Paints and coatings manufacturers.
- Cosmetics companies.
- Companies involved in environmental remediation.
Financials
Chart & Info
Applied Minerals, Inc. (AMNL) stock price: Price data unavailable
Latest News
No recent news available for AMNL.
Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for AMNL.
Price Targets
Wall Street price target analysis for AMNL.
MoonshotScore
What does this score mean?
The MoonshotScore rates AMNL's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Christopher T. Carney
CEO
Christopher T. Carney serves as the CEO of Applied Minerals, Inc., overseeing the company's strategic direction and operational activities. His background includes experience in managing small teams and navigating the challenges of resource extraction and materials processing. He is responsible for guiding the company's efforts in extracting, processing, and marketing halloysite clay and iron oxide products.
Track Record: Under Christopher T. Carney's leadership, Applied Minerals has focused on optimizing its operations at the Dragon mine property and expanding the applications of its DRAGONITE and AMIRON product lines. He has been instrumental in driving the company's efforts to penetrate new markets and establish strategic partnerships. However, the company continues to face challenges in achieving profitability and sustainable growth.
AMNL OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, characterized by limited regulatory oversight and minimal financial disclosure requirements. Unlike stocks listed on major exchanges like the NYSE or NASDAQ, companies on the OTC Other tier are not subject to stringent listing standards, such as minimum share price, market capitalization, or trading volume. This lack of regulatory scrutiny increases the risk of fraud, manipulation, and information asymmetry for investors. Companies in this tier often have difficulty attracting institutional investors due to the perceived higher risk and lack of transparency.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited financial disclosure and transparency.
- Higher risk of fraud and manipulation.
- Low trading volume and liquidity.
- Potential for delisting and loss of investment.
- Lack of regulatory oversight and investor protection.
- Verify the company's registration and regulatory filings.
- Review the company's financial statements, if available.
- Assess the company's business model and competitive landscape.
- Evaluate the management team and their track record.
- Understand the risks associated with the company's operations.
- Monitor trading activity and price movements.
- Consult with a qualified financial advisor.
- Company has been in operation since 1924.
- Ownership of the Dragon mine property.
- Offers specialized DRAGONITE and AMIRON product lines.
- Direct sales and distribution channels.
- Management team in place.
Common Questions About AMNL
What does Applied Minerals, Inc. do?
Applied Minerals, Inc. is a basic materials company that extracts, processes, and markets halloysite clay and iron oxide. The company owns the Dragon mine property in Utah, where it sources these raw materials. It then transforms them into specialized products, primarily DRAGONITE (halloysite clay-based) and AMIRON (natural iron oxide-based), which are sold to various industries for applications ranging from flame retardants to cosmetics. The company operates through direct sales and distribution agreements.
What do analysts say about AMNL stock?
As of 2026-03-16, there is no available analyst coverage or consensus on AMNL stock. Given its micro-cap status and OTC listing, the stock is not widely followed by analysts. Key valuation metrics such as P/E ratio (-0.01) and profit margin (-233.0%) suggest that the company is not currently profitable. Investors should conduct their own thorough research and due diligence before considering an investment in AMNL.
What are the main risks for AMNL?
Applied Minerals faces several key risks, including commodity price volatility, geological risks associated with mining operations, and intense competition in the industrial materials sector. The company's limited financial resources and negative profit margins also pose significant challenges to its long-term sustainability. Additionally, as an OTC-listed stock, AMNL is subject to higher regulatory scrutiny and liquidity risks compared to stocks listed on major exchanges. Investors should carefully consider these risks before investing in AMNL.
What are the key factors to evaluate for AMNL?
Applied Minerals, Inc. (AMNL) currently holds an AI score of 52/100, indicating moderate score. Key strength: Proprietary access to the Dragon mine property.. Primary risk to monitor: Ongoing: Fluctuations in commodity prices affecting profitability.. This is not financial advice.
How frequently does AMNL data refresh on this page?
AMNL prices update in real time during U.S. market hours (9:30 AM-4:00 PM ET, weekdays). Fundamentals refresh after quarterly or annual filings. Analyst ratings and AI insights update daily. News is aggregated continuously from financial sources.
What has driven AMNL's recent stock price performance?
Recent price movement in Applied Minerals, Inc. (AMNL) can be influenced by earnings results, analyst revisions, sector rotation, and broader market sentiment. Notable catalyst: Proprietary access to the Dragon mine property.. Check the News and Technical Analysis tabs for the latest drivers. Past performance does not predict future results.
Should investors consider AMNL overvalued or undervalued right now?
Determining whether Applied Minerals, Inc. (AMNL) is overvalued or undervalued requires examining multiple metrics. Compare valuation ratios (P/E, P/S, EV/EBITDA) against sector peers for a comprehensive view.
What research should beginners do before buying AMNL?
Before investing in Applied Minerals, Inc. (AMNL), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Limited financial information available.
- OTC market carries higher risk.