Ali Zamani Appointed to Board of Directors of Applied Minerals, Inc.
05 Fevereiro 2014 - 9:30AM
Marketwired
Ali Zamani Appointed to Board of Directors of Applied Minerals,
Inc.
NEW YORK, NY--(Marketwired - Feb 5, 2014) - Applied Minerals,
Inc. (the "Company", "Applied Minerals") (OTCQB: AMNL) (OTCBB:
AMNL), a leading global producer of halloysite clay and high-grade
natural iron oxide, is pleased to announce the appointment of Ali
Zamani to its Board of Directors.
Mr. Zamani presently serves on the Board of Directors of Kaizen
Discovery (TSX-VENTURE: KZD), a technology-focused mineral
exploration company. From July 2012 to December 2013, Mr.
Zamani was a Principal at SLZ Capital Management, a New York-based
asset management firm. From 2004 through 2012, Mr. Zamani was
a senior investment professional at Goldman Sachs Investment
Partners and Goldman Sachs Principal Strategies. While at
Goldman Sachs, he managed a portfolio focused on the energy,
materials, utilities and industrials sectors. From 2002
through 2004, Mr. Zamani was a mergers and acquisitions analyst
focused on the energy and utilities sectors at Dresdner Kleinwort
Wasserstein, a boutique New York-based investment bank. Mr. Zamani
holds a B.S. in Economics from the Wharton School at the University
of Pennsylvania, where he graduated magna cum laude.
"We are very pleased to welcome Ali to the Applied Minerals
Board of Directors," said John F. Levy, Chairman of the Board. "Ali
has significant financial markets experience in addition to a
strong understanding of the minerals, advanced materials and
industrial sectors. His skill set will be of great value to
the Board and the Company."
The appointment of Mr. Zamani brings the total number of
directors to six of which four are independent.
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 & fillers for plastic
composites. Applied Minerals markets its halloysite products
under the Dragonite™ trade name.
The Dragon Mine also contains an advanced natural 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. 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.
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.
Investor Relations Contact: Jordan M. Darrow Darrow Associates
631-367-1866 Email Contact
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