Applied Minerals, Inc. Announces Executive Changes
October 26, 2020 at 07:23 am EDT
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Applied Minerals, Inc. announced that Mario Concha stepped down as Chief Executive Officer of the company effective October 22, 2020. Mr. Concha will continue to serve as Chairman of the Board of Directors of the company. Christopher T. Carney was appointed Chief Executive Officer and elected director of the company on October 22, 2020. Mr. Carney has been Chief Financial Officer of the company since August 12, 2015. From 2012 until his appointment as Chief Financial Officer, Christopher Carney, 50, was Vice President of Business Development for the company. From 2009 through 2012, he served as the Interim Chief Financial Officer of the Company. Mr. Carney graduated with a BA from Lehman College and an MBA from Tulane University.
Applied Minerals, Inc. owns the Dragon Mine in central Utah. From the mine the Company extract, process or has processed by a third party, halloysite clay and iron oxide for sale to a range of end markets. The Company markets the minerals directly and through distributors. It is also engaged in research and development and frequently works collaboratively with customers, consultants, distributors; and a third-party processor to process and enhance its halloysite clay products to improve the performance of its customersâ existing and new products. Its halloysite clay, which the Company markets under the DRAGONITE trade name, is an aluminosilicate mineral with a hollow tubular shape. DRAGONITE can utilize halloysiteâs shape, high surface area, and reactivity to add significant functionality to a number of applications. The Companyâs iron oxide, which it markets under the AMIRON trade name, sales for use in cement, as well as an absorbent for hydrogen sulfide gas contained in natural gas.
APPLIED MINERALS, INC. 
