Applied Minerals
Applied Minerals is a vertically integrated specialty mining company that extracts, processes, and sells halloysite clay from its Dragon Mine in Utah — the western hemisphere's only measured resource suitable for large-scale production — serving industrial, environmental, and agricultural customers directly.
- Company typePublic
- Founded1924
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Applied Minerals does
Applied Minerals is a vertically integrated specialty mining company that extracts, processes, and sells halloysite clay from its owned Dragon Mine in Utah's Tintic District, which spans 230 acres and is described as the only known measured resource of halloysite clay in the western hemisphere sufficient for large-scale commercial production. The company also operates a zeolite mining facility in Nevada, providing a secondary mineral revenue stream. Applied Minerals serves industrial, environmental, and agricultural customers through a direct Mine to Market sales model, delivering commercially consistent product grades specifically tailored to customer performance objectives.
The company's core technology centers on proprietary methods for the characterization, quantification, and commercialization of halloysite clay, developed in collaboration with globally recognized experts in the mineral. This knowledge base, combined with control of a scarce measured resource and vertically integrated operations from extraction through delivery, forms the operational backbone of the business. The company is publicly traded on the OTCQB under ticker AMNL, headquartered in New York, and operates with a small team of 11-50 employees.
The revenue model is based on direct one-time sales of halloysite clay product grades to enterprise customers across multiple application verticals. Pricing is not publicly disclosed. The company has historically relied on periodic equity funding rounds — nine disclosed raises totaling approximately $55 million between 2008 and 2016 — to support operations, with no disclosed capital raises since mid-2016. Persistent operating losses and the absence of new funding activity since 2016 indicate ongoing commercial scaling challenges despite the strategic asset base.
Applied Minerals firmographics
Firmographics- Name
- Applied Minerals
- Legal name
- Applied Minerals
- Website
- https://appliedminerals.com
- Company type
- Public
- Founded year
- 1924
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Applied Minerals is a vertically integrated specialty mining company that extracts, processes, and sells halloysite clay from its Dragon Mine in Utah — the western hemisphere's only measured resource suitable for large-scale production — serving industrial, environmental, and agricultural customers directly.
- Ownership category
- akta.pro rank
Applied Minerals industry classification
Industry- Product category
- Industrial Minerals
- NAICS
- Kaolin, Clay, and Ceramic and Refractory Minerals Mining (212323), Other Nonmetallic Mineral Mining and Quarrying (212390)
- SIC
- Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400)
- akta.pro primary industry
- Kaolin & Industrial Clay Mining (Bentonite, Ball Clay, Fuller’s Earth) (IMAKAGAJ)
- akta.pro secondary industry
- Industrial Minerals Trading (Phosphate, Potash, Sulfur, Borates, Barite, Talc) (IMAKAJAF)
Keywords
Where Applied Minerals is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Applied Minerals business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D
Revenue model
- Halloysite Clay Sales: Vertically integrated production and sale of halloysite clay products. The company extracts, processes, and delivers commercially consistent product grades of halloysite clay specifically tailored to achieve enhanced performance objectives for customers.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Applied Minerals product offering
Product offeringCore offering
Applied Minerals is a vertically integrated mining company that extracts, processes, and markets Halloysite Clay from its Dragon Mine in the Tintic District of Utah. The company also operates a zeolite mining facility in Nevada. It delivers commercially consistent product grades of Halloysite Clay specifically tailored to achieve enhanced performance objectives in industrial, environmental, and agricultural applications.
Product overview
Applied Minerals is a vertically integrated mining company that produces and markets Halloysite Clay from its Dragon Mine in Utah. As the only known measured resource of Halloysite Clay in the western hemisphere, the company extracts, processes, and delivers its niche mineral product directly to market, offering commercially consistent product grades specifically tailored to customer performance objectives.
Differentiator
Problem solved
Functional benefit
Products and services
- Halloysite Clay
Companies that use Applied Minerals
Customer profileSegments1 record
Ideal customer profiles1 record
Applied Minerals technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Applied Minerals partnerships and signals
Strategic signalScale indicators3 records
Recent moves6 records
Expansion highlights3 records
Applied Minerals competitors and assessment
Company assessmentDirect peers
- KaMin LLC: A major producer of kaolin and industrial clays serving similar industrial, paper, coatings, and specialty applications markets. Directly comparable as a vertically integrated industrial clay miner with tailored product grades for performance-driven end uses.
- Active Minerals International: Mines and processes specialty industrial minerals including kaolin and ball clay for industrial, agricultural, and environmental applications. Closely comparable to Applied Minerals in niche clay-mining and tailored-grade product strategy.
- Thiele Kaolin Company: A long-standing producer of kaolin clays serving paper, paint, and specialty industrial markets. Comparable as a vertically integrated industrial clay miner supplying performance-tailored grades to industrial end-users.
- Wyo-Ben, Inc. Producer of bentonite and other specialty clays for industrial, environmental, and oilfield applications. Comparable mining/processing footprint and customer base overlap with Applied Minerals' industrial clay business.
Emerging players
- I-Minerals Inc. A small-cap industrial minerals developer with halloysite and other clay mineral assets. Comparable to Applied Minerals as another emerging player targeting halloysite clay commercialization in niche industrial applications.
- Absorbent Technologies, Inc. Specialty producer of absorbent clay-based products for environmental and industrial spill applications. Comparable emerging player operating in the same halloysite/clay absorbent technology space as Applied Minerals.
Broad incumbents
- Imerys S.A. Global leader in mineral-based specialty solutions including kaolin, ball clays, and other industrial clays. Comparable in product category and end-markets, though substantially larger and broader in scope than Applied Minerals.
- SCR-Sibelco NV: Global industrial minerals company producing a wide range of silica, clays, and specialty minerals for industrial and high-tech applications. Comparable as a major diversified industrial minerals producer with overlapping clay product lines.
- Minerals Technologies Inc. Specialty minerals company producing precipitated calcium carbonate, bentonite, and other mineral products for industrial and consumer applications. Comparable as a publicly traded specialty minerals producer with a vertically integrated model.
Regional players
- U.S. Bentonite / Black Hills Bentonite: U.S.-based bentonite mining and processing company supplying industrial, environmental, and agricultural markets. Comparable as a regional North American specialty clay miner serving similar end-use verticals.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
Applied Minerals social profiles
Digital presenceApplied Minerals financial estimates
Financial estimateRevenue estimate
Valuation estimate
Applied Minerals leadership team
Management profileNumber of profiles
Profiles4 records
Applied Minerals funding detail
Funding detailFunding overview
Funding rounds9 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Applied Minerals M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Applied Minerals
What does Applied Minerals do?
Applied Minerals is a vertically integrated mining company that extracts, processes, and markets Halloysite Clay from its Dragon Mine in the Tintic District of Utah. The company also operates a zeolite mining facility in Nevada. It delivers commercially consistent product grades of Halloysite Clay specifically tailored to achieve enhanced performance objectives in industrial, environmental, and agricultural applications.
Is Applied Minerals a public or private company?
Applied Minerals is a public company. It is classified as public and is currently operating.
When was Applied Minerals founded?
Applied Minerals was founded in 1924. It employs 11 to 50 people.
Where is Applied Minerals based?
Applied Minerals is headquartered in New York, United States, in the North America region.
How does Applied Minerals make money?
One revenue line is on record: halloysite Clay Sales.
Who are Applied Minerals's main competitors?
Direct peers on record are KaMin LLC, Active Minerals International, Thiele Kaolin Company and Wyo-Ben, Inc.. Emerging players are I-Minerals Inc. and Absorbent Technologies, Inc.. Broad incumbents are Imerys S.A., SCR-Sibelco NV and Minerals Technologies Inc.. U.S. Bentonite / Black Hills Bentonite is listed as a regional player.
Does Applied Minerals have an API?
No public API is recorded for Applied Minerals.
What industry is Applied Minerals in?
Applied Minerals's product category is Industrial Minerals. Its primary akta.pro industry code is IMAKAGAJ, Kaolin & Industrial Clay Mining (Bentonite, Ball Clay, Fuller’s Earth), with a secondary code of IMAKAJAF, Industrial Minerals Trading (Phosphate, Potash, Sulfur, Borates, Barite, Talc). Its NAICS code is 212323 and its SIC code is 1400.