Atlas Mining Company Enters into Agreement with DURTEC GmbH of Germany
According to Dr Schomburg, President of DURTEC GmBH, "Our first sales may come in the cosmetics area, and we think the Dragon halloysite is an excellent material for this usage. We will be able to move the halloysite clay through the European regulatory process and are in a position to present Atlas Mining products to end users throughout Europe." Other areas Dr Schomburg has indicated as a good fit for the unique halloysite clay properties include pharmaceutical and agricultural areas.
William Jacobson, President and CEO of Atlas Mining Company, stated, "In our efforts to move into new and exciting markets for our unique halloysite clay, it was nice to find a group that thinks beyond the conventional markets. We think DURTEC will bring us some exciting new markets for our product. We will be working closely with Dr. Schomburg and his team to get our product to the end users."
About Atlas Mining Company: Atlas Mining Company is a diversified natural resource company with focus on the development of the Dragon Mine in Juab County, Utah, the only known commercial source of halloysite clay outside of New Zealand. The unique purity and quality of the Dragon mine halloysite is unmatched anywhere in the world and has spawned considerable research in the nanotechnology fields and has created exciting new applications for this product. Atlas also holds mining and timber interests in Northern Idaho, and operates an underground mining contracting business. Atlas stock trades on the OTC Bulletin Board under the symbol "ALMI". More information about Atlas Mining Company can be found at www.atlasmining.com.
Safe Harbor Statement: Except for the historical statements made herein, the statements made in this release are forward-looking statements. Risk factors that could cause actual results to differ materially from those projected in forward-looking statements include, but are not limited to, general business conditions, managing growth, and political and other business risks. All forward-looking statements are expressly qualified in their entirety by this Safe Harbor Statement and the risks and other factors detailed in the Company's reports filed with the Securities and Exchange Commission. Atlas Mining Company undertakes no duty to update these forward-looking statements.
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