Upgrade of Atlas Mining Company Dragon Mine Processing Facility Moves to Completion
Dragon Mine commences on-site refining process for Halloysite Clay and its unique nanotechnology properties
SILVER CITY, Utah--(BUSINESS WIRE)--Atlas Mining Company (OTCBB: ALMI) is pleased to announce that the new processing plant at the Utah based Dragon Mine is operational. The final specifically built pieces of machinery have arrived at the Dragon Mine, and the company has begun its pilot run program of refining halloysite clay for the micro tubular and nanotechnology industry. The pilot run of the newly installed equipment is being performed in order to make final adjustments and to evaluate the finished product. The plant will process the Dragon Mine’s very unique halloysite clay for cosmetics, pharmaceuticals, plastics, and paint and building materials industries. Samples have already been sent to the many companies that have expressed interest in using the processed halloysite. This initial run of the newly equipped mill will give the company the opportunity to make necessary adjustments and give a better understanding of processing capabilities in additions to starting a stockpile of refined product for fulfillment of orders.
Dr. Ron Price, President of Nano Clay and Technologies, an Atlas Mining Company subsidiary, stated, “Although the plant facility is finally finished, we will continue to make improvements and changes to enhance the operation. We will have a state-of-the-art quality control system in place to insure our buyers of a quality product. Our customers have anxiously waited for us to begin production, and once we can assure ourselves that we can supply them with a product with the unique properties of the Dragon Mine halloysite on a consistent basis, we know the market will be there for us."
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, and holds interests in copper and gold properties in Newfoundland. Atlas stock trades on the OTC Bulletin Board under the symbol “ALMI”. More information about Atlas Mining Company can be found at http://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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