OSBURN, Idaho--(BUSINESS WIRE)--July 6, 2005--Atlas Mining Company (OTCBB:ALMI - News) announced today that it has recently completed a capital raise of $4.4 million via the sale of restricted common stock. The announcement made by company president William T Jacobson, stated,
"The company has accepted $4.4 million from existing long term investors through a private placement of its common stock. With these proceeds we will be able to purchase the Dragon Mine, payoff debts and have the necessary funding to move the Dragon Mine into a more productive stage.