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Atlas Mining (OTC BB: ALMI) has the largest known commercial halloysite clay deposit in North America. Halloysite clay found at Atlas' Dragon Mine in Utah contains some of the world's richest content of nanotubes. NaturalNano has an initial contract for 500 tons of processed nanotubes, extracted from clay from the Dragon Mine. The Company's arrangement with Atlas Mining allows for placing NaturalNano's proprietary processing techniques at Atlas' facilities for nanotube separation and extraction.
NaturalNano will provide refined halloysite nanotubes, along with licenses to the Company's proprietary technologies, to commercial firms in the polymers and plastics, cosmetics, absorbents, and electronics industries.
The Company's strong patent portfolio, including the rights to multiple patents covering processes, compositions, and derivatives, will enable it to realize maximum value in the marketplace for the unique attributes of these nanotubes. Naturally occurring halloysite nanotubes are readily available in quantity, environmentally benign, and generally regarded as safe.
Halloysite nanotubes are available to academic, government, and commercial prospective customers and business partners. NaturalNano is engaged in several unannounced business alliances with other organizations to develop and bring its nanomaterials to market.
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NaturalNano Ships First Samples to Fortune 100 Company
Sample Evaluations are Key Steps to Potential Future Orders
ROCHESTER, N.Y., Dec. 12 /PRNewswire-FirstCall/ -- NaturalNano, Inc., (OTC Bulletin Board: NNAN), an advanced nanotechnology materials company whose primary business is processing, developing and commercializing naturally occurring nanomaterials, announced today that it has shipped its first samples to a Fortune 100 company for testing and evaluation for prospective commercial applications.
In addition, the Company is in advanced stages of negotiation with several companies including other Fortune 100 firms for sample quantities of halloysite nanotubes tailored to suit specific requirements. Due to the confidential nature of these relationships, NaturalNano cannot provide additional information on prospective customers at this time and cannot reveal the prospective customer's industry focus.
Michael Riedlinger, NaturalNano's president, said, "Today's announcement is a significant milestone for NaturalNano. It is an important step in the sales process that potentially can lead to future, high-volume commercial orders. By working closely with some of the world's largest corporations, we are able to receive valuable input from prospective customers on potential commercial applications for our technology. This allows us to focus our resources on opportunities that we believe have the greatest revenue potential."
Halloysite nanotubes can be filled, or coated, using NaturalNano's proprietary technologies to provide controlled and extended release of active ingredients for competitive market advantages in polymers and plastics, cosmetics, odor-masking products, drug delivery and a multitude of other applications.
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News are kind of late but no one has been putting them up
US Financial Network: Atlas Mining earns mining contract to develop upper Sunshine Mine: Expects $2.8 million revenue and Crystallex International Corporation announces completion of private placement financing
By M2 Last Update: 2/2/2006 7:19:07 AM Data provided by
Feb 02, 2006 (M2 PRESSWIRE via COMTEX) -- City of Industry, CA - Gold industry news provided by Financial News USA (FNWU) Atlas Mining Company (ALMI) reports today its contracting entity, Atlas Fausett Contracting, has entered into a contract with Sterling Mining Company to drive a new tunnel into the Sunshine Mine located near Kellogg, Idaho. The tunnel will be approximately 5,700 feet in length and be driven from above the mine office complex easterly into the property. The project will take 15 months to complete and is expected to create a revenue stream for Atlas Mining Company of approximately $2.8 million. Nevsun Resources Ltd. (NSU) is very pleased to announce the initial assay results from the first drill program on its Augaro gold property located in western Eritrea.
Crystallex International Corporation (KRY) announced today that it has completed its previously announced non-brokered private placement to an investor of 10,799,000 units (the "Units) at a purchase price of U.S.$2.90 per Unit for aggregate gross proceeds of U.S.$31,317,100. In the aggregate, the Corporation issued 10,799,000 common shares and 16,330,000 common share purchase warrants (the "Warrants"). Each whole Warrant entitles the holder to purchase one common share of the Corporation at a purchase price of U.S.$4.50 per share for a period of 18 months commencing on the later of:
(i) 61 days from the closing date of the private placement; and
(ii) 45 days following the receipt of the Permit for the Corporation's Las Cristinas Project in Venezuela. Wineco Productions, Inc. (WNCP) announces that the company's business will benefit, as the price of gold and other precious metals continue to rise. Wineco continues to acquire mines and mining rights. The recent increases in gold prices serve to enhance the value of Wineco properties and agreements with miners for chemical extraction, utilizing chemical extraction of what has been a non-recoverable recovery.
Posts: 510 | From: Dallas, TX | Registered: Apr 2005
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posted
I like this have been in this for a long time and it is slowly doing well, good stock if you are thinking long. Brought to allstocks by Purl gurl
Posts: 510 | From: Dallas, TX | Registered: Apr 2005
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